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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Warehouses
2221 Forsyth Rd Orlando, FL 32807-5371
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4490330
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
22,294 SF
Lot
7.89 ac (343,474 SF)
Zoning code
IND-1/IND-5
APN
14-22-30-0000-00-032
UPID
US18-4490330
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
-
Look Who's Fit Gym & Fitness Center
-
Action Force Baseball Academy Gym & Fitness Center Sports Field & Court
-
RK wholesale Grocery & Convenience Store
-
Delta Van Lines Moving Company
-
Alime Fresh Produce LLC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.00M
Owner & transaction history
Central Canal Co LLC · 20 yrs held
Central Canal Co LLC
since 2006
4 recorded transactions
Zoning & alternative use
IND-1/IND-5 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+4.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,650,000
Current use
COMMERCIAL (GENERAL)
$4,845,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±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
$134 / 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
$44,270
Tax year 2023
Assessed value
$3,483,067
Assessed 2023
Previous assessed
$3,089,396
+12.7% YoY
Effective rate
1.27%
On assessed value
Assessed land
$846,570
Assessed improvement
$2,636,497
Land market value
$846,570
Improvement market value
$2,636,497
Total market value
$3,483,067
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
13
Total area
22,294 SF
Lot
7.89 ac (343,474 SF)
Zoning code
IND-1/IND-5
APN
14-22-30-0000-00-032
UPID
US18-4490330
Jurisdiction
ORANGE
Zoning & alternative use
IND-1/IND-5 · Orlando, FL
Zoning IND-1/IND-5 · permitted uses
IND-1/IND-5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
13
Lot
7.89 ac
Current owner
From public records · entity-resolved
Central Canal Co LLC
Entity
Free & Clear · 20 yrs held
Mailing address
12039 SW 117TH CT, MIAMI, FL 33186-5202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
—
Central Canal Forsyth III Co
—
Deed
related
$1,232,952 · First Nat'l Bk/s Miami
Dec 1, 2017
—
Central Canal Co LLC
—
Loan Modification
related
$12,750,000 · Bankunited Fsb
Jan 19, 2006
$11,170,400
Central Canal Co LLC
Orlando Flexspace Ltd
Grant Deed
—
—
—
Central Canal Forsyth III Co
—
Loan Modification
related
$1,232,952 · First Nat'l Bk/s Miami
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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