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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
5108 Colonial Dr 29 Orlando, FL 32808-7604
Trust Owned
~
Est. High Equity
Property ID
US19-0524562
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Total area
2,923 SF
Lot
0.07 ac (2,977 SF)
Zoning code
C-3
APN
30-22-29-9195-00-290
UPID
US19-0524562
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
-
Amy’s Korean skincare Medical Clinic Skin Care Clinic
-
Easy Hair Beauty and Barber School Vocational School Training Center
-
OTA World of Florida Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$565k
Owner & transaction history
5108 Colonial Drive Land Trust
5108 Colonial Drive Land Trust
since 2025
5 recorded transactions
Zoning & alternative use
C-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$745,000
+33.8%
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
$555,000
Current use
RETAIL STORES
$745,000
Change: +34% · Conversion: Moderate
WAREHOUSE, STORAGE
$520,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$455,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$193 / 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
$6,348
Tax year 2023
Assessed value
$420,912
Assessed 2023
Previous assessed
$365,375
+15.2% YoY
Effective rate
1.51%
On assessed value
Assessed land
$84,182
Assessed improvement
$336,730
Land market value
$84,182
Improvement market value
$336,730
Total market value
$420,912
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
YES
Units
1
Rooms
5
Total area
2,923 SF
Lot
0.07 ac (2,977 SF)
Zoning code
C-3
APN
30-22-29-9195-00-290
UPID
US19-0524562
Jurisdiction
ORANGE
Zoning & alternative use
C-3 · Orlando, FL
Zoning C-3 · permitted uses
C-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
$555,000
RETAIL STORES
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$455,000
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1989
Heating
FORCED AIR
Cooling
Yes
Units
1
Rooms
5
Lot
0.07 ac
Current owner
From public records · entity-resolved
5108 Colonial Drive Land Trust
Trust
Mailing address
4645 E RAMON RD, PALM SPRINGS, CA 92264-1525
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
5108 Colonial Drive Land Trust
Florida Msl LLC
Deed
related
—
Sep 15, 2025
—
5108 W Trust
Florida Msl LLC
Special Warranty Deed
—
Oct 19, 2023
—
Florida Msl LLC
—
Deed
related
$140,000 · Amerasia Bank
Nov 3, 2015
$520,000
Young C Oh
Kit S Su
Warranty Deed
$468,000 · Pacific City Bank
May 3, 2006
$272,500
Paul Chen
Chinatown Development LLC
Warranty Deed
$217,000 · First Florida 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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