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Property profile & analytics
FOR LEASE
Office buildings
1803 Park Center Dr Orlando, FL 32835
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9257857
For Lease
1 / 28
$22 SF/Yr
1803 Park Center Dr, Orlando, FL 32835
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Property summary
AI-generated overview
This exceptional 22,010 square foot office building, situated on a 1.18-acre lot in Orlando's MetroWest submarket, presents a fantastic opportunity. Built in 1990 and extensively renovated in 2023, this Class B property offers 2,025 square feet of immediately available space, perfect for a single tenant or easily divisible for smaller businesses. The building features a desirable 12-foot ceiling height, adding to its spacious feel. With one elevator servicing two stories, accessibility is ensured. Ample parking is provided with 76 spaces. The property's location at 1803 Park Center Dr, Orlando, FL 32835 (cross street: Park Center Dr), benefits from high visibility and convenient access to Kirkman Rd, a major thoroughfare with approximately 59,000 vehicles passing daily. The surrounding area boasts strong demographics, with over 112,000 residents within a 3-mile radius and projected growth to 117,000, indicating a positive future trend. Numerous retail amenities, including fast food, banking, grocery stores, and fitness centers, are conveniently located nearby, enhancing the property's appeal and supporting a thriving business environment. The property is zoned AC-2 and its APN is 01-23-28-6519-00-020. This is a rare opportunity to secure prime office space in a rapidly growing area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Total area
22,010 SF
Lot
1.18 ac (51,531 SF)
Zoning code
AC-2
APN
01-23-28-6519-00-020
UPID
US18-9257857
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
-
Florida Childrens Center for Gastroenterology: Sanjay Khubchandani MD Medical Clinic
-
Chiromed Injury Center Alternative Medicine Practice
-
Fortis Medical Group Medical Clinic
-
Prevel Christopher D MD FACS Physician Medical Clinic
-
Littleton Concierge Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.80M
CAP Approach
CAP
$6.75M
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$4.71M
Owner & transaction history
Apoli & Javi Realty LLC · 3 yrs held
Apoli & Javi Realty LLC
since 2023
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
AC-2 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Urban Activity Center
General category
UNKNOWN
Zone area
915.42 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$7.3M
+4.0%
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
$4,710,000
ML approach
$4,800,000
CAP Approach
CAP Return
Estimation
6%
$7,305,000
6.5%
$6,745,000
7%
$6,265,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,055,000
Current use
AUTO REPAIR, GARAGE
$7,340,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,605,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$4.71M
Range $4.24M – $5.18M · ±10% · vs last sale $4.88M (Aug 4 2023)
Last sale anchor
$4.88M
Aug 4 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
$214 / 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
$62,416
Tax year 2023
Assessed value
$3,383,452
Assessed 2023
Previous assessed
$3,376,245
+0.2% YoY
Effective rate
1.84%
On assessed value
Assessed land
$433,373
Assessed improvement
$2,950,079
Land market value
$433,373
Improvement market value
$2,950,079
Total market value
$3,383,452
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
For Lease
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
32
Total area
22,010 SF
Lot
1.18 ac (51,531 SF)
Zoning code
AC-2
APN
01-23-28-6519-00-020
UPID
US18-9257857
Jurisdiction
ORANGE
Zoning & alternative use
AC-2 · Orlando, FLZoning AC-2 · permitted uses
AC-2 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Urban Activity Center
General category
UNKNOWN
Zone area
915.42 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$6.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
32
Lot
1.18 ac
Current owner
From public records · entity-resolved
Apoli & Javi Realty LLC
Entity
Mailing address
14788 LONE EAGLE DR, ORLANDO, FL 32837-6945
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
$4,875,000
Apoli & Javi Realty LLC
1803 Park Center Drive LLC
Warranty Deed
—
Jan 14, 2020
$3,500,000
1803 Park Center Drive LLC
Plam Gardens At Metrowest LLC
Warranty Deed
$2,625,000 · Centerstate Bank NA
Nov 30, 2017
—
Palm Gardens At Metrowest LLC
—
Grant Deed
related
$6,000,000 · Metropolitan Prop Ventures LLC
Nov 4, 2016
—
Palm Gardens At Metrowest LLC
—
Deed
related
$2,000,000 · Emerald Crk Cap 2 LLC
Jun 29, 2006
—
Abdul Mathin
—
Trustees Deed
related
$1,500,000 · Park Avenue Properties II LLC
Feb 21, 2005
$3,500,000
Palm Gardens At Metrowest LLC
Park Avenue Properties I LLC
Grant Deed
—
Mar 27, 2001
$3,350,000
Park Avenue Paroperties I LLC
1803 Park Center Drive Bldg
Grant Deed
related
—
—
—
Palm Gardens At Metrowest LLC
—
Deed Of Trust
related
$1,340,000 · Ameritas Life Insurance Corp
—
—
Palm Gardens At Metrowest LLC
—
Deed Of Trust
related
$2,000,000 · Emerald Crk Cap 2 LLC
—
—
1803 Park Center Dr Bldg Ltd
—
Deed Of Trust
related
$200,000 · Amsouth Bank
—
—
Palm Gardens At Metrowest LLC
—
Deed Of Trust
related
$1,350,000 · Pensam Logistics Ptrs III LLC
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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