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    2000 N Orange Ave Orlando, FL 32804
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    Property profile & analytics

    2000 N Orange Ave, Orlando, FL 32804

    View on Map
    • Bars & Pubs
    • 29,586 SF
    • 0.42 lot acres
    For Sale
    $15,500,000
    View Listing →
    Prime Location on Orange Avenue For Sale
    $15,500,000
    29,381 SF

    Prime Location on Orange Avenue

    Three buildings with frontage on Orange Avenue, renovated in 2017/2022.

    2000 N Orange Ave, Orlando, FL
    View Listing
    Property ID
    US18-1197955
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aviators Sky Club / Nightclub / Music Venue
    • Dunkin' / Bakery / Discount Store
    • radioshack / Bakery / Specialty Food Shop
    • Medical Villages / Medical Clinic
    • American Retirement Communities / Construction Company / General Contractor

    Property Details for 2000 N Orange Ave

    Year built
    1996
    Lot size
    0.42 lot acres
    Zone code
    AC-2/T
    Property type
    Bars & Pubs
    APN
    13-22-29-7724-03-160
    APU
    132229772403160

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 7, 2019 — Headquarters Investments LLC — Grant Deed · related $7M · Miscellaneous Ins Co
    Jul 16, 2015 $1,200,000 Headquarters Investments LLC Prime Kurtell Properties LLC Grant Deed —
    Feb 21, 2002 $3,500,000 Kurtell Properties LLC 2000 Orange Ave Ltd Grant Deed $2.8M · Colonial Bank
    — — Headquarters Investments LLC — Deed Of Trust · related $4.5M · Centennial Bk
    — — Headquarters Investments LLC — Deed Of Trust · related $2.5M · Centennial Bk

    Description

    This exceptional investment opportunity encompasses five buildings totaling 48,285 square feet on a 1.12-acre lot in Orlando's vibrant downtown core, situated at 2000, 2008, and 2010 North Orange Avenue, with additional addresses at 321 East Yale Street and 316 East Harvard Street. Currently operating at 20% occupancy, this multi-tenant property offers significant upside potential. The complex features a unique restaurant/event center adaptable for various uses, including corporate, meeting, training facilities, or retail. Major renovations were completed in 2017 and 2022. The property boasts prominent Orange Avenue frontage, offering exceptional visibility and accessibility. Zoned MU-2/T/SP (Mixed Use District City Traditional Specially Planned Overlay District), it allows for a 1.0 FAR and future building heights up to 100 feet (10 stories). The asking price is $15,500,000 ($321.01/sq ft). Individual buildings are also available for sale or lease. This prime location offers easy access to major roadways, including I-4, SR 50 (Colonial Drive), and US Hwy 17-92, placing it within the heart of "Health Village." The property's APN numbers are: 13-22-29-7724-03-160

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,105,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,042,000
      Market price range: $1.33M - $4.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3731
    Latitude
    28.5698
    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
    $58,455
    $491,203
    $3,281,035
    $3,772,238
    -
    $491,203
    $3,281,035
    $3,772,238

    Comparable in this City

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      19,008 SF

      801 John Young Pkwy

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      View Details
    • Value Estimation
      $1,595,000
      828 SF

      1407 Orange Ave

      RESTAURANT
      1407 Orange Ave, Orlando, FL 32804-6410
      View Details
    • Value Estimation by Request
      2,260 SF

      2817 Edgewater Dr

      RESTAURANT
      2817 Edgewater Dr, Orlando, FL 32804-4411
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    • Value Estimation
      $540,000
      2,166 SF

      2107 Colonial Dr

      RESTAURANT
      2107 Colonial Dr, Orlando, FL 32804-6909
      View Details
    • Value Estimation by Request
      2,786 SF

      810 Colonial Dr

      RESTAURANT
      810 Colonial Dr, Orlando, FL 32804-7312
      View Details
    • Value Estimation by Request
      1,805 SF

      4439 Edgewater Dr

      RESTAURANT
      4439 Edgewater Dr, Orlando, FL 32804-1229
      View Details

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      10,750 SF

      Warehouse and Bakery Machinery Business

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      Orlando Retail Space For Sale

      Retail property in a centrally located commercial plaza.
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      945 SF

      Orlando Gas Station and Store

      Newly renovated gas station and convenience store on major thoroughfare.
      1916 W Colonial Dr, Orlando, FL 32804
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      Pending

      Warehouse and Bakery Machinery Business

      Warehouse and bakery machinery business for sale on 1.14 acres.
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      3,200 SF

      Freestanding Retail Site For Sale

      Freestanding retail building with corner access and pylon signage.
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    Similar Nearby for Lease

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      9,867 SF

      Prime Retail/Office Space Available

      Retail/office space in College Park neighborhood with high visibility.
      3806 Edgewater Dr, Orlando, FL 32804
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    • Contact for pricing
      1,500 SF

      Ivanhoe Village Restaurant Space Available

      Second generation restaurant space in prime Orlando location.
      1829-1915 N Orange Ave, Orlando, FL 32804
      View Details
    • Contact for pricing

      Edgewater Drive QSR Ready Space

      Drive-thru ready restaurant space in Orlando's College Park neighborhood.
      3009 Edgewater Dr, Orlando, FL 32804
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 6,116 square feet.
      929 W Colonial Dr, Orlando, FL 32804
      View Details
    • $43,890
      1,995 SF

      Retail Space on Fairbanks Avenue

      Retail space available for lease on Fairbanks Avenue.
      1201 W Fairbanks Ave, Orlando, FL 32804
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    • $35 SF/Yr

      Prime Retail on Edgewater Drive

      Retail space with high visibility in College Park.
      2300 Edgewater Dr, Orlando, FL 32804
      View Details
    View Listing
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    2000 N Orange Ave
    Orlando, FL 32804
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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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