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Property profile & analytics
OFF-MARKET
Estimated value
$14,150,000
High-rise multifamily apartments
431 Central Blvd Orlando, FL 32801-1911
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-2650931
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1950
Total area
122,191 SF
Lot
0.38 ac (16,468 SF)
Zoning code
MXD-2/T
APN
25-22-29-7223-00-010
UPID
US18-2650931
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
-
Aromatic Vibes Candle Co. Home Decor Store
-
Preach out Florida Church
-
United States Court House Government Office
-
Jeremiah's Italian Ice Grocery & Convenience Store Specialty Food Shop
-
Slava Chageyev - FLO Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.12M
Blend (final)
Blend
$14.15M
Owner & transaction history
MIDAMERICA APARTMENTS L P
MIDAMERICA APARTMENTS L P
Zoning & alternative use
MXD-2/T · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.1M
+177.1%
Retail stores
$20.7M
+148.6%
Restaurant
$17.6M
+110.9%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$23,115,000
Change: +177% · Conversion: Moderate
RETAIL STORES
$20,735,000
Change: +149% · Conversion: Difficult
RESTAURANT
$17,590,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$14,575,000
Change: +75% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,460,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$14.15M
Range $12.74M – $15.57M · ±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
$116 / 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
$737,808
Tax year 2023
Assessed value
$42,310,799
Assessed 2023
Previous assessed
$39,848,016
+6.2% YoY
Effective rate
1.74%
On assessed value
Assessed land
$5,017,681
Assessed improvement
$37,293,118
Land market value
$5,017,681
Improvement market value
$37,293,118
Total market value
$42,310,799
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Buildings
2
Stories
9
Units
122
Rooms
456
Bathrooms
2
Total area
122,191 SF
Lot
0.38 ac (16,468 SF)
Zoning code
MXD-2/T
APN
25-22-29-7223-00-010
UPID
US18-2650931
Jurisdiction
ORANGE
Zoning & alternative use
MXD-2/T · Orlando, FL
Zoning MXD-2/T · permitted uses
MXD-2/T · 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
COMMERCIAL (GENERAL)
Est. value
$23.1M
RETAIL STORES
Est. value
$20.7M
RESTAURANT
Est. value
$17.6M
OFFICE BUILDING
Est. value
$14.6M
AUTO REPAIR, GARAGE
Est. value
$14.5M
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
9
Buildings
2
Units
122
Rooms
456
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
MIDAMERICA APARTMENTS L P
Individual
Free & Clear · 0 yrs held
Mailing address
6815 POPLAR AVE, GERMANTOWN, TN 38138-0600
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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