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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office Spaces
402 Kirkman Rd Orlando, FL 32811-2004
Entity Owned
~
Est. High Equity
Property ID
US18-4109385
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Total area
1,852 SF
Lot
1.76 ac (76,820 SF)
Zoning code
AC-1
APN
30-22-29-2940-00-030
UPID
US18-4109385
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
-
Motor Car Concepts II Inc. Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$595k
Owner & transaction history
Motor Car Concepts II INC
Motor Car Concepts II INC
1 recorded transaction
Zoning & alternative use
AC-1 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Community Activity Center
General category
UNKNOWN
Zone area
477.46 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$620,000
+11.1%
Office building
$585,000
+5.5%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
AUTO REPAIR, GARAGE
$620,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$585,000
Change: +6% · Conversion: Easy
RETAIL STORES
$470,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$321 / 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
$17,151
Tax year 2023
Assessed value
$1,249,715
Assessed 2023
Previous assessed
$1,249,715
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$1,172,648
Assessed improvement
$77,067
Land market value
$1,172,648
Improvement market value
$77,067
Total market value
$1,249,715
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
2
Total area
1,852 SF
Lot
1.76 ac (76,820 SF)
Zoning code
AC-1
APN
30-22-29-2940-00-030
UPID
US18-4109385
Jurisdiction
ORANGE
Zoning & alternative use
AC-1 · Orlando, FLZoning AC-1 · permitted uses
AC-1 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Community Activity Center
General category
UNKNOWN
Zone area
477.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$620,000
OFFICE BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$470,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Motor Car Concepts II INC
Entity
Mailing address
402 S KIRKMAN RD, ORLANDO, FL 32811-2004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Motor Car Concepts II INC
—
Deed Of Trust
related
$271,382 · Bankfirst
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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