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Property profile & analytics
OFF-MARKET
Estimated value
$58,345,000
Office buildings
2415 Orange Ave Orlando, FL 32804-5505
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-6122093
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2010
Total area
153,319 SF
Lot
0.99 ac (43,108 SF)
Zoning code
PD/T
APN
13-22-29-3465-01-000
UPID
US18-6122093
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
-
AdventHealth Nicholson Center at Health Village Medical Group
-
Amy Metivier, APRN Physician
-
AdventHealth Medical Group Blood & Marrow Transplant at Orlando Medical Group Surgical Center
-
AdventHealth Medical Group Transplant at Orlando Medical Group
-
Rushang Patel, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.99M
Comparable Approach
Comparable
$68.34M
Blend (final)
Blend
$58.35M
Owner & transaction history
State Of Fl Dept & Transportation · 14 yrs held
State Of Fl Dept & Transportation
since 2011
1 recorded transaction
Zoning & alternative use
PD/T · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$75.8M
+57.8%
Auto repair, garage
$51.1M
+6.5%
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%
$50,900,000
6.5%
$46,985,000
7%
$43,630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$48,025,000
Current use
RESTAURANT
$75,785,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$51,135,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$42,280,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$58.35M
Range $52.51M – $64.18M · ±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
$381 / 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
$88,775
Tax year 2023
Assessed value
$56,166,112
Assessed 2023
Previous assessed
$63,161,186
-11.1% YoY
Effective rate
0.16%
On assessed value
Assessed land
$1,208,742
Assessed improvement
$54,957,370
Land market value
$1,208,742
Improvement market value
$54,957,370
Total market value
$56,166,112
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Stories
7
Rooms
218
Total area
153,319 SF
Lot
0.99 ac (43,108 SF)
Zoning code
PD/T
APN
13-22-29-3465-01-000
UPID
US18-6122093
Jurisdiction
ORANGE
Zoning & alternative use
PD/T · Orlando, FL
Zoning PD/T · permitted uses
PD/T · 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
OFFICE BUILDING Current
Est. value
$48.0M
RESTAURANT
Est. value
$75.8M
AUTO REPAIR, GARAGE
Est. value
$51.1M
COMMERCIAL (GENERAL)
Est. value
$42.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
7
Rooms
218
Lot
0.99 ac
Current owner
From public records · entity-resolved
State Of Fl Dept & Transportation
Entity
Free & Clear · 14 yrs held
Mailing address
601 E ROLLINS ST, ORLANDO, FL 32803-1248
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2011
—
State Of Fl Dept & Transportation
Adventist Health System Of Sunbel
Grant Deed
related
—
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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