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Property profile & analytics
OFF-MARKET
Estimated value
$16,100,000
Office buildings
2602 Challenger Tech Ct Orlando, FL 32826-2741
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-9619272
Property summary
AI-generated overview
This exceptional manufacturing facility, Challenger Tech Center II, located at 2602 Challenger Tech Ct, Orlando, FL 32826, offers a prime opportunity for businesses seeking versatile industrial space in a thriving location. The property, built in 2001, boasts a total of 99,604 square feet, with various suite sizes available for immediate or future occupancy. Currently, there are 35,756 square feet of vacant space, offering flexibility for businesses of varying scales. Suite 240 (6,111 sq ft) is available within 30 days, while Suite 190 offers larger spaces ranging from 13,048 to 35,756 square feet. Suite 100, encompassing 21,029 square feet, will become available on November 1st, 2024. The property is a single-tenant building, providing privacy and control. Ample parking is available, with a ratio of 4-5 spaces per 1,000 square feet. This location provides easy access to major transportation routes, making it an ideal choice for businesses needing efficient logistics and distribution capabilities. The property's modern design and functional layout are perfect for a variety of manufacturing operations. Inquire today to learn more about leasing options and secure your space in this sought-after Orlando industrial property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
100,547 SF
Lot
9.28 ac (404,309 SF)
Zoning code
IND-2/IND-3
APN
15-22-31-1255-00-080
UPID
US18-9619272
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
-
GDIT Corporate Office
-
Genoa Healthcare Pharmacy
-
CapTel Service Specialists Corporate Office
-
Saab, Inc. Industrial Manufacturer Production Facility
-
OneWorld Celtics Builders Co General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.10M
Owner & transaction history
Marlanco INC · 24 yrs held
Marlanco INC
since 2002
1 recorded transaction
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$25,565,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$16.10M
Range $14.49M – $17.71M · ±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
$160 / 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
$240,968
Tax year 2023
Assessed value
$15,588,753
Assessed 2023
Previous assessed
$14,502,000
+7.5% YoY
Effective rate
1.55%
On assessed value
Assessed land
$2,021,545
Assessed improvement
$13,567,208
Land market value
$2,021,545
Improvement market value
$13,567,208
Total market value
$15,588,753
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
2001
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
52
Total area
100,547 SF
Lot
9.28 ac (404,309 SF)
Zoning code
IND-2/IND-3
APN
15-22-31-1255-00-080
UPID
US18-9619272
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
RETAIL STORES
Est. value
$25.6M
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
52
Lot
9.28 ac
Current owner
From public records · entity-resolved
Marlanco INC
Entity
Mailing address
5401 S KIRKMAN RD STE #650, ORLANDO, FL 32819-7912
Ownership since
2002
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
Jul 2, 2002
$12,267,000
Marlanco INC
Challenger Techcenter II Ltd
Grant Deed
$9,100,000 · Southtrust Bank NA
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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