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Property profile & analytics
FOR LEASE
Office buildings
4700 Millenia Blvd Orlando, FL 32839
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-3661694
For Lease
$39,285,000
4700 Millenia Blvd, Orlando, FL 32839
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Total area
193,004 SF
Lot
11.92 ac (519,348 SF)
Zoning code
O-2
APN
17-23-29-5660-00-010
UPID
US18-3661694
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
-
Earl Enterprises Business Service Center Corporate Office
-
Archbow Consulting Factory Production Facility
-
Silverton Printing Group (Bike/Boat/Book/etc) Store Printing Service
-
Optima One Realty Real Estate Agency
-
Citrus Legal Funding Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.43M
Blend (final)
Blend
$39.29M
Owner & transaction history
Millenia Lakes Owner I LP · 7 yrs held
Millenia Lakes Owner I LP
since 2018
4 recorded transactions
Zoning & alternative use
O-2 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$64.4M
+5.3%
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
OFFICE BUILDING
$61,115,000
Current use
AUTO REPAIR, GARAGE
$64,370,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$57,920,000
Change: -5% · Conversion: Easy
RETAIL STORES
$49,075,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$39.29M
Range $35.36M – $43.21M · ±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
$204 / 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
$755,107
Tax year 2023
Assessed value
$40,973,886
Assessed 2023
Previous assessed
$40,842,235
+0.3% YoY
Effective rate
1.84%
On assessed value
Assessed land
$10,193,964
Assessed improvement
$30,779,922
Land market value
$10,193,964
Improvement market value
$30,779,922
Total market value
$40,973,886
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Stories
6
Rooms
96
Total area
193,004 SF
Lot
11.92 ac (519,348 SF)
Zoning code
O-2
APN
17-23-29-5660-00-010
UPID
US18-3661694
Jurisdiction
ORANGE
Zoning & alternative use
O-2 · Orlando, FL
Zoning O-2 · permitted uses
O-2 · 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
OFFICE BUILDING Current
Est. value
$61.1M
AUTO REPAIR, GARAGE
Est. value
$64.4M
COMMERCIAL (GENERAL)
Est. value
$57.9M
RETAIL STORES
Est. value
$49.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
6
Rooms
96
Lot
11.92 ac
Current owner
From public records · entity-resolved
Millenia Lakes Owner I LP
Entity
Free & Clear · 7 yrs held
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2018
$44,350,000
Millenia Lakes Owner I LP
Cpf Millenia Office LLC
Grant Deed
—
Aug 31, 2018
—
Millenia Lakes Owner I LP
—
Loan Modification
related
$52,525,500 · Metlife R/e Lndg LLC
—
—
Cpf Millenia Office LLC
—
Deed Of Trust
related
$40,000,000 · Wells Fargo Bk
—
—
Millenia Lakes Dev Co LLC
—
Deed Of Trust
related
$35,000,000 · Bmo Harris Bank
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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