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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
High-rise multifamily apartments
20 Lucerne Cir Orlando, FL 32801-3715
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US18-5920255
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1961
Total area
201,177 SF
Lot
3.03 ac (131,912 SF)
Zoning code
MXD-2/T/AN
APN
35-22-29-8284-00-010
UPID
US18-5920255
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
-
Lake Lucerne Towers Real Estate Agency
-
Appraiser Real Estate Agency
-
FSEDM - Full Sail's Electronic Dance Music Organization Theater & Performing Art Venue
-
Event Bliss Marketing & Advertising Event Planning
-
Integrity Home Solution General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.68M
Blend (final)
Blend
$4.29M
Owner & transaction history
Lake Lucerne Towers LLC · 27 yrs held
Lake Lucerne Towers LLC
since 1998
5 recorded transactions
Zoning & alternative use
MXD-2/T/AN · 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
$2,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10%
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
$21 / 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
$275,513
Tax year 2023
Assessed value
$14,913,310
Assessed 2023
Previous assessed
$14,280,702
+4.4% YoY
Effective rate
1.85%
On assessed value
Assessed land
$5,604,900
Assessed improvement
$9,308,410
Land market value
$5,604,900
Improvement market value
$9,308,410
Total market value
$14,913,310
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Cooling
CENTRAL
Stories
9
Units
157
Rooms
99
Bathrooms
260
Total area
201,177 SF
Lot
3.03 ac (131,912 SF)
Zoning code
MXD-2/T/AN
APN
35-22-29-8284-00-010
UPID
US18-5920255
Jurisdiction
ORANGE
Zoning & alternative use
MXD-2/T/AN · Orlando, FL
Zoning MXD-2/T/AN · permitted uses
MXD-2/T/AN · 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.
Building & site characteristics
From public records
Year built
1961
Heating
FORCED AIR
Cooling
Yes
Stories
9
Units
157
Rooms
99
Bathrooms
260
Lot
3.03 ac
Current owner
From public records · entity-resolved
Lake Lucerne Towers LLC
Entity
Mailing address
20 W LUCERNE CIR OFC, ORLANDO, FL 32801-3715
Ownership since
1998
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
Sep 22, 2022
—
Lake Lucerne Towers LLC
—
Deed
related
$3,130,000 · Pgim Real Estate Agency Financing LLC
Dec 27, 2017
—
Lake Lucerne Towers LLC
—
Deed
related
$14,250,000 · Prudential Affordable Mtg
Nov 9, 1998
$6,700,000
Lake Lucerne Towers LLC
Wetenhall,robert C
Grant Deed
$5,000,000 · Amresco Capital LP
—
—
Lake Lucerne Towers LLC
—
Loan Modification
related
$14,250,000 · Prudential Affordable Mtg
—
—
Lake Lucerne Towers LLC
—
Deed Of Trust
related
$1,250,000 · Mercantile Bank
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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