Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office buildings
481 Thorpe Rd Orlando, FL 32824-8132
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3536876
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
1,852 SF
Lot
2.23 ac (97,296 SF)
Zoning code
IND-2/IND-3
APN
02-24-29-7268-00-090
UPID
US18-3536876
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
-
National Trench Safety (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Coastal Waste & Recycling Inc. Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$449k
Blend (final)
Blend
$740k
Owner & transaction history
Jb & B Warehouses LLC · 6 yrs held
Jb & B Warehouses LLC
since 2020
Last sale
$838,571
3 recorded transactions
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$620,000
+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%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$585,000
Current use
AUTO REPAIR, GARAGE
$620,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: -5% · Conversion: Easy
RETAIL STORES
$470,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $839k (May 1 2020)
Last sale anchor
$839k
May 1 2020
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
$400 / 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
$15,473
Tax year 2023
Assessed value
$1,163,644
Assessed 2023
Previous assessed
$987,632
+17.8% YoY
Effective rate
1.33%
On assessed value
Assessed land
$632,426
Assessed improvement
$531,218
Land market value
$632,426
Improvement market value
$531,218
Total market value
$1,163,644
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
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
9
Total area
1,852 SF
Lot
2.23 ac (97,296 SF)
Zoning code
IND-2/IND-3
APN
02-24-29-7268-00-090
UPID
US18-3536876
Jurisdiction
ORANGE
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Zoning IND-2/IND-3 · permitted uses
IND-2/IND-3 · 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
$585,000
AUTO REPAIR, GARAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$555,000
RETAIL STORES
Est. value
$470,000
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
9
Lot
2.23 ac
Current owner
From public records · entity-resolved
Jb & B Warehouses LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2315 LYNX LN STE #6, ORLANDO, FL 32804-4702
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
$810,000
Jb & B Warehouses LLC
Dennis & Pat Prop Of Florida INC
Warranty Deed
—
Feb 6, 1997
$30,000
Dennis & Pat Properties Of Flo
Drummond,alma S
Grant Deed
—
Feb 6, 1997
$103,900
Dennis & Pat Properties Of Fl
Drummond,alma S
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 481 Thorpe Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
