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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4550 Michigan St Orlando, FL 32812-5233

    • Community centers
    • 8,100 SF
    • 13.50 lot acres
    OFF-MARKET
    Value Estimations
    $2,515,000
    Show details
    Cap Rate Potential
    7.1%
    Community centers
    Location Intelligence
    Property ID
    US18-4072812
    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

    • Esporta Fitness / Gym & Fitness Center
    • Mia Juice Bar / Cafe & Coffee Shop
    • One Touch Flooring / General Contractor / Renovation Specialist
    • Tae kwon do / Sports School / Training Center
    • Amazon Hub Locker - Mediaevalism / Postal Service / Courier Service

    Property Details for 4550 Michigan St

    Year built
    1987
    Lot size
    13.50 lot acres
    Property size
    8,100 SF
    Zone code
    AC-1/SP/AN
    Property type
    Community centers
    APN
    05-23-30-8601-00-010
    APU
    52330860100010

    Description

    This exceptional 136,806 square foot retail strip center, situated on a 14.48-acre lot in Orlando, Florida (zip code 32812), presents a compelling investment opportunity. Built in 1987, the property boasts 499 parking spaces and is zoned AC1, ensuring ample parking and flexibility for various retail uses. The center is anchored by established national tenants including Esporta Fitness, Presidente Supermarket, and Family Dollar, creating a strong and stable tenant mix. Units range from a minimum of 1,400 square feet to a maximum contiguous space of 3,182 square feet, with one space currently available measuring between 900 and 3,182 square feet. This space includes a grease trap, ideal for food-related businesses. The property enjoys a highly visible location at 4550 E Michigan St, just 3 miles southeast of downtown Orlando and 4.5 miles north of Orlando International Airport, ensuring high traffic volume and excellent accessibility. Multiple points of ingress and egress further enhance convenience for both customers and employees. This bustling center offers a unique opportunity to capitalize on a thriving retail market in a prime Orlando location. The property's strong tenant base, ample parking, and strategic location make it an ideal investment for discerning buyers seeking a high-return retail asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $2,410,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,840,000
      6.5%
      $2,620,000
      7%
      $2,435,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.329
    Latitude
    28.5123
    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
    $309,998
    $5,442,079
    $10,774,130
    $16,216,209
    -
    $5,442,079
    $10,774,130
    $16,216,209

    Comparable in this City

    • Value Estimation
      $2,190,000
      7,367 SF

      5120 Conway Rd

      SHOPPING CENTER, STRIP CENTER • 7,367 SF
      5120 Conway Rd, Belle Isle, FL 32812-1258
      View Details
    • Value Estimation
      $585,000
      11,502 SF

      4438 Curry Frd Rd

      SHOPPING CENTER, STRIP CENTER • 11,502 SF
      4438 Curry Frd Rd, Orlando, FL 32812-2703
      View Details
    • Value Estimation
      $2,635,000
      64,177 SF

      4402 Curry Frd Rd

      SHOPPING CENTER, STRIP CENTER • 64,177 SF
      4402 Curry Frd Rd, Orlando, FL 32812-2709
      View Details
    • Value Estimation
      $2,265,000
      28,323 SF

      4401 Hoffner Ave

      SHOPPING CENTER, STRIP CENTER • 28,323 SF
      4401 Hoffner Ave, Orlando, FL 32812-2331
      View Details
    • Value Estimation by Request
      0.10 Acres

      Conway Rd

      PARKING LOT • 0.10 Acres
      Conway Rd, Orlando, FL 32812
      View Details
    • Value Estimation
      $3,310,000
      25,670 SF

      5400 Butler National Dr

      AUTO REPAIR, GARAGE • 25,670 SF
      5400 Butler National Dr, Orlando, FL 32812-3024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,497 SF

      Retail Property Near Hoffner Avenue

      Retail property with refurbished roof and high traffic count.
      4516 S Hoffner Ave N, Orlando, FL 32812
      View Details
    • $599,900
      1,900 SF

      Orlando Medical Office Building

      Fully Equipped, Prime Location, High Visibility
      5110 Curry Ford Rd, Orlando, FL 32812
      View Details
    • $749,000

      Land for Sale

      Land available for purchase.
      4016 Isle Vista Ave, Belle Isle, FL 32812
      View Details
    • $255,000
      0.34 Acres

      Orlando Land Near Airport, Disney

      Ready-to-build lot near airport and Disney in Orlando, Florida.
      4947 Petroff Ave, Orlando, FL 32812
      View Details
    • $899,000

      Belle Isle Land Opportunity

      Land available in Belle Isle, Florida.
      4022 Isle Vista Ave, Belle Isle, FL 32812
      View Details
    • Contact for pricing
      43,560 SF

      Fully Functional Office Building For Sale

      Fully Functional Office Building For Sale
      Belle Isle, Orlando, FL 32812
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,410 SF

      Retail Space in Conway Plaza

      Retail space available in revitalized Orlando neighborhood near airports.
      4400-4434 Curry Ford Rd, Orlando, FL 32812
      View Details
    • Contact for pricing
      6,015 SF

      Retail Space in Orlando Plaza

      Retail spaces available in neighborhood shopping center anchored by Publix.
      4400-4446 Curry Ford Rd, Orlando, FL 32812
      View Details
    • Contact for pricing
      2,500 SF

      Orlando Retail Space - Conway Commons

      Prime Orlando storefront, 2,500 sq ft available.
      1627 Conway Rd, Orlando, FL 32812
      View Details
    • $875,000
      2,118 SF

      Orlando Office Space For Rent

      Office space available for lease in Orlando, Florida.
      4515 Curry Ford Rd, Orlando, FL 32812
      View Details
    • Contact for pricing
      630,171 SF

      Orlando Class A Warehouse Space

      Modern warehouse, flexible space, prime location.
      4510 Portier St, Orlando, FL 32812
      View Details
    • Contact for pricing
      16,560 SF

      Orlando Industrial Warehouse Space Available

      101,747 SF industrial warehouse near Orlando International Airport.
      6843 Conway Rd, Orlando, FL 32812
      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.
    4550 Michigan St
    Orlando, FL 32812-5233
    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.