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Property profile & analytics
FOR LEASE
Community centers
1700 West Sand Lake Rd D115-D116 Orlando, FL 32809
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3971902
For Lease
1 / 17
$27.60 SF/Yr
1700 West Sand Lake Rd,Unit D115-D116, Orlando, FL 32809
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Total area
35,600 SF
Lot
23.79 ac (1,036,463 SF)
Zoning code
P-D
APN
34-23-29-7268-00-500
UPID
US18-3971902
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.31M
CAP Approach
CAP
$11.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.53M
Owner & transaction history
Corelando Square LLC · 3 yrs held
Corelando Square LLC
since 2023
Last sale
$25.1M
5 recorded transactions
Zoning & alternative use
P-D · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.3M
+536.4%
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
$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
Change: +536% · Conversion: Moderate
Blend value · Realmo final
$18.53M
Range $16.67M – $20.38M · ±10% · vs last sale $25.10M (Jun 14 2023)
Last sale anchor
$25.10M
Jun 14 2023
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
$520 / 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
$342,464
Tax year 2023
Assessed value
$21,296,607
Assessed 2023
Previous assessed
$21,227,320
+0.3% YoY
Effective rate
1.61%
On assessed value
Assessed land
$11,179,243
Assessed improvement
$10,117,364
Land market value
$11,179,243
Improvement market value
$10,117,364
Total market value
$21,296,607
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2004
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
6
Rooms
62
Total area
35,600 SF
Lot
23.79 ac (1,036,463 SF)
Zoning code
P-D
APN
34-23-29-7268-00-500
UPID
US18-3971902
Jurisdiction
ORANGE
Zoning & alternative use
P-D · Orlando, FL
Zoning P-D · permitted uses
P-D · 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
OFFICE BUILDING
Est. value
$15.3M
OFFICE BUILDING
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
6
Rooms
62
Lot
23.79 ac
Current owner
From public records · entity-resolved
Corelando Square LLC
Entity
Mailing address
2750 CORAL WAY STE #200, MIAMI, FL 33145-3200
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
$25,100,000
Corelando Square LLC
Agre Orlando Square Owner LLC
Special Warranty Deed
$14,000,000 · South State Bank NA
Apr 8, 2019
$17,500,000
Agre Orlando Square Owner LLC
Mskp Orlando Square LLC
Grant Deed
—
Jan 31, 2007
$49,919,600
Mskp Orlando Square LLC
Sand Lake Obt LLC
Grant Deed
—
Jan 31, 2007
—
Mskp Orlando Square LLC
Sand Lake Obt LLC
Quit Claim Deed
related
—
—
—
Msk River Bridge LLC
—
Deed Of Trust
related
$223,400,000 · Us Bank NA Series 2007-6 (ce)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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