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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Office buildings
1646 33rd St Orlando, FL 32839-8866
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2664450
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2007
Total area
24,882 SF
Lot
1.11 ac (48,503 SF)
Zoning code
PD
APN
10-23-29-3871-00-040
UPID
US18-2664450
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Premiere Eglise Evangelique Le Rocher Church
-
Mrs. Alissa Ledgerwood Physician
-
Owens Realty Services Corporate Office
-
Walden Security | Orlando Branch Security Service
-
Dr. Waleed Bolad Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.33M
Owner & transaction history
Or&l 1646 33rd Street LLC · 1 yrs held
Or&l 1646 33rd Street LLC
since 2025
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
PD · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orlando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orlando submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,325,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±10% · vs last sale $4.32M (Oct 6 2024)
Last sale anchor
$4.32M
Oct 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$67,973
Tax year 2023
Assessed value
$3,681,109
Assessed 2023
Previous assessed
$3,615,556
+1.8% YoY
Effective rate
1.85%
On assessed value
Assessed land
$784,294
Assessed improvement
$2,896,815
Land market value
$784,294
Improvement market value
$2,896,815
Total market value
$3,681,109
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Rooms
11
Total area
24,882 SF
Lot
1.11 ac (48,503 SF)
Zoning code
PD
APN
10-23-29-3871-00-040
UPID
US18-2664450
Jurisdiction
ORANGE
Zoning & alternative use
PD · Orlando, FL
Zoning PD · permitted uses
PD · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$6.3M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
11
Lot
1.11 ac
Current owner
From public records · entity-resolved
Or&l 1646 33rd Street LLC
Entity
Mailing address
1646 33RD ST STE #301, ORLANDO, FL 32839-8866
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
$4,321,900
Or&l 1646 33rd Street LLC
Og 1646 33rd Street LLC
Special Warranty Deed
$2,073,300 · Wells Fargo Bank NA
Sep 10, 2018
$4,060,000
Og 1646 33rd Street LLC
1646 33rd Street Lllp
Grant Deed
—
Sep 10, 2018
—
Og 1646 33rd Street LLC
—
Deed
related
$3,017,000 · Regions Bk
Jul 2, 2012
$1,825,000
1646 33rd Street Lllp
Andyland Dev LLC
Warranty Deed
$2,600,000 · Florida Community Bank
Feb 16, 2006
—
Andyland Dev LLC
I-4 Commerce Center LLP
Quit Claim Deed
related
—
—
—
1646 33rd Street Lllp
—
Deed Of Trust
related
$2,720,000 · Seaside Nat'l Bk&tr
—
—
1646 33rd Street Lllp
—
Deed Of Trust
related
$160,000 · Seaside Nat'l Bk&tr
—
—
Og 1646 33rd Street LLC
—
Deed Of Trust
related
$3,017,000 · Regions Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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