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

    4006 Conroy Rd Orlando, FL 32839-2410

    • Retail space
    • 6,131 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    May 19, 2021
    $3,700,000
    Value Estimations
    $3,735,000
    Show details
    Cap Rate Potential
    2.9%
    Retail space
    Location Intelligence
    Property ID
    US18-4431051
    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

    • AT&T Store / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 4006 Conroy Rd

    Year built
    2009
    Lot size
    0.62 lot acres
    Property size
    6,131 SF
    Zone code
    AC-2
    Property type
    Retail space
    APN
    17-23-29-5661-00-033
    APU
    172329566100033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,145,000
      ML approach
      $4,505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,508,000
      Market price range: $845k - $2.51M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,030,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.427
    Latitude
    28.4863
    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
    $45,230
    $781,175
    $1,675,264
    $2,456,439
    -
    $781,175
    $1,675,264
    $2,456,439

    Comparable in this City

    • Value Estimation
      $2,970,000
      204,845 SF

      4750 Millenia Plz Way

      RETAIL STORES (PERSONAL SERVICES) • 204,845 SF
      4750 Millenia Plz Way, Orlando, FL 32839-2412
      View Details
    • Value Estimation
      $445,000
      10,483 SF

      4699 Rio Grande Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,483 SF
      4699 Rio Grande Ave, Orlando, FL 32839-1623
      View Details
    • Value Estimation
      $7,995,000
      24,953 SF

      4021 Conroy Rd

      RETAIL STORES (PERSONAL SERVICES) • 24,953 SF
      4021 Conroy Rd, Orlando, FL 32839-2409
      View Details
    • Value Estimation
      $5,655,000
      14,239 SF

      5899 Orange Blossom Trl

      RETAIL STORES (PERSONAL SERVICES) • 14,239 SF
      5899 Orange Blossom Trl, Orlando, FL 32839-3917
      View Details
    • Value Estimation
      $225,000
      4,018 SF

      4831 Orange Blossom Trl

      RETAIL STORES (PERSONAL SERVICES) • 4,018 SF
      4831 Orange Blossom Trl, Orlando, FL 32839-1712
      View Details
    • Value Estimation
      $245,000
      4,570 SF

      3985 Orange Blossom Trl

      RETAIL STORES (PERSONAL SERVICES) • 4,570 SF
      3985 Orange Blossom Trl, Orlando, FL 32839-8964
      View Details

    Similar Nearby for Sale

    • $265,000

      Turnkey Restaurant Opportunity

      Fully equipped restaurant with lake view, ready for new owner.
      4862 S Orange Blossom Trl, Orlando, FL 32839
      View Details
    • $2,500,000
      5 SF

      Lake Buchanan Multifamily Development Opportunity

      Prime 5.93-acre parcel near Millenia Mall with development potential.
      4101 S Texas Ave, Orlando, FL 32839
      View Details
    • $2,249,000

      Prime Land Near Orange Blossom

      4.49 acre commercial land parcel near major thoroughfare.
      1453 Holden Ave, Orlando, FL 32839
      View Details
    • $154,900

      Orlando Specialty Property for Sale

      Specialty property available for purchase in Orlando, Florida.
      4340 Aqua Vista Dr, Orlando, FL 32839
      View Details
    • $90,000

      Remodeled Unit with Pool View

      Charming, remodeled unit in a well-maintained community with pool view.
      4378 Aqua Vista Dr, Orlando, FL 32839
      View Details
    • New
      $684,500
      3,600 SF

      Orlando Multifamily Investment Opportunity

      Five-unit multifamily property near downtown Orlando, ideal for investors.
      1313 39Th St, Orlando, FL 32839
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Millenia Plaza

      Retail space with complete buildout in Orlando's Millenia district.
      4702 Millenia Plaza Way, Orlando, FL 32839
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space on Americana Boulevard

      Retail space available for lease on Americana Boulevard.
      2049-2161 Americana Blvd, Orlando, FL 32839
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Near Mall at Millenia

      Retail space in Orlando's top trade area.
      4012 Eastgate Dr, Orlando, FL 32839
      View Details
    • Contact for pricing
      9,994 SF

      Prime Retail Space in Orlando

      Retail space in Orlando's prominent shopping district near Mall at Millenia.
      4600 Millenia Plaza Way, Orlando, FL 32839
      View Details
    • Contact for pricing
      411,503 SF

      Millenia Plaza Retail Center

      Orlando Retail Space: 2,996 SF Available
      4403-4467 Millenia Plaza Way, Orlando, FL 32839
      View Details
    • Contact for pricing
      120,234 SF

      Retail Center Near Mall Millenia

      Shopping center anchored by Academy and Hobby Lobby in Orlando.
      3525 Gdn Rdg Way, Orlando, FL 32839
      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.
    4006 Conroy Rd
    Orlando, FL 32839-2410
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.