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Property profile & analytics
OFF-MARKET
Estimated value
$6,300,000
Distribution centers
2424 Orlando Central Pkwy Orlando, FL 32809-5600
Individually Owned
14-yr Hold
Free & Clear
Property ID
US18-2105018
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Total area
41,572 SF
Lot
5.34 ac (232,508 SF)
Zoning code
IND-2/IND-3
APN
28-23-29-6364-02-001
UPID
US18-2105018
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
-
Publix Central Pharmacy Pharmacy
-
Exposervices Orlando Business Service Center Conference Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$6.30M
Owner & transaction history
Fargo Bk NA Wells · 14 yrs held
Fargo Bk NA Wells
since 2011
4 recorded transactions
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.7M
+7.2%
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%
$4,700,000
6.5%
$4,340,000
7%
$4,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,095,000
Current use
INDUSTRIAL (GENERAL)
$9,745,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$6.30M
Range $5.67M – $6.93M · ±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
$152 / 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
$110,904
Tax year 2023
Assessed value
$6,514,325
Assessed 2023
Previous assessed
$6,926,079
-5.9% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,511,299
Assessed improvement
$5,003,026
Land market value
$1,511,299
Improvement market value
$5,003,026
Total market value
$6,514,325
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
2
Total area
41,572 SF
Lot
5.34 ac (232,508 SF)
Zoning code
IND-2/IND-3
APN
28-23-29-6364-02-001
UPID
US18-2105018
Jurisdiction
ORANGE
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Zoning 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
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.1M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Lot
5.34 ac
Current owner
From public records · entity-resolved
Fargo Bk NA Wells
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2011
—
Fargo Bk NA Wells
Eli Prop Holdings LLC Coc
Trustees Deed
related
—
Dec 1, 2005
—
Eli Property Holdings LLC
Ustc LLC
Quit Claim Deed
related
—
Dec 1, 2005
$4,375,000
Eli Property Holdings LLC
Ustc LLC
Grant Deed
related
$2,535,900 · Wachovia Commercial Mortgage
May 1, 1998
$2,050,000
Liberty Property LP
Flowers Baking Co Of Orlando
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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