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Property profile & analytics
OFF-MARKET
Estimated value
$4,985,000
Office buildings
35 Michigan St Orlando, FL 32806-4416
Individually Owned
24-yr Hold
Free & Clear
Property ID
US18-1797656
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Total area
15,728 SF
Lot
1.37 ac (59,599 SF)
Zoning code
AC-2/T/SP
APN
02-23-29-3976-00-120
UPID
US18-1797656
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
-
Townsend Caly Law Firm
-
McCoy Federal Credit Union Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.82M
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$4.99M
Owner & transaction history
Mccoy FCU · 24 yrs held
Mccoy FCU
since 2002
2 recorded transactions
Zoning & alternative use
AC-2/T/SP · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+9.0%
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%
$5,220,000
6.5%
$4,820,000
7%
$4,475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,130,000
Current use
RESTAURANT
$7,775,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,080,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.99M
Range $4.49M – $5.48M · ±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
$317 / 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
$81,821
Tax year 2023
Assessed value
$4,240,857
Assessed 2023
Previous assessed
$4,100,827
+3.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$848,094
Assessed improvement
$3,392,763
Land market value
$848,094
Improvement market value
$3,392,763
Total market value
$4,240,857
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
2003
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
33
Total area
15,728 SF
Lot
1.37 ac (59,599 SF)
Zoning code
AC-2/T/SP
APN
02-23-29-3976-00-120
UPID
US18-1797656
Jurisdiction
ORANGE
Zoning & alternative use
AC-2/T/SP · Orlando, FL
Zoning AC-2/T/SP · permitted uses
AC-2/T/SP · 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
$7.1M
RESTAURANT
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
33
Lot
1.37 ac
Current owner
From public records · entity-resolved
Mccoy FCU
Individual
Free & Clear · 24 yrs held
Mailing address
PO BOX 593806, ORLANDO, FL 32859-3806
Ownership since
2002
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
Feb 25, 2002
$1,850,000
Mccoy FCU
Townsend,carl W & Mary B
Grant Deed
related
—
—
—
Mary B Townsend
—
Deed Of Trust
related
$245,000 · Admiralty 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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