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Property profile & analytics
OFF-MARKET
Estimated value
$28,965,000
Retail properties & Spaces
3505 Colonial Dr Orlando, FL 32803-5115
Trust Owned
6-yr Hold
Free & Clear
Property ID
US18-3679592
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1973
Total area
208,255 SF
Lot
13.43 ac (585,046 SF)
Zoning code
AC-3
APN
20-22-30-6391-00-013
UPID
US18-3679592
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
-
Cardtronics ATM Atm
-
Macy's Department Store
-
Macy's Furniture Gallery Furniture & Home Goods Home Decor Store
-
Sunglass Hut at Macy's (Bike/Boat/Book/etc) Store
-
Finish Line (located inside Macy's) Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$39.88M
Blend (final)
Blend
$28.97M
Owner & transaction history
Fashion Square Land Trust · 6 yrs held
Fashion Square Land Trust
since 2019
2 recorded transactions
Zoning & alternative use
AC-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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$28.97M
Range $26.07M – $31.86M · ±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
$139 / 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
$187,206
Tax year 2023
Assessed value
$9,456,480
Assessed 2023
Previous assessed
$9,010,988
+4.9% YoY
Effective rate
1.98%
On assessed value
Assessed land
$8,962,905
Assessed improvement
$493,575
Land market value
$8,962,905
Improvement market value
$493,575
Total market value
$9,456,480
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Stories
2
Rooms
15
Total area
208,255 SF
Lot
13.43 ac (585,046 SF)
Zoning code
AC-3
APN
20-22-30-6391-00-013
UPID
US18-3679592
Jurisdiction
ORANGE
Zoning & alternative use
AC-3 · Orlando, FL
Zoning AC-3 · permitted uses
AC-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.
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
15
Lot
13.43 ac
Current owner
From public records · entity-resolved
Fashion Square Land Trust
Trust
Free & Clear · 6 yrs held
Mailing address
7 W 7TH ST, CINCINNATI, OH 45202-2424
Ownership since
2019
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
Sep 30, 2019
$22,900,000
Fashion Square Land Trust
Mmm Lakewood Lllp
Grant Deed
—
Feb 13, 2013
—
Up Fieldgate Us Investments-fa
Pr Orlando Fashion Square LLC
Quit Claim Deed
related
$35,000 · Bancorp 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.
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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