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Property profile & analytics
FOR LEASE
Investment properties
236 S Lucerne Cir E Orlando, FL 32801
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3745592
For Lease
1 / 7
Contact for pricing
236 S Lucerne Cir E, Orlando, FL 32801
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Property summary
AI-generated overview
This exceptional Orlando office property, located at 236 S Lucerne Cir E, 32801, offers a unique blend of historical charm and modern functionality. Built in 1916 and extensively renovated in 2024, this two-building, two-story complex provides diverse office solutions. The property features traditional, creative, executive, and coworking spaces, catering to a variety of business needs and tenancy types (multiple). Its O-1 zoning ensures flexibility for various office uses. Enjoy stunning downtown Orlando skyline views from this Class B building situated near Delany Avenue. While elevators are not available, the property's design and layout are easily accessible. The location offers a peaceful, picturesque setting by Lake Lucerne, providing a tranquil work environment just minutes from the city's vibrant core. This space is designed to foster collaboration and connection, ideal for professionals seeking a prime location with historical character. The property is perfect for businesses seeking virtual offices, coworking memberships, weekly desk rentals, or private office options.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1918
Total area
5,974 SF
Lot
0.71 ac (31,015 SF)
Zoning code
O-1/T/HP/AN
APN
36-22-29-9484-01-010
UPID
US18-3745592
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
-
Keys Claims Consultants, LLC Financial Advisor
-
Kim M Adams PLLC Law Firm
-
J Ross Davis Pa Law Firm
-
Cody Palmer Real Estate Real Estate Agency
-
Law Offices of Jeffrey D. Starker, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$2.35M
Owner & transaction history
The Woodroof House LLC · 2 yrs held
The Woodroof House LLC
since 2024
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
O-1/T/HP/AN · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Low Intensity Office Residential Traditional City Historic Preservation Aircraft Noise
General category
RESIDENTIAL
Zone area
7.67 ac
Source
Realmo
Top alternative use upside
Restaurant
$3.0M
+39.0%
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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,125,000
Current use
RESTAURANT
$2,955,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,990,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$1,870,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Feb 7 2024)
Last sale anchor
$2.35M
Feb 7 2024
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
$393 / 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
$22,232
Tax year 2023
Assessed value
$1,103,511
Assessed 2023
Previous assessed
$1,103,511
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$748,385
Assessed improvement
$355,126
Land market value
$748,385
Improvement market value
$355,126
Total market value
$1,103,511
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1918
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
27
Total area
5,974 SF
Lot
0.71 ac (31,015 SF)
Zoning code
O-1/T/HP/AN
APN
36-22-29-9484-01-010
UPID
US18-3745592
Jurisdiction
ORANGE
Zoning & alternative use
O-1/T/HP/AN · Orlando, FLZoning O-1/T/HP/AN · permitted uses
O-1/T/HP/AN · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Low Intensity Office Residential Traditional City Historic Preservation Aircraft Noise
General category
RESIDENTIAL
Zone area
7.67 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1918
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
27
Lot
0.71 ac
Current owner
From public records · entity-resolved
The Woodroof House LLC
Entity
Mailing address
236 E LUCERNE CIR, ORLANDO, FL 32801-4403
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
$2,350,000
The Woodroof House LLC
Dan H Honeywell
Warranty Deed
$1,680,000 · Lucerne Office Building Partnership
—
—
Honeywell,dan H Tr
—
Deed Of Trust
related
$375,000 · Wachovia Bank NA
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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