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

    508 Pne St Orlando, FL 32824

    • Manufacturing properties
    • 6,562 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3505568
    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

    • Richter Manufacturing Co / Machine Shop

    Property Details for 508 Pne St

    Year built
    1959
    Lot size
    1.03 lot acres
    Property size
    6,562 SF
    Zone code
    IND-2/IND-3
    Property type
    Manufacturing properties
    APN
    36-23-29-8228-50-501
    APU
    362329822850501

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $610,000
      6.5%
      $565,000
      7%
      $525,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3707
    Latitude
    28.4321
    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
    $15,990
    $263,250
    $830,277
    $1,093,527
    -
    $263,250
    $830,277
    $1,093,527

    Comparable in this City

    • Value Estimation
      $1,270,000
      57,758 SF

      1144 Mid Florida Dr

      FOOD PACKING, PACKING PLANT • 57,758 SF
      1144 Mid Florida Dr, Orlando, FL 32824-7064
      View Details
    • Value Estimation
      $8,390,000
      104,641 SF

      10407 Rocket Blvd

      MANUFACTURING (LIGHT) • 104,641 SF
      10407 Rocket Blvd, Orlando, FL 32824-8512
      View Details
    • Value Estimation
      $3,795,000
      43,226 SF

      783 Thorpe Rd

      MANUFACTURING (LIGHT) • 43,226 SF
      783 Thorpe Rd, Orlando, FL 32824-8014
      View Details
    • Value Estimation
      $670,000
      10,444 SF

      9801 Recycle Ctr Rd

      LUMBER & WOOD PRODUCT MFG • 10,444 SF
      9801 Recycle Ctr Rd, Orlando, FL 32824-8151
      View Details
    • Value Estimation
      $45,595,000
      512,414 SF

      10260 Ringhaver Dr

      MANUFACTURING (LIGHT) • 512,414 SF
      10260 Ringhaver Dr, Orlando, FL 32824-7066
      View Details
    • Value Estimation
      $1,640,000
      84,537 SF

      8775 Orange Ave

      FOOD PACKING, PACKING PLANT • 84,537 SF
      8775 Orange Ave, Orlando, FL 32824-7902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      62,418 SF

      62,418 SF Industrial Building

      Industrial building suitable for manufacturing, distribution, or showroom.
      701 W Landstreet Rd, Orlando, FL 32824
      View Details
    • $2,100,000

      Industrial Property for Sale

      Industrial property available for sale in Orlando, Florida.
      9848 S Orange Ave, Orlando, FL 32824
      View Details
    • Contact for pricing
      7.07 Acres

      Orlando Industrial Land - 7 Acres

      Prime 7-acre industrial lot near Orlando International Airport.
      12401 Boggy Creek Rd, Orlando, FL 32824
      View Details
    • Contact for pricing

      Orlando Industrial Site For Sale

      1.43 AC heavy industrial site with warehouse/office. Mechanics license.
      2100 4Th St, Orlando, FL 32824
      View Details
    • $980,000
      0.44 Acres

      Orlando Land Development Opportunity

      Prime commercial land near Orlando International Airport.
      8648 S Orange Ave, Orlando, FL 32824
      View Details
    • Contact for pricing
      4.00 Acres

      Prime Orlando Industrial Land

      4-Acre Industrial Lot, 66 Parking Spaces
      13110 Orange Ave, Orlando, FL 32824
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      107,945 SF

      Orlando Industrial Property: 107,945 SF

      Prime Orlando manufacturing/warehouse
      1350 Tradeport Dr, Orlando, FL 32824
      View Details
    • Contact for pricing
      10,768 SF

      Industrial Warehouse Near Orlando Airport

      55,778 SF warehouse in Airport Distribution Center available for rent.
      8810 Boggy Creek Rd, Orlando, FL 32824
      View Details
    • Contact for pricing
      22,720 SF

      Industrial Warehouse Near Airport

      55,456 SF warehouse in Prologis Airport Distribution Center.
      2425 E Landstreet Rd, Orlando, FL 32824
      View Details
    • Contact for pricing
      42,128 SF

      Warehouse Space Available For Lease

      42,128 SF warehouse space for lease in Orlando.
      2663 Tradeport Dr, Orlando, FL 32824
      View Details
    • $10 SF/Yr
      152 SF

      Industrial Building with Front Load

      152,240 SF industrial building featuring front loading capabilities.
      1125 Gills Dr, Orlando, FL 32824
      View Details
    • Contact for pricing

      Orlando Warehouse Space Available

      Warehouse space available for rent in Orlando, Florida.
      9864 Air Commerce Pkwy, Orlando, FL 32824
      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.
    508 Pne St
    Orlando, FL 32824
    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.