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    209 S Klondike Ave Orlando, FL 32811
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    Property profile & analytics

    209 S Klondike Ave Orlando, FL 32811

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    • Residential land & home lots
    Off-Market
    Property ID
    US18-1813479
    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

    • Residential land & home lots

    Property Details for 209 S Klondike Ave

    Property type
    Residential land & home lots

    Description

    Attention Multifamily developers & builders looking for a site in Orlando, FL! This is a fantastic opportunity to acquire 4.64 acres of prime residential development land in Orlando, located in a quiet neighborhood just steps away from the Shri Lakshmi Narayn Mandir Temple. This property offers the potential for R4 zoning conversion, allowing for the construction of up to 48-50 townhomes or maintaining R4 zoning for 4 single-family homes per acre. The survey is already attached for your convenience. Don't miss out on this chance to capitalize on the growing demand for housing in a peaceful and promising location

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.4428613
    Latitude
    28.5394565

    Comparable in this City

    • $87,500
      0.14 Acres

      Residential Land in Growing Area

      Land with permits and plans in a growing Orlando area.
      25 S Mckinley Ave, Orlando, FL 32811
      View Details
    • $69,500
      0.19 Acres

      Corner Lot Development Opportunity

      Vacant corner lot with commercial zoning in Orlando, Florida.
      802 S Ivey Ln, Orlando, FL 32811
      View Details
    • $395,000

      Lakefront Lot in Orlando

      1.88-acre lakefront lot near Downtown Orlando with no HOA.
      223 South Ortman Dr, Orlando, FL 32811
      View Details
    • $325,000
      0.31 Acres

      Orlando Mixed-Use Redevelopment Opportunity

      Land with residential structures, potential for industrial rezoning.
      434 Ring Rd, Orlando, FL 32811
      View Details

    Similar Nearby for Sale

    • $87,500
      0.14 Acres

      Residential Land in Growing Area

      Land with permits and plans in a growing Orlando area.
      25 S Mckinley Ave, Orlando, FL 32811
      View Details
    • $99,000

      Commercial Land Parcel For Sale

      Commercial land available in growing area with utilities.
      770 S Ivey Ln, Orlando, FL 32811
      View Details
    • $325,000
      0.31 Acres

      Orlando Mixed-Use Redevelopment Opportunity

      Land with residential structures, potential for industrial rezoning.
      434 Ring Rd, Orlando, FL 32811
      View Details
    • Contact for pricing

      Orlando Land For Sale

      Land available for sale in Orlando, Florida.
      3415 Bartlett Blvd, Orlando, FL 32811
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      3,467 SF

      Orlando Retail Space For Lease

      High-traffic Walmart Plaza location.
      2252 S. Kirkman Rd, Orlando, FL 32811
      View Details
    • Contact for pricing

      Flex Space with Office/Warehouse

      2,500 SF flex space with office and warehouse components.
      4629 36Th St, Orlando, FL 32811
      View Details
    • Contact for pricing

      Office/Warehouse Distribution Location

      Office and warehouse spaces near major transportation routes.
      4653-4677 L.b. Mcleod Rd, Orlando, FL 32811
      View Details
    • Contact for pricing
      13,275 SF

      Orlando Flex Space For Rent

      Flex space with excellent access to major Orlando roadways.
      4560 L B Mcleod Rd, Orlando, FL 32811
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Space in 33rd Street

      Multi-tenant industrial building in 33rd Street Industrial Park.
      4520-4564 36Th St, Orlando, FL 32811
      View Details
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    Orlando, FL 32811
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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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