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    Property profile & analytics

    1858 Alafaya Trl Orlando, FL 32826

    • Office Properties & Spaces
    • 3,445 SF
    • 0.10 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5179014
    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

    • Nicola Myco: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency
    • Dino Fernandez / Speech Pathologist
    • Mike & Joyce Dowd, Florida Realty Investments / Real Estate Agency
    • Credit Repair / Credit Reporting Agency
    • Self Storage / Self-Storage Facility

    Property Details for 1858 Alafaya Trl

    Year built
    2005
    Lot size
    0.10 lot acres
    Property size
    3,445 SF
    Zone code
    P-O
    Property type
    Office Properties & Spaces
    APN
    15-22-31-0110-00-030
    APU
    152231011000030

    Description

    This exceptional executive office suite, located at 1858 N Alafaya Trail in Orlando, Florida 32826, presents a rare leasing opportunity. Part of a single-story, 3,445 square foot Class B office building constructed in 2005, this suite offers 250 square feet of move-in ready space. The building features a multi-tenant occupancy. Currently, only one suite remains available for lease. The property boasts a highly desirable location, situated within two miles of the UCF Research Park, ensuring high traffic and convenient access to the Research Quadrangle area. This is an ideal space for a small business or individual professional seeking a prestigious and easily accessible office location. The property's convenient location and the availability of only one remaining suite make this a truly unique opportunity. The building is classified as both Executive Office and Traditional Office space, offering a versatile environment. Don't miss this chance to secure a prime office space in a thriving Orlando business district. The total building size is 3,445 square feet, with only 185 square feet currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,090,000
      Current use
      COMMERCIAL (GENERAL)
      $1,035,000
      Change: -5% Conversion: Easy
      RETAIL STORES
      $875,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.2088
    Latitude
    28.5706
    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
    $9,585
    $124,020
    $496,080
    $620,100
    -
    $124,020
    $496,080
    $620,100

    Comparable in this City

    • Value Estimation
      $880,000
      672 SF

      14410 Colonial Dr

      OFFICE (GENERAL) • 672 SF
      14410 Colonial Dr, Orlando, FL 32826-5118
      View Details
    • Value Estimation
      $525,000
      2,500 SF

      1850 Alafaya Trl Ste 1a

      CONDOMINIUM OFFICES • 2,500 SF
      1850 Alafaya Trl Ste 1a, Orlando, FL 32826-4753
      View Details
    • Value Estimation
      $1,135,000
      4,300 SF

      1842 Alafaya Trl, Unit 2

      CONDOMINIUM OFFICES • 4,300 SF
      1842 Alafaya Trl, Orlando, FL 32826-4744
      View Details
    • Value Estimation
      $665,000
      3,200 SF

      1826 Alafaya Trl, Unit 4

      CONDOMINIUM OFFICES • 3,200 SF
      1826 Alafaya Trl, Orlando, FL 32826-4703
      View Details
    • Value Estimation
      $525,000
      2,500 SF

      1850 Alafaya Trl1b

      CONDOMINIUM OFFICES • 2,500 SF
      1850 Alafaya Trl1b, Orlando, FL 32826-4745
      View Details
    • Value Estimation by Request
      1,296 SF

      14390 Colonial Dr

      OFFICE (GENERAL) • 1,296 SF
      14390 Colonial Dr, Orlando, FL 32826
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,445 SF

      Orlando Executive Office Building

      High-Demand, 100% Leased Office
      1858 Alafaya Trl, Orlando, FL 32826
      View Details
    • $3,400,000

      Land For Sale Orlando

      Land available for sale on Technology Pkwy, Orlando, FL.
      Technology Pkwy, Orlando, FL 32826
      View Details
    • $5,000,000

      Commercial Land Available

      Commercial land for sale.
      1802 N Alafaya Trl, Orlando, FL 32826
      View Details
    • $183,000
      Pending

      Residential Land in Prime Location

      Nearly half-acre lot with utilities, tear-down home, great location.
      14047 Lake Price Dr, Orlando, FL 32826
      View Details
    • $2,500,000
      3,610 SF

      Corner Lot Auto Facility

      Auto sales and repair facility on a corner lot.
      14445 E Colonial Dr, Orlando, FL 32826
      View Details
    • $3,500,000
      13 SF

      Central Florida Research Park Land

      13.3 acres in Central Florida Research Park near UCF.
      12101 Research Pkwy, Orlando, FL 32826
      View Details

    Similar Nearby for Lease

    • $318 /Mo
      75,997 SF

      Orlando Office Space for Lease

      Class A Office, Sublease Available, 75,997 SF
      12802 Science Dr, Orlando, FL 32826
      View Details
    • Contact for pricing
      3,445 SF

      Prime Orlando Executive Office Suite

      One Suite Left! Exceptional Location.
      1858 Alafaya Trl, Orlando, FL 32826
      View Details
    • $30 SF/Yr
      8,073 SF

      Colonial Orlando Office Space For Lease

      Executive Office Suite, 1,600 SF Available
      12278 Colonial Dr, Orlando, FL 32826
      View Details
    • $30 SF/Yr
      360,000 SF

      Discovery Point Office Space

      Class A Office Suites, Central Florida
      2300 Discovery Dr, Orlando, FL 32826
      View Details
    • Contact for pricing
      7,821 SF

      Central Florida Research Park Flex

      55,105 SF property in Central Florida Research Park.
      2721 Discovery Dr, Orlando, FL 32826
      View Details
    • $18 SF/Yr
      5,526 SF

      Office Space for Lease

      5,526 SF office space available for rent.
      12600 Challenger Pkwy, Orlando, FL 32826
      View Details
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    Orlando, FL 32826
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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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