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Property profile & analytics
OFF-MARKET
Estimated value
$11,120,000
Office buildings
2721 Discovery Dr Orlando, FL 32826-3000
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-1037514
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
58,505 SF
Lot
6.48 ac (282,106 SF)
Zoning code
IND-2/IND-3
APN
11-22-31-1243-21-010
UPID
US18-1037514
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
-
Northrop Grumman Security Service
-
Luminar Technologies Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.72M
Blend (final)
Blend
$11.12M
Owner & transaction history
Reva Orlando Tech Dst · 4 yrs held
Reva Orlando Tech Dst
since 2021
Last sale
$9.5M
4 recorded transactions
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
$11,120,000
ML approach
$13,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,525,000
Current use
COMMERCIAL (GENERAL)
$17,560,000
Change: -5% · Conversion: Easy
RETAIL STORES
$14,875,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$11.12M
Range $10.01M – $12.23M · ±10% · vs last sale $9.54M (Dec 29 2021)
Last sale anchor
$9.54M
Dec 29 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
$190 / 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
$135,762
Tax year 2023
Assessed value
$8,782,780
Assessed 2023
Previous assessed
$8,365,021
+5.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,221,673
Assessed improvement
$7,561,107
Land market value
$1,221,673
Improvement market value
$7,561,107
Total market value
$8,782,780
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
51
Total area
58,505 SF
Lot
6.48 ac (282,106 SF)
Zoning code
IND-2/IND-3
APN
11-22-31-1243-21-010
UPID
US18-1037514
Jurisdiction
ORANGE
Zoning & alternative use
IND-2/IND-3 · Orlando, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.5M
COMMERCIAL (GENERAL)
Est. value
$17.6M
RETAIL STORES
Est. value
$14.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
51
Lot
6.48 ac
Current owner
From public records · entity-resolved
Reva Orlando Tech Dst
Individual
Free & Clear · 4 yrs held
Mailing address
5806 GRV AVE #259, RICHMOND, VA 23226-2630
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$9,539,500
Reva Orlando Tech Dst
Jy Presidents 3 LLC
Special Warranty Deed
—
Aug 15, 2001
$7,000,000
Discovery Lakes LLC
Sv Central Florida II LP
Grant Deed
$5,250,000 · Morgan Guaranty Trust Co Ny
Aug 2, 2000
$883,700
Sv Central Florida LP II
Sva Central Florida LP
Grant Deed
$3,236,210 · Guaranty Federal Bank Fsb
Apr 17, 1998
$600,000
Sva Central Florida LP
Fitzgerald Trust
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.
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