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

    5032 Forsyth Commerce Rd Orlando, FL 32807-6026

    • Warehouses
    • 15,330 SF
    • 0.76 lot acres
    OFF-MARKET
    Last Sale
    Jan 05, 2022
    $2,700,000
    Value Estimations
    $3,810,000
    Show details
    Cap Rate Potential
    2.6%
    Warehouses
    Location Intelligence
    Property ID
    US18-4869366
    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

    • Iglesia Fuente De Vida Eterna / Church
    • Sil's Woodworks & CNC Routing / Woodworker

    Property Details for 5032 Forsyth Commerce Rd

    Year built
    2007
    Lot size
    0.76 lot acres
    Property size
    15,330 SF
    Zone code
    C-3
    Property type
    Warehouses
    APN
    23-22-30-2833-00-130
    APU
    232230283300130

    Description

    This exceptional industrial property, located at 5032 Forsyth Commerce Rd in Orlando, Florida, offers 15,000 square feet of warehouse space across two buildings. The property is zoned C-3 and boasts a convenient location in Orange County, providing easy access to major thoroughfares like Highway 50, SR 408, and SR 417, making it ideal for businesses needing efficient transportation links. Built in 2007, this Class C warehouse complex features five individual suites, with a minimum divisible space of 3,000 square feet. Currently, one 3,000 square foot suite is immediately available. Each suite includes approximately 200 square feet of air-conditioned office space, a restroom, and benefits from a generous 22-foot clear ceiling height. Ten drive-in doors facilitate efficient loading and unloading, accommodating even the largest tractor-trailers. The property is equipped with single-phase power and a comprehensive fire sprinkler system, ensuring both operational efficiency and safety. This versatile space is perfect for a variety of industrial and storage needs, offering a strategic location to serve East Orange County and surrounding areas. The property's features, combined with its prime location, make it an attractive opportunity for businesses seeking a functional and accessible warehouse solution.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,050,000
      ML approach
      $4,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,078,000
      Market price range: $2.13M - $3.95M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,195,000
      Current use
      AUTO REPAIR, GARAGE
      $5,115,000
      Change: +60% Conversion: Easy
      OFFICE BUILDING
      $4,855,000
      Change: +52% Conversion: Difficult
      RETAIL STORES
      $3,900,000
      Change: +22% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,595,000
      Change: +12% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,330,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.292
    Latitude
    28.5618
    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
    $28,763
    $280,517
    $1,565,009
    $1,845,526
    -
    $280,517
    $1,565,009
    $1,845,526

    Comparable in this City

    • Value Estimation
      $495,000
      14,054 SF

      7100 Old Cheney Hwy

      WAREHOUSE, STORAGE • 14,054 SF
      7100 Old Cheney Hwy, Orlando, FL 32807-6220
      View Details
    • Value Estimation
      $790,000
      9,196 SF

      2236 Forsyth Rd

      WAREHOUSE, STORAGE • 9,196 SF
      2236 Forsyth Rd, Orlando, FL 32807-5302
      View Details
    • Value Estimation
      $780,000
      17,730 SF

      5043 Forsyth Commerce Rd

      WAREHOUSE, STORAGE • 17,730 SF
      5043 Forsyth Commerce Rd, Orlando, FL 32807-6027
      View Details
    • Value Estimation
      $525,000
      4,416 SF

      5330 Colonial Dr

      WAREHOUSE, STORAGE • 4,416 SF
      5330 Colonial Dr, Orlando, FL 32807
      View Details
    • Value Estimation
      $1,190,000
      8,820 SF

      155 Goldenrod Rd

      MINI-WAREHOUSE, STORAGE • 8,820 SF
      155 Goldenrod Rd, Orlando, FL 32807-8215
      View Details
    • Value Estimation
      $535,000
      2,135 SF

      6855 Hanging Moss Rd

      WAREHOUSE, STORAGE • 2,135 SF
      6855 Hanging Moss Rd, Orlando, FL 32807-5326
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.00 Acres

      Dennis Ave Industrial Land

      Orlando Industrial Land: 4 Acres
      1145 Dennis Ave, Orlando, FL 32807
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    • $984,700
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      Prime Orlando Retail Land

      High-traffic 2-acre site, ideal for retail development.
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      Mixed-Use Property For Sale

      Fully leased mixed-use property with office and retail spaces.
      5801 Dahlia Dr, Orlando, FL 32807
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    • $415,000
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      Wooded Land on Goldenrod Road

      4.66 acre wooded plot with frontage on N. Goldenrod Road.
      2210 N Goldenrod Rd, Orlando, FL 32807
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    • $599,000
      0.57 Acres

      Prime Commercial Lot in Orlando

      24,829 SF commercial lot in high-traffic Orlando location.
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    • $2,995,000
      3.45 Acres

      SR 436 Commercial Land - Orlando

      Prime 3.45-acre commercial lot, ideal for development.
      1427 Semoran Blvd, Orlando, FL 32807
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      101,080 SF

      Orlando Industrial Distribution Opportunity

      Industrial property suitable for distribution in a growing market.
      S Conway Rd, Orlando, FL 32807
      View Details
    • Contact for pricing
      19,380 SF

      Orlando Industrial/Flex Space Available

      Industrial/Flex space in east central Orlando with highway access.
      6148 Hanging Moss Rd, Orlando, FL 32807
      View Details
    • $52,800

      Spacious Commercial Area For Lease

      Expansive 3300 sq ft commercial space with loading dock.
      6948 Venture Cir, Orlando, FL 32807
      View Details
    • $3,800 /Mo
      16,448 SF

      Versatile Space in Orlando

      2,850 SF suite ideal for office or light industrial.
      207 N Goldenrod Rd, Orlando, FL 32807
      View Details
    • Contact for pricing
      16 SF

      Orlando Industrial/Flex Space Available

      Industrial/Flex space for rent in east central Orlando, Florida.
      6124 Hanging Moss Rd, Orlando, FL 32807
      View Details
    • Contact for pricing
      3,750 SF

      Orlando Industrial/Flex Space Available

      Industrial/Flex space for rent in east central Orlando.
      6112-6124 S Hanging Moss Rd, Orlando, FL 32807
      View Details
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    5032 Forsyth Commerce Rd
    Orlando, FL 32807-6026
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    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
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