Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,210,000
Office buildings
2423 Sand Lk Rd Orlando, FL 32809-7641
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-6084154
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
20,733 SF
Lot
2.19 ac (95,329 SF)
Zoning code
IND-2/IND-3
APN
28-23-29-6360-03-026
UPID
US18-6084154
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
-
Quest Diagnostics Suite B Processing Site Industrial Manufacturer Production Facility
-
Terminix Garden Center
-
Florida Pest Control Landscaping
-
Natacha Smith Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.36M
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$6.21M
Owner & transaction history
Wfi Holdings I LLC · 10 yrs held
Wfi Holdings I LLC
since 2016
3 recorded transactions
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.3M
+60.0%
Commercial (general)
$8.4M
+30.7%
Auto repair, garage
$6.9M
+8.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,885,000
6.5%
$6,355,000
7%
$5,900,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,405,000
Current use
RESTAURANT
$10,250,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,370,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,915,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$6,315,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$6.21M
Range $5.59M – $6.83M · ±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
$300 / 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
$40,729
Tax year 2023
Assessed value
$2,402,631
Assessed 2023
Previous assessed
$2,750,766
-12.7% YoY
Effective rate
1.70%
On assessed value
Assessed land
$667,303
Assessed improvement
$1,735,328
Land market value
$667,303
Improvement market value
$1,735,328
Total market value
$2,402,631
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
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
17
Total area
20,733 SF
Lot
2.19 ac (95,329 SF)
Zoning code
IND-2/IND-3
APN
28-23-29-6360-03-026
UPID
US18-6084154
Jurisdiction
ORANGE
Zoning & alternative use
IND-2/IND-3 · Orlando, FLZoning IND-2/IND-3 · permitted uses
IND-2/IND-3 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.4M
RESTAURANT
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
FORCED AIR
Cooling
Yes
Stories
1
Rooms
17
Lot
2.19 ac
Current owner
From public records · entity-resolved
Wfi Holdings I LLC
Entity
Free & Clear · 10 yrs held
Mailing address
930 TAHOE BLVD #802900, INCLINE VILLAGE, NV 89451-9451
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2016
$2,325,000
Wfi Holdings I LLC
Orlando Office Solutions LLC
Grant Deed
—
Nov 5, 2015
$1,942,500
Orlando Office Solutions LLC
Bre South Pooled Office Owner
Grant Deed
—
Jan 3, 2014
$4,743,900
Elec Cr Equities
Da Sand Lake LLC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2423 Sand Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
