Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1700 West Sand Lake Rd, Unit D115-D116 Orlando, FL 32809

    • Community centers
    • 35,600 SF
    • 23.79 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Last Sale
    Jun 14, 2023
    $25,100,000
    Value Estimations
    $18,525,000
    Cap Rate Potential
    2.3%
    Community centers
    Location Intelligence
    Property ID
    US18-3971902
    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

    • WILLIAM STEPHEN MAIORANO / Physician
    • Red castle smoke shop / (Bike/Boat/Book/etc) Store
    • Dr. Hector Briceno / Dental Office
    • PHO SKY BLOSSOM - Bistro & Bar / Restaurant
    • CHUNFENG MA / Physician

    Property Details for 1700 West Sand Lake Rd

    Year built
    2004
    Lot size
    23.79 lot acres
    Property size
    35,600 SF
    Zone code
    P-D
    Property type
    Community centers
    APN
    34-23-29-7268-00-500
    APU
    342329726800500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $12,310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,485,000
      6.5%
      $11,525,000
      7%
      $10,700,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $15,255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4035
    Latitude
    28.4486
    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
    $342,464
    $11,179,243
    $10,117,364
    $21,296,607
    -
    $11,179,243
    $10,117,364
    $21,296,607

    Comparable in this City

    • Value Estimation
      $3,445,000
      56,860 SF

      730 Sand Lk Rd

      MINI-MALL • 56,860 SF
      730 Sand Lk Rd, Orlando, FL 32809-7750
      View Details
    • Value Estimation by Request
      265,376 SF

      7801 Orange Blossom Trl

      Community centers • 265,376 SF
      7801 Orange Blossom Trl, Orlando, FL 32809
      View Details
    • Value Estimation
      $730,000
      17,035 SF

      700 Sand Lk Rd

      MINI-MALL • 17,035 SF
      700 Sand Lk Rd, Orlando, FL 32809
      View Details
    • Value Estimation
      $4,025,000
      39,470 SF

      7609 Orange Blossom Trl

      MINI-MALL • 39,470 SF
      7609 Orange Blossom Trl, Orlando, FL 32809-6903
      View Details
    • Value Estimation by Request
      312 SF

      8421 Orlando St

      Lifestyle centers • 312 SF
      8421 Orlando St, Orlando, FL 32809
      View Details
    • Value Estimation by Request
      661,910 SF

      8001 Orange Blossom Trl

      REGIONAL SHOPPING CENTER, MALL • 661,910 SF
      8001 Orange Blossom Trl, Orlando, FL 32809-7654
      View Details

    Similar Nearby for Sale

    • $3,200,000
      0.81 Acres

      Orlando Multi-Tenant Retail Complex

      High-traffic location, strong NOI, excellent investment.
      827 Lancaster Rd, Orlando, FL 32809
      View Details
    • $1,495,000
      850 SF

      Orlando Jiffy Lube Investment

      High-growth, NNN-leased Jiffy Lube.
      6034 Orange Blossom Trl, Orlando, FL 32809
      View Details
    • Contact for pricing
      5,632 SF

      Retail Space Available For Sale

      Retail space for sale at 2293 W Sand Lake Rd.
      2293 W Sand Lake Rd, Orlando, FL 32809
      View Details
    • $3,000,000
      5,984 SF

      Profitable Orlando Commercial Property For Sale

      Income-producing commercial property with diverse revenue streams in a high-traffic location.
      827 W Lancaster Rd, Orlando, FL 32809
      View Details
    • $1,000,000
      5,814 SF

      Versatile Flex Building on Orange

      Fully air-conditioned flex/retail building in a high-traffic location.
      5515 S Orange Ave, Orlando, FL 32809
      View Details
    • $1,500,000
      2,251 SF

      Versatile Mixed-Use Property Near Airport

      C-1 zoned property suitable for live/work or investment.
      8027 S Orange Ave, Orlando, FL 32809
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      265,376 SF

      Skyview Plaza: Orlando Retail Center

      Prime Orlando retail space, multiple suites available.
      7801 Orange Blossom Trl, Orlando, FL 32809
      View Details
    • Contact for pricing
      4,442 SF

      Retail Space Near Florida Mall

      Retail space available in high-traffic Orlando location.
      7855-7935 S Orange Blossom Trl, Orlando, FL 32809
      View Details
    • $27 SF/Yr
      183,877 SF

      Orlando Retail Space For Lease

      Prime Orlando commercial property with high visibility and ample parking.
      1700 West Sand Lake Rd, Orlando, FL 32809
      View Details
    • Contact for pricing
      158,400 SF

      Prime Retail Space Near Florida Mall

      158,400 SF retail space adjacent to super-regional Florida Mall.
      8001 S Orange Blossom Trl, Orlando, FL 32809
      View Details
    • Contact for pricing
      2,604 SF

      Retail Space in Shoppes of Southland

      Retail spaces available in a busy Orlando shopping center.
      7400 Southland Blvd, Orlando, FL 32809
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Florida Mall

      Retail space with high visibility near a major shopping destination.
      8204 Crystal Clear Ln, Orlando, FL 32809
      View Details

    Property Visit Statistics

    • Visits by month
      13.5k
    • Visitors by month
      10.8k
    • Avg Time on site
      27 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1700 West Sand Lake Rd, Unit D115-D116
    Orlando, FL 32809
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.