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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Office buildings
2704 Jetport Dr Orlando, FL 32827-5038
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-0187932
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
5,841 SF
Lot
3.31 ac (144,329 SF)
Zoning code
I-G
APN
31-23-30-0000-00-007
UPID
US18-0187932
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
-
Sunbelt Rentals Scaffolding Services (Bike/Boat/Book/etc) Store Rental Equipment Company
-
RedCoach Airport Valet Parking Lot & Garage
-
Action Rentals LLC - Orlando Building Supply Industrial Manufacturer
-
Sunbelt Rentals Trench Safety (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Action Equipment rentals Equipment Exporter
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.38M
Owner & transaction history
National Retail Properties LP · 5 yrs held
National Retail Properties LP
since 2021
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
I-G · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,257.81 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.9M
+56.1%
Auto repair, garage
$2.0M
+5.3%
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
$3,380,000
ML approach
$3,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,850,000
Current use
RESTAURANT
$2,885,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,950,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10% · vs last sale $2.90M (Jun 10 2021)
Last sale anchor
$2.90M
Jun 10 2021
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
$579 / 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
$44,721
Tax year 2023
Assessed value
$2,271,132
Assessed 2023
Previous assessed
$2,168,263
+4.7% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,655,997
Assessed improvement
$615,135
Land market value
$1,655,997
Improvement market value
$615,135
Total market value
$2,271,132
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
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
8
Total area
5,841 SF
Lot
3.31 ac (144,329 SF)
Zoning code
I-G
APN
31-23-30-0000-00-007
UPID
US18-0187932
Jurisdiction
ORANGE
Zoning & alternative use
I-G · Orlando, FLZoning I-G · permitted uses
I-G · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,257.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Lot
3.31 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 5 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
$2,900,000
National Retail Properties LP
2828 Collingswood Drive LLC
Special Warranty Deed
—
Mar 23, 2021
—
2828 Collings Wood Drive LLC
—
Deed
related
$3,843,750 · Bank Hapoalim Bm
Jul 14, 2017
$2,400,000
2828 Collingswood Drive LLC
Freire Family Partners Ltd
Warranty Deed
$1,243,477 · Freire Family Partners Ltd
Jul 2, 2003
$830,000
Freire Family Partners Ltd
Ljr Associates Properties Ltd
Grant Deed
$650,000 · First Florida Bank
Mar 13, 1997
$700,000
Ljr Assoc Properties Ltd
Morse Operations INC
Grant Deed
$576,000 · Peninsula State Bank
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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