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

    2423 Sand Lk Rd Orlando, FL 32809-7641

    • Office buildings
    • 20,733 SF
    • 2.19 lot acres
    OFF-MARKET
    Value Estimations
    $6,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6084154
    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

    • Quest Diagnostics Suite B Processing Site / Industrial Manufacturer / Production Facility
    • Terminix / Garden Center
    • Florida Pest Control / Landscaping
    • Natacha Smith / Physician

    Property Details for 2423 Sand Lk Rd

    Year built
    1984
    Lot size
    2.19 lot acres
    Property size
    20,733 SF
    Zone code
    IND-2/IND-3
    Property type
    Office buildings
    APN
    28-23-29-6360-03-026
    APU
    282329636003026

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,885,000
      6.5%
      $6,355,000
      7%
      $5,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,139,000
      Market price range: $4.32M - $8.36M
      AI Estimate
      $7,129,000
      Market price range: $2.17M - $18.4M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4139
    Latitude
    28.4518
    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
    $40,729
    $667,303
    $1,735,328
    $2,402,631
    -
    $667,303
    $1,735,328
    $2,402,631

    Comparable in this City

    • Value Estimation
      $3,335,000
      10,839 SF

      2453 Orlando Central Pkwy

      OFFICE BUILDING • 10,839 SF
      2453 Orlando Central Pkwy, Orlando, FL 32809-5619
      View Details
    • Value Estimation
      $4,710,000
      15,831 SF

      1700 Directors Row

      OFFICE BUILDING • 15,831 SF
      1700 Directors Row, Orlando, FL 32809-6226
      View Details
    • Value Estimation
      $22,265,000
      123,861 SF

      8002 Crystal Clear Ln

      OFFICE BUILDING (MULTI-STORY) • 123,861 SF
      8002 Crystal Clear Ln, Orlando, FL 32809
      View Details
    • Value Estimation
      $3,475,000
      8,054 SF

      7605 Presidents Dr

      OFFICE BUILDING • 8,054 SF
      7605 Presidents Dr, Orlando, FL 32809-5636
      View Details
    • Value Estimation
      $7,315,000
      17,019 SF

      7550 Southland Blvd

      OFFICE BUILDING • 17,019 SF
      7550 Southland Blvd, Orlando, FL 32809-6972
      View Details
    • Value Estimation
      $5,740,000
      19,017 SF

      2411 Sand Lk Rd

      OFFICE BUILDING • 19,017 SF
      2411 Sand Lk Rd, Orlando, FL 32809-7600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,200 SF

      Prime Investment Opportunity in Orlando

      Excellent location with great traffic flow and investment potential.
      7301 S Orange Blossom Trl, Orlando, FL 32809
      View Details
    • New
      $1,000,000
      Pending

      Versatile Flex Building on Orange

      Fully air-conditioned flex/retail building in a prime location.
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    • $1,500,000
      2,251 SF

      Versatile Mixed-Use Property Near Airport

      C-1 zoned property suitable for live/work or investment.
      8027 S Orange Ave, Orlando, FL 32809
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    • $1,800,000

      Versatile Industrial-Flex Space in Orlando

      Minutes from Downtown Orlando, versatile space for business operations.
      6421 Pinecastle Blvd, Orlando, FL 32809
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    • $595,000

      Office Building with Private Offices

      Office building featuring private offices and convenient highway access.
      1025 W Oak Ridge Rd, Orlando, FL 32809
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    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Building For Rent

      Modern office building with parking, convenient location, and break room.
      6100 Lake Ellenor Dr, Orlando, FL 32809
      View Details
    • Contact for pricing

      Two-Story Office Buildings For Rent

      Two 59,000 SF office buildings near Florida Mall.
      7700 Southland Blvd, Orlando, FL 32809
      View Details
    • Contact for pricing
      4,353 SF

      Class A Office Space Available

      Luxury office building in Dr. Phillips area for lease.
      7343 W Sand Lake Rd, Orlando, FL 32809
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Adaptable space suitable for medical, retail, or office use.
      6925 Lake Ellenor Dr, Orlando, FL 32809
      View Details
    • Contact for pricing
      165 SF

      Orlando Office Space For Rent

      Office space available in a professionally managed, convenient location.
      2411 Sand Lake Rd, Orlando, FL 32809
      View Details
    • Contact for pricing
      4,800 SF

      Warehouse and Office Space Available

      4,800 SF warehouse and office space for lease.
      1629 Prime Ct, Orlando, FL 32809
      View Details
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    Orlando, FL 32809-7641
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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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