Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2216 Kirkman Rd Orlando, FL 32811-2308

    • Retail space
    • 12,288 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    $2,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4949032
    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

    • Hibbett Sports / Clothing & Fashion Store
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 2216 Kirkman Rd

    Year built
    2001
    Lot size
    1.31 lot acres
    Property size
    12,288 SF
    Zone code
    AC-2
    Property type
    Retail space
    APN
    01-23-28-5666-00-040
    APU
    12328566600040

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,714,000
      Market price range: $600k - $2.42M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,125,000
      Current use
      AUTO REPAIR, GARAGE
      $4,100,000
      Change: +31% Conversion: Difficult
      OFFICE BUILDING
      $3,890,000
      Change: +25% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,690,000
      Change: +18% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,880,000
      Change: -8% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,840,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4599
    Latitude
    28.5171
    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
    $48,966
    $921,310
    $1,688,694
    $2,610,004
    -
    $921,310
    $1,688,694
    $2,610,004

    Comparable in this City

    • Value Estimation by Request
      7,950 SF

      5233 Old Winter Gdn Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,950 SF
      5233 Old Winter Gdn Rd, Orlando, FL 32811-1584
      View Details
    • Value Estimation
      $750,000
      720 SF

      4831 Old Winter Gdn Rd

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      4831 Old Winter Gdn Rd, Orlando, FL 32811-1601
      View Details
    • Value Estimation
      $710,000
      4,431 SF

      5220 Old Winter Gdn Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,431 SF
      5220 Old Winter Gdn Rd, Orlando, FL 32811-1519
      View Details
    • Value Estimation
      $875,000
      5,900 SF

      54 Kirkman Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,900 SF
      54 Kirkman Rd, Orlando, FL 32811-1472
      View Details
    • Value Estimation by Request
      500 SF

      4286 Columbia St

      RETAIL STORES (PERSONAL SERVICES) • 500 SF
      4286 Columbia St, Orlando, FL 32811-4633
      View Details
    • Value Estimation by Request
      2,566 SF

      505 Ivey Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,566 SF
      505 Ivey Ln, Orlando, FL 32811-4550
      View Details

    Similar Nearby for Sale

    • $3,000,000
      Pending

      Commercial Assemblage on N Kirkman

      Three-lot commercial assemblage with existing daycare business for sale.
      217 N Kirkman Rd, Orlando, FL 32811
      View Details
    • $1,450,000
      9,040 SF

      Metrowest Retail Center - Orlando

      Prime Retail Investment Opportunity: 9,040 SF, High Traffic
      5641 Raleigh St, Orlando, FL 32811
      View Details
    • $1,599,000

      C3 Zoned Building on Corner

      Stand-alone building on 0.66 acres with high visibility.
      4301 Old Winter Garden Rd, Orlando, FL 32811
      View Details
    • $195,000
      2,655 SF

      Two Buildings on Corner Lot

      Two buildings, commercial and residential, on a corner lot.
      900 S Ivey Ln, Orlando, FL 32811
      View Details
    • $395,000
      1.88 Acres

      Spacious Lakefront Lot in Orlando

      1.88-acre lakefront lot near Downtown Orlando with no HOA.
      223 S Ortman Dr, Orlando, FL 32811
      View Details
    • Contact for pricing
      10,500 SF

      Orlando Industrial Building on 1.11 Acres

      Single-tenant 10,500 SF industrial building in Orlando, Florida.
      4317 35Th St, 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
      4,000 SF

      Restaurant Space in Orlando Center

      3,395 SF restaurant space available in Orlando, Florida.
      4732 S Kirkman Rd E, Orlando, FL 32811
      View Details
    • Contact for pricing
      29,710 SF

      Beacon Pointe Retail/Office Space

      Orlando Retail & Office Opportunity
      801 Kirkman Rd, Orlando, FL 32811
      View Details
    • Contact for pricing
      7,000 SF

      Orlando Retail Outparcel Opportunity

      7,000 SF Retail Space, Ample Parking
      5641 Raleigh St, Orlando, FL 32811
      View Details
    • Contact for pricing
      25,200 SF

      Orlando Manufacturing Space Available

      25,200 SF Industrial Space in Orlando
      3415 Bartlett Blvd, Orlando, FL 32811
      View Details
    • Contact for pricing
      13,275 SF

      Orlando Flex/Industrial Space Available

      Flex/Industrial space available for lease in Orlando, Florida.
      4549 L B Mcleod Rd, Orlando, FL 32811
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2216 Kirkman Rd
    Orlando, FL 32811-2308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!