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    Property profile & analytics

    1627 Conway Rd Orlando, FL 32812

    • Retail space
    • 4,368 SF
    • 0.93 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7648563
    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

    • ELPOPO SMOKESHOP / (Bike/Boat/Book/etc) Store
    • Dunkin' / Cafe & Coffee Shop
    • Smoke / Church
    • Planet Smoothie / Specialty Food Shop / (Bike/Boat/Book/etc) Store
    • G'PChimney&DryerVentCleaning / General Contractor / Renovation Specialist

    Property Details for 1627 Conway Rd

    Year built
    1977
    Lot size
    0.93 lot acres
    Property size
    4,368 SF
    Zone code
    AC-1/AN/SP
    Property type
    Retail space
    APN
    05-23-30-1691-01-000
    APU
    52330169101000

    Description

    This exceptional 2,500 square foot retail space is located within the newly constructed Conway Commons in Orlando, Florida. Situated at 1627 S. Conway Rd, 32812, this property offers a fantastic opportunity for businesses seeking high visibility and convenient access. The entire 2,500 square foot building is currently vacant, presenting a blank canvas for a discerning tenant to customize to their specific needs. Built in 2022, the building is modern and well-maintained. The property sits on a sizable 1.29-acre lot, providing ample space and potential for future expansion or outdoor amenities. Ample parking is available with 24 spaces provided for customers and employees. The property is categorized as a storefront within a strip center, benefiting from the shared visibility and foot traffic associated with multiple tenants. Its location in Orange County, Florida, places it within a thriving commercial area of Orlando, offering excellent access to major roadways and a dense population base. This is an ideal space for a variety of retail businesses seeking a prominent location in a rapidly growing market. The property's modern construction and generous parking make it a highly attractive option for businesses seeking a turnkey solution.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,430,000
      6.5%
      $1,320,000
      7%
      $1,225,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,110,000
      Current use
      AUTO REPAIR, GARAGE
      $1,455,000
      Change: +31% Conversion: Difficult
      OFFICE BUILDING
      $1,385,000
      Change: +25% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,310,000
      Change: +18% Conversion: Easy
      WAREHOUSE, STORAGE
      $910,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3304
    Latitude
    28.5231
    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
    $20,768
    $564,213
    $485,241
    $1,049,454
    -
    $564,213
    $485,241
    $1,049,454

    Comparable in this City

    • Value Estimation
      $1,485,000
      9,668 SF

      7149 Frontage Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,668 SF
      7149 Frontage Rd, Orlando, FL 32812-9012
      View Details
    • Value Estimation
      $1,670,000
      10,277 SF

      4530 Hoffner Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,277 SF
      4530 Hoffner Ave, Orlando, FL 32812-2336
      View Details
    • Value Estimation
      $1,030,000
      5,808 SF

      5054 Conway Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,808 SF
      5054 Conway Rd, Belle Isle, FL 32812-1258
      View Details
    • Value Estimation by Request
      3,000 SF

      3310 Conway Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      3310 Conway Rd, Orlando, FL 32812-7335
      View Details
    • Value Estimation
      $1,030,000
      5,120 SF

      4688 Hoffner Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,120 SF
      4688 Hoffner Ave, Orlando, FL 32812-2306
      View Details
    • Value Estimation
      $545,000
      3,796 SF

      4450 Curry Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,796 SF
      4450 Curry Frd Rd, Orlando, FL 32812-2702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,497 SF

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      Retail property with refurbished roof and high traffic count.
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      High-Traffic Gas Station Investment

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      Orlando Medical Office Building

      Fully Equipped, Prime Location, High Visibility
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    • $255,000
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      Ready-to-build lot near airport and Disney in Orlando, Florida.
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    Similar Nearby for Lease

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      Retail spaces available in neighborhood shopping center anchored by Publix.
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      Retail Space in Conway Plaza

      Retail space available in revitalized Orlando neighborhood near airports.
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      Orlando Retail Space - Conway Commons

      Prime Orlando storefront, 2,500 sq ft available.
      1627 Conway Rd, Orlando, FL 32812
      View Details
    • Contact for pricing
      16,560 SF

      Orlando Industrial Warehouse Space Available

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      Orlando Logistics Park Distribution Center

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    1627 Conway Rd
    Orlando, FL 32812
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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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