Sign Up Successful!
You now have access to more from Realmo!
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

    360 S Lake Destiny Dr Orlando, FL 32810

    • Commercial real estate
    • 26,245 SF
    • 3.11 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5008195
    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

    • Best Air Duct Cleaning Service Co / HVAC Service

    Property Details for 360 S Lake Destiny Dr

    Lot size
    3.11 lot acres
    Property size
    26,245 SF
    Property type
    Commercial real estate

    Description

    This exceptional 26,245 square foot data center/telecom facility, situated on a spacious 3.11-acre lot in Orlando, Florida, presents a unique investment opportunity. Located at 360 S Lake Destiny Dr, Orlando, FL 32810, this property boasts a rich history, having served as a Sprint (now T-Mobile) facility for over two decades. Significant upgrades were undertaken in 2013, expanding the facility and incorporating numerous data center improvements. The property is being offered for sale by owner and includes substantial existing infrastructure and equipment, ready for immediate use. This turnkey solution features generators, UPS units, a robust cooling system, PDUs, and extensive electrical gear, ensuring reliable and efficient operation. The building's long-term occupancy history speaks to its strategic location and suitability for data center operations. This is an exceptional opportunity to acquire a well-maintained, high-capacity data center in a thriving Florida market. The property's size and existing infrastructure make it well-suited for a variety of uses, including telecom, AI, and other technology-focused businesses. The sale includes all existing equipment and infrastructure. Contact us today to learn more about this exceptional opportunity.

    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
    -81.3895156
    Latitude
    28.6164654

    Comparable in this City

    • $2,560,000
      7,004 SF

      Mixed-Use Development Opportunity

      Premier mixed-use development site with retail and medical/office opportunities.
      3508 Oranole Rd, Orlando, FL 32810
      View Details
    • $2,130,000
      9,450 SF

      Orlando Office Building For Sale

      Office building near Maitland Center with highway access.
      7948 Forest City Rd, Orlando, FL 32810
      View Details
    • $4,895,000
      9,320 SF

      Orlando Mixed-Use Investment

      High-traffic, stabilized income property.
      517 Lake Destiny Dr, Orlando, FL 32810
      View Details
    • $2,300,000
      16,446 SF

      Orlando Office Building For Sale

      Office building in high-growth corridor near major retail.
      7936 Forest City Rd, Orlando, FL 32810
      View Details
    • $2,050,000
      3,200 SF

      Orlando Amscot Net Lease Investment

      High-yield Amscot NN, strong tenant.
      4304 Clarcona Ocoee Rd, Orlando, FL 32810
      View Details
    • $350,000
      0.50 Acres

      Prime Orlando Commercial Lot

      Half-acre, fenced, ready to build.
      0 Busby Ave, Orlando, FL 32810
      View Details

    Similar Nearby for Sale

    • $4,895,000
      9,320 SF

      Orlando Mixed-Use Investment

      High-traffic, stabilized income property.
      517 Lake Destiny Dr, Orlando, FL 32810
      View Details
    • $2,130,000
      9,450 SF

      Orlando Office Building For Sale

      Office building near Maitland Center with highway access.
      7948 Forest City Rd, Orlando, FL 32810
      View Details
    • $2,560,000
      7,004 SF

      Mixed-Use Development Opportunity

      Premier mixed-use development site with retail and medical/office opportunities.
      3508 Oranole Rd, Orlando, FL 32810
      View Details
    • $2,300,000
      16,446 SF

      Orlando Office Building For Sale

      Office building in high-growth corridor near major retail.
      7936 Forest City Rd, Orlando, FL 32810
      View Details
    • $599,999
      2,240 SF

      High-Visibility Retail Investment Opportunity

      Two retail properties on 0.72 acres in high-traffic area.
      6919 Forest City Rd, Orlando, FL 32810
      View Details
    • $599,999

      Prime Commercial Land Investment

      Two retail properties totaling 0.72 acres in high-traffic area.
      6925 Forest City Rd, Orlando, FL 32810
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      17,835 SF

      Class A Office Space Available

      Class A office space for rent in Orlando, Florida.
      8701 Maitland Summit Blvd, Orlando, FL 32810
      View Details
    • Contact for pricing
      30,741 SF

      Orlando Office Space For Rent

      Office space available for lease in Orlando, Florida.
      2001 Summit Park Dr, Orlando, FL 32810
      View Details
    • $22 SF/Yr
      26,245 SF

      Office Building with Data Center

      26,245 SF office building with data center infrastructure.
      360 S Lake Destiny Dr, Orlando, FL 32810
      View Details
    • $24 SF/Yr
      4,035 SF

      Maitland Area Class A Office

      Class A office space in a desirable Orlando location.
      429 S Keller Rd, Orlando, FL 32810
      View Details
    • $6,600 /Mo

      Prime Location Retail/Office Space

      Retail and office spaces available in central Orlando location.
      6239 Edgewater Dr, Orlando, FL 32810
      View Details
    • Contact for pricing
      21,373 SF

      Office Space in Orlando

      21,373 SF office space available for rent.
      1950 Summit Park Dr, Orlando, FL 32810
      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.
    360 S Lake Destiny Dr
    Orlando, FL 32810
    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.