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Property profile & analytics
FOR LEASE
Community centers
4600 Millenia Plaza Way Orlando, FL 32839
Entity Owned
23-yr Hold
Free & Clear
Property ID
US18-4546014
For Lease
1 / 3
Contact for pricing
4600 Millenia Plaza Way, Orlando, FL 32839
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2003
Total area
58,726 SF
Lot
14.01 ac (610,253 SF)
Zoning code
AC-2/RP
APN
08-23-29-5665-00-011
UPID
US18-4546014
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
-
NCCS Drop Box Only Charitable Organization
-
Wells Fargo ATM Atm
-
Ulta Beauty Hair Salon Nail Salon
-
Benefit Cosmetics BrowBar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$3.85M
Owner & transaction history
Price Legacy Corp · 23 yrs held
Price Legacy Corp
since 2002
2 recorded transactions
Zoning & alternative use
AC-2/RP · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Urban Activity Center Resource Protection
General category
UNKNOWN
Zone area
21.27 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$4.4M
+12.0%
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
$2,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,955,000
Current use
WAREHOUSE, STORAGE
$4,430,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±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
$66 / 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
$413,224
Tax year 2023
Assessed value
$21,821,163
Assessed 2023
Previous assessed
$21,743,825
+0.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$13,019,261
Assessed improvement
$8,801,902
Land market value
$13,019,261
Improvement market value
$8,801,902
Total market value
$21,821,163
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2003
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
4
Rooms
38
Total area
58,726 SF
Lot
14.01 ac (610,253 SF)
Zoning code
AC-2/RP
APN
08-23-29-5665-00-011
UPID
US18-4546014
Jurisdiction
ORANGE
Zoning & alternative use
AC-2/RP · Orlando, FLZoning AC-2/RP · permitted uses
AC-2/RP · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Urban Activity Center Resource Protection
General category
UNKNOWN
Zone area
21.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
4
Rooms
38
Lot
14.01 ac
Current owner
From public records · entity-resolved
Price Legacy Corp
Entity
Free & Clear · 23 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2005
—
Pl Millenia Plaza II LLC
—
Deed Of Trust
related
$143,285,000 · J P Morgan Chase Bank
Nov 22, 2002
$7,374,000
Price Legacy Corp
Orlando 14 Associates LP
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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