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

    3216 Corrine Dr Orlando, FL 32803-2230

    • Investment properties
    • 1,680 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2806718
    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

    • Milgrim Law Group / Law Firm
    • Warner Quinlan / Accounting Firm / Tax Preparation

    Property Details for 3216 Corrine Dr

    Year built
    1955
    Lot size
    0.25 lot acres
    Property size
    1,680 SF
    Zone code
    O-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    19-22-30-0324-02-030
    APU
    192230032402030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3436
    Latitude
    28.5676
    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
    $7,277
    $322,770
    $78,839
    $401,609
    -
    $322,770
    $78,839
    $401,609

    Comparable in this City

    • Value Estimation by Request
      924 SF

      813 Fern Crk Ave

      STORE/OFFICE (MIXED USE) • 924 SF
      813 Fern Crk Ave, Orlando, FL 32803-4126
      View Details
    • Value Estimation
      $625,000
      3,322 SF

      200 Pasadena Pl

      STORE/OFFICE (MIXED USE) • 3,322 SF
      200 Pasadena Pl, Orlando, FL 32803-3828
      View Details
    • Value Estimation
      $775,000
      3,846 SF

      429 Fern Crk Ave

      STORE/OFFICE (MIXED USE) • 3,846 SF
      429 Fern Crk Ave, Orlando, FL 32803-5441
      View Details
    • Value Estimation by Request
      1,554 SF

      901 Mls Ave

      STORE/OFFICE (MIXED USE) • 1,554 SF
      901 Mls Ave, Orlando, FL 32803-3229
      View Details
    • Value Estimation by Request
      1,427 SF

      911 Mls Ave

      STORE/OFFICE (MIXED USE) • 1,427 SF
      911 Mls Ave, Orlando, FL 32803-3229
      View Details
    • Value Estimation by Request
      2,588 SF

      400 Fern Crk Ave

      STORE/OFFICE (MIXED USE) • 2,588 SF
      400 Fern Crk Ave, Orlando, FL 32803-5432
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spacious Lot in Audubon Park

      Large lot near shops, restaurants, and zoned for great schools.
      2312 Corrine Dr, Orlando, FL 32803
      View Details
    • $799,000
      2,916 SF

      Orlando Duplex with Income Potential

      Two-story duplex in Orlando, offering immediate and future income.
      1312 Belgrade Ave, Orlando, FL 32803
      View Details
    • $530,000

      Mills/50 District Duplex Opportunity

      Duplex in the heart of Mills/50 District, great location!
      912 La Salle Ave, Orlando, FL 32803
      View Details
    • $4,750,000
      8,046 SF

      Orlando Industrial Site For Sale

      Three-parcel industrial site near downtown Orlando, totaling 8,043 SF.
      1022 Wilfred Dr, Orlando, FL 32803
      View Details
    • $475,000

      Corner Lot Building in Milk District

      Corner lot building approved for coffee shop or restaurant.
      33 N Primrose Dr, Orlando, FL 32803
      View Details
    • $1,075,000

      Orlando Specialty Property For Sale

      Specialty property available in Orlando, Florida.
      415 N Ferncreek Ave, Orlando, FL 32803
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      1,635 SF

      Downtown Orlando Office Space Available

      Versatile office space in North Downtown Orlando near I4.
      827 Irma Ave, Orlando, FL 32803
      View Details
    • Contact for pricing
      3,376 SF

      Corrine Drive Office Building

      Prime Orlando Office Space - Long-Term Lease
      2901 Corrine Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      8,283 SF

      Retail Space on Colonial Drive

      Retail property available for lease on East Colonial Drive.
      3815 East Colonial Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      231 SF

      Executive Office Suite For Rent

      Executive office suite between Downtown Orlando and Ivanhoe Village.
      934 N Magnolia Ave, Orlando, FL 32803
      View Details
    • $21,600

      Renovated Office Space, Free Parking

      Turn-key office space with no NNN fees and ample parking.
      2022 E Robinson St, Orlando, FL 32803
      View Details
    • Contact for pricing
      13,341 SF

      Orlando Central Office Space

      Office space for rent in a convenient Orlando location.
      3113 Lawton Rd, Orlando, FL 32803
      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.
    3216 Corrine Dr
    Orlando, FL 32803-2230
    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!