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Property profile & analytics
OFF-MARKET
Estimated value
$36,575,000
Office buildings
3100 Technology Pkwy Orlando, FL 32826-3281
Entity Owned
23-yr Hold
Free & Clear
Property ID
US18-2486061
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Total area
117,123 SF
Lot
12.12 ac (527,913 SF)
Zoning code
IND-2/IND-3
APN
10-22-31-1240-08-010
UPID
US18-2486061
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
-
Institute For Simulation & Training University
-
Robotics Club of Central Florida Charitable Organization Social Service Agency
-
UCF VARLAB Research Institute
-
Team Performance Laboratory Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.58M
Owner & transaction history
Internal Improvemnt Tr Fund Fl · 23 yrs held
Internal Improvemnt Tr Fund Fl
since 2003
2 recorded transactions
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$57.9M
+56.1%
Auto repair, garage
$39.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$38,885,000
6.5%
$35,895,000
7%
$33,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$37,085,000
Current use
RESTAURANT
$57,890,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$39,065,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$35,150,000
Change: -5% · Conversion: Easy
RETAIL STORES
$29,780,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$36.58M
Range $32.92M – $40.23M · ±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
$312 / 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
Assessed value
$48,391,170
Assessed 2023
Previous assessed
$46,211,828
+4.7% YoY
Assessed land
$2,639,565
Assessed improvement
$45,751,605
Land market value
$2,639,565
Improvement market value
$45,751,605
Total market value
$48,391,170
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 (MULTI-STORY)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Buildings
2
Stories
5
Rooms
311
Total area
117,123 SF
Lot
12.12 ac (527,913 SF)
Zoning code
IND-2/IND-3
APN
10-22-31-1240-08-010
UPID
US18-2486061
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
OFFICE BUILDING Current
Est. value
$37.1M
RESTAURANT
Est. value
$57.9M
AUTO REPAIR, GARAGE
Est. value
$39.1M
COMMERCIAL (GENERAL)
Est. value
$35.2M
RETAIL STORES
Est. value
$29.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
2
Rooms
311
Lot
12.12 ac
Current owner
From public records · entity-resolved
Internal Improvemnt Tr Fund Fl
Entity
Free & Clear · 23 yrs held
Mailing address
3900 COMMONWEALTH BLVD, TALLAHASSEE, FL 32399-6575
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2003
$2,700,000
Internal Improvemnt Tr Fund Fl
Fitzgerald,james P
Grant Deed
related
—
Jan 27, 2003
$54,000
J Fitzgerald
Fitzgerald,tr
Grant Deed
related
—
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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