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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1584 College Park Business Ctr Rd Orlando, FL 32804-6027

    • Office buildings
    • 5,968 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimations
    $2,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7877082
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drake Lawn & Pest Control / Garden Center

    Property Details for 1584 College Park Business Ctr Rd

    Year built
    2019
    Lot size
    1.05 lot acres
    Property size
    5,968 SF
    Zone code
    I-G
    Property type
    Office buildings
    APN
    22-22-29-1483-01-001
    APU
    222229148301001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,980,000
      6.5%
      $1,830,000
      7%
      $1,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,660,000
      Market price range: $1.08M - $2.66M
      AI Estimate
      $2,109,000
      Market price range: $386k - $2.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,870,000
      Current use
      RESTAURANT
      $2,950,000
      Change: +58% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,990,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,645,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4095
    Latitude
    28.5659
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,953
    $361,168
    $1,331,796
    $1,692,964
    -
    $361,168
    $1,331,796
    $1,692,964

    Comparable in this City

    • Value Estimation
      $10,980,000
      29,713 SF

      301 Princeton St

      PROFESSIONAL BUILDING • 29,713 SF
      301 Princeton St, Orlando, FL 32804-5546
      View Details
    • Value Estimation
      $1,580,000
      6,218 SF

      2718 Orange Ave

      PROFESSIONAL BUILDING • 6,218 SF
      2718 Orange Ave, Orlando, FL 32804-7611
      View Details
    • Value Estimation
      $7,850,000
      33,897 SF

      2520 Orange Ave

      OFFICE BUILDING (MULTI-STORY) • 33,897 SF
      2520 Orange Ave, Orlando, FL 32804-4638
      View Details
    • Value Estimation by Request
      153,319 SF

      2415 Orange Ave

      PROFESSIONAL BUILDING • 153,319 SF
      2415 Orange Ave, Orlando, FL 32804-5505
      View Details
    • Value Estimation
      $5,485,000
      32,924 SF

      5151 Adanson St

      OFFICE BUILDING (MULTI-STORY) • 32,924 SF
      5151 Adanson St, Orlando, FL 32804-1317
      View Details
    • Value Estimation
      $2,970,000
      10,016 SF

      1200 Edgewater Dr

      PROFESSIONAL BUILDING • 10,016 SF
      1200 Edgewater Dr, Orlando, FL 32804-6314
      View Details

    Similar Nearby for Sale

    • $4,075,000

      Fully Occupied Multi-Tenant Building

      Two-story, 9,916 SF building near Ivanhoe Village.
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      Orlando Dental Practice Opportunity

      Established dental practice and building for sale in Orlando.
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    • $1,350,000
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      Prime Orlando Office Building

      Two-Story Office, High Visibility
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      Renovated Corner Property in Orlando

      Fully renovated commercial property near Packing District, ideal for store/office/residential.
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    • $1,550,000
      3,034 SF

      Medical Building Near AdventHealth Campus

      Free-standing medical building near AdventHealth Downtown Campus.
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    • $2,600,000

      College Park Land Assembly Opportunity

      2.28 acres in College Park/Fairview Shores, Orlando.
      1725 Fairview Shores Dr, Orlando, FL 32804
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    Similar Nearby for Lease

    • Contact for pricing
      5,569 SF

      Three-Story Office Building Near I-4

      72,214 SF office building with I-4 access and visibility.
      604 Courtland St, Orlando, FL 32804
      View Details
    • Contact for pricing
      10,794 SF

      Free Standing Office Building

      10,794 SF office building with 37 parking spaces.
      1601 W Colonial Dr, Orlando, FL 32804
      View Details
    • $48,000

      Downtown Office Building For Rent

      Downtown Orlando office building near UCF and Creative Village.
      517 W Colonial Dr, Orlando, FL 32804
      View Details
    • $15 SF/Yr
      10,344 SF

      Courtland Street Office Suites

      Orlando Office Space: 1,200-2,400 SF
      850 Courtland St, Orlando, FL 32804
      View Details
    • $12 SF/Yr
      10,000 SF

      Updated Office Space Near I-4

      Updated office spaces with easy access to I-4 and amenities.
      850 Courtland St, Orlando, FL 32804
      View Details
    • $32 SF/Yr
      6,315 SF

      College Park Office Space Available

      Professional office space in desirable College Park location for rent.
      1615 Edgewater Dr, Orlando, FL 32804
      View Details
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    1584 College Park Business Ctr Rd
    Orlando, FL 32804-6027
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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