Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2609 Orange Ave Orlando, FL 32806-4547

    • Office buildings
    • 6,591 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $2,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6272100
    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

    • Grayson Verity, MSN, APRN, FNP-BC / Pediatrician / Physician
    • AdventHealth Primary Care+ South Orange / Medical Clinic
    • AdventHealth Centra Care South Orange / Medical Clinic
    • Advent health / Corporate Office
    • Chrystal Fravel / Physician

    Property Details for 2609 Orange Ave

    Year built
    2014
    Lot size
    0.21 lot acres
    Property size
    6,591 SF
    Zone code
    AC-2/T/SP
    Property type
    Office buildings
    APN
    01-23-29-7999-04-000
    APU
    12329799904000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,190,000
      6.5%
      $2,020,000
      7%
      $1,875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,841,000
      Market price range: $476k - $1.84M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,990,000
      Current use
      RESTAURANT
      $3,260,000
      Change: +9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,550,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3761
    Latitude
    28.5136
    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
    $38,750
    $469,665
    $1,591,260
    $2,060,925
    -
    $469,665
    $1,591,260
    $2,060,925

    Comparable in this City

    • Value Estimation
      $10,270,000
      58,320 SF

      3090 Caruso Ct

      OFFICE BUILDING • 58,320 SF
      3090 Caruso Ct, Orlando, FL 32806-8564
      View Details
    • Value Estimation
      $5,515,000
      20,519 SF

      3305 Orange Ave

      OFFICE BUILDING (MULTI-STORY) • 20,519 SF
      3305 Orange Ave, Orlando, FL 32806-6125
      View Details
    • Value Estimation
      $4,985,000
      15,728 SF

      35 Michigan St

      OFFICE BUILDING (MULTI-STORY) • 15,728 SF
      35 Michigan St, Orlando, FL 32806-4416
      View Details
    • Value Estimation
      $7,970,000
      24,686 SF

      65 Sturtevant St

      OFFICE BUILDING (MULTI-STORY) • 24,686 SF
      65 Sturtevant St, Orlando, FL 32806-2016
      View Details
    • Value Estimation
      $20,015,000
      99,036 SF

      100 Gore St

      OFFICE BUILDING (MULTI-STORY) • 99,036 SF
      100 Gore St, Orlando, FL 32806-1044
      View Details
    • Value Estimation
      $1,135,000
      5,276 SF

      1404 Bumby Ave

      PROFESSIONAL BUILDING • 5,276 SF
      1404 Bumby Ave, Orlando, FL 32806-2438
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,913 SF

      Free-Standing Office Building For Sale

      Two-story office building near Orlando Health Hospital and major highways.
      218 Annie St, Orlando, FL 32806
      View Details
    • Contact for pricing
      1,432 SF

      Orlando Office Building in Delaney

      1,432 SF office building in historic Delaney Park.
      934 Bradshaw Ter, Orlando, FL 32806
      View Details
    • $530,000
      814 SF

      Orlando Mixed-Use Renovation Opportunity

      Two mixed-use properties for sale, ideal for renovation or office.
      1309 E Michigan St, Orlando, FL 32806
      View Details
    • $225,000
      297 SF

      Downtown Orlando Office Condo

      Prime 297 SF Office, Owner Financing Available
      1118 Orange Ave, Orlando, FL 32806
      View Details
    • $725,000

      Move-In Ready SoDo Office Building

      Vacant two-story office building in Orlando's SoDo district.
      138 E Gore St, Orlando, FL 32806
      View Details
    • $2,150,000
      Pending

      SODO District High-Visibility Property

      Prime location with redevelopment potential in Orlando's medical corridor.
      915 S Orange Ave, Orlando, FL 32806
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Medical Office Space in Orlando

      Medical office space for lease in downtown Orlando.
      345 W Michigan St, Orlando, FL 32806
      View Details
    • $22 SF/Yr
      61,700 SF

      Southgate Commerce Center: Medical Office

      Orlando Medical Office Space Available
      102 Pineloch Ave, Orlando, FL 32806
      View Details
    • $29 SF/Yr

      Freestanding Building on Curry Ford

      Multi-purpose building suitable for retail, office, and medical uses.
      2627 Curry Ford Rd, Orlando, FL 32806
      View Details
    • $28 SF/Yr

      Downtown Orlando Medical Office Space

      Medical office space for lease in a mixed-use commercial park.
      102 W Pineloch Ave, Orlando, FL 32806
      View Details
    • $35 SF/Yr
      13,113 SF

      Medical Office Space For Rent

      Class B medical office space near hospital campus.
      100 W Gore St, Orlando, FL 32806
      View Details
    • $1,950 /Mo
      1,755 SF

      Orlando Office Space For Lease

      Office space available for lease in Orlando, Florida.
      80 W Gore St, Orlando, FL 32806
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2609 Orange Ave
    Orlando, FL 32806-4547
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!