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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    236 Pasadena Pl Orlando, FL 32803-3828

    • Investment properties
    • 2,514 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    7.6%
    Investment properties
    Location Intelligence
    Property ID
    US18-4333114
    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

    • Priscilla McGuire, LCSW / Foster Care Service / Social Service Agency
    • Hollingswor Elizabeth R / Crisis Center / Medical Clinic
    • Coyle & Caron / Landscaping / (Bike/Boat/Book/etc) Store
    • C.O.P.E. Counseling & Family Services / Counselor
    • Ustler Craig / Real Estate Agency

    Property Details for 236 Pasadena Pl

    Year built
    1954
    Lot size
    0.37 lot acres
    Property size
    2,514 SF
    Zone code
    MXD-2/T
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    23-22-29-1300-00-730
    APU
    232229130000730

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $555,000
      6.5%
      $510,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $736,000
      Market price range: $453k - $737k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $830,000
      Current use
      AUTO REPAIR, GARAGE
      $840,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $785,000
      Change: -5% Conversion: Easy
      RETAIL STORES
      $680,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.374
    Latitude
    28.5573
    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
    $16,672
    $406,952
    $491,036
    $897,988
    -
    $406,952
    $491,036
    $897,988

    Comparable in this City

    • Value Estimation
      $705,000
      2,204 SF

      341 Mls Ave

      STORE/OFFICE (MIXED USE) • 2,204 SF
      341 Mls Ave, Orlando, FL 32803-5733
      View Details
    • Value Estimation by Request
      1,314 SF

      32 Bumby Ave

      STORE/OFFICE (MIXED USE) • 1,314 SF
      32 Bumby Ave, Orlando, FL 32803-6271
      View Details
    • Value Estimation
      $705,000
      2,758 SF

      2905 Corrine Dr

      STORE/OFFICE (MIXED USE) • 2,758 SF
      2905 Corrine Dr, Orlando, FL 32803-2227
      View Details
    • Value Estimation
      $825,000
      1,232 SF

      1517 Hillcrest St

      STORE/OFFICE (MIXED USE) • 1,232 SF
      1517 Hillcrest St, Orlando, FL 32803-4710
      View Details
    • Value Estimation
      $1,650,000
      1,171 SF

      1322 Mls Ave

      STORE/OFFICE (MIXED USE) • 1,171 SF
      1322 Mls Ave, Orlando, FL 32803-2543
      View Details
    • Value Estimation by Request
      1,607 SF

      1212 Ridgewood St

      STORE/OFFICE (MIXED USE) • 1,607 SF
      1212 Ridgewood St, Orlando, FL 32803-5447
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spacious Lot in Audubon Park

      Large lot near shops, restaurants, and zoned for great schools.
      2312 Corrine Dr, Orlando, FL 32803
      View Details
    • $600,000
      1,098 SF

      Versatile Mixed-Use Property in Orlando

      Flexible commercial space near Semoran Blvd and Colonial Drive.
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      2,379 SF

      Mills 50 District Office Building

      Mixed-use office building in the Mills 50 District.
      802 E Colonial Dr, Orlando, FL 32803
      View Details
    • $750,000
      Pending

      Mixed-Use Property in Colonialtown/Milk District

      Mixed-use property in a desirable location with ample parking.
      2311 Mount Vernon St, Orlando, FL 32803
      View Details
    • $950,000
      2,346 SF

      Orlando Triplex with Income Potential

      Triplex in Milk District with business potential and income.
      202 S Bumby Ave, Orlando, FL 32803
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    Similar Nearby for Lease

    • Contact for pricing
      6,700 SF

      Downtown Orlando Office Space

      Office space in mixed-use building with panoramic views.
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      View Details
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      1,118 SF

      Orlando Central Office Space Available

      Office space for rent near Downtown Orlando, Baldwin Park.
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      1,800 SF

      UnionWest Endcap Unit with Patio

      Prime retail space in a vibrant downtown Orlando community.
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      13,593 SF

      Office Space Near Downtown Orlando

      Office space for rent near Downtown, Baldwin Park, Winter Park.
      988 Woodcock Rd, Orlando, FL 32803
      View Details
    • Contact for pricing
      8,971 SF

      Office Space Near Downtown Orlando

      Office space for rent near Downtown, Baldwin Park, Winter Park.
      3319 Maguire Blvd, Orlando, FL 32803
      View Details
    • Contact for pricing
      16,238 SF

      Orlando Central Center Office Space

      Office space for rent near Downtown, Baldwin Park, Winter Park.
      3535 Lawton Rd, Orlando, FL 32803
      View Details
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    236 Pasadena Pl
    Orlando, FL 32803-3828
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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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