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

    515 Central Blvd Orlando, FL 32801-2540

    • Office buildings
    • 4,008 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Sep 03, 2021
    $675,000
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3775875
    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

    • Juice Bike Share HQ / Corporate Office
    • The Orlando Grappling Club / Martial Arts Club
    • County Towing & Recovery Llc / Towing Service
    • VXV Fitness Studio / Fitness Center

    Property Details for 515 Central Blvd

    Year built
    1953
    Lot size
    0.36 lot acres
    Property size
    4,008 SF
    Zone code
    PD/T/PH
    Property type
    Office buildings
    APN
    26-22-29-3804-02-170
    APU
    262229380402170

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $785,000
      ML approach
      $895,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,330,000
      6.5%
      $1,230,000
      7%
      $1,140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $982,000
      Market price range: $983k - $1.81M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,255,000
      Current use
      RETAIL STORES
      $1,020,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3856
    Latitude
    28.5423
    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
    $7,812
    $258,960
    $153,957
    $412,917
    -
    $258,960
    $153,957
    $412,917

    Comparable in this City

    • Value Estimation
      $2,105,000
      276,954 SF

      201 Pne St

      OFFICE BUILDING (MULTI-STORY) • 276,954 SF
      201 Pne St, Orlando, FL 32801-2729
      View Details
    • Value Estimation
      $480,000
      6,451 SF

      60 Robinson St

      OFFICE BUILDING (MULTI-STORY) • 6,451 SF
      60 Robinson St, Orlando, FL 32801-1615
      View Details
    • Value Estimation
      $1,775,000
      365,830 SF

      450 Orange Ave

      OFFICE BUILDING (MULTI-STORY) • 365,830 SF
      450 Orange Ave, Orlando, FL 32801-3383
      View Details
    • Value Estimation
      $1,025,000
      22,048 SF

      203 Ernestine St

      PROFESSIONAL BUILDING • 22,048 SF
      203 Ernestine St, Orlando, FL 32801-3621
      View Details
    • Value Estimation
      $2,395,000
      66,321 SF

      100 Lucerne Cir

      OFFICE BUILDING (MULTI-STORY) • 66,321 SF
      100 Lucerne Cir, Orlando, FL 32801-4405
      View Details
    • Value Estimation
      $1,635,000
      175,474 SF

      135 Central Blvd

      OFFICE BUILDING (MULTI-STORY) • 175,474 SF
      135 Central Blvd, Orlando, FL 32801-2430
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,140 SF

      Historic Office Building in Orlando

      Orlando office building with redevelopment potential in the Central Business District.
      108 Hillcrest St, Orlando, FL 32801
      View Details
    • Contact for pricing
      20,374 SF

      Historic Mixed-Use Building For Sale

      Mixed-use building constructed in 1927 in Orlando, Florida.
      316 W Colonial Dr, Orlando, FL 32801
      View Details
    • Contact for pricing
      9,300 SF

      Orlando Office Building For Sale

      9,300 SF office building available in Orlando, Florida.
      1201 W Jackson St, Orlando, FL 32801
      View Details
    • $1,575,000
      4,731 SF

      Historic Building in Downtown Orlando

      Prime location with dual access, ideal for retail or office.
      17 E Pine St, Orlando, FL 32801
      View Details
    • $2,450,000
      9,918 SF

      Renovated Orlando Office Building

      Prime Orlando office building with long-term governmental tenant.
      701 E South St, Orlando, FL 32801
      View Details
    • Contact for pricing
      16,960 SF

      Historic Office Building in Orlando

      Two-story, 16,960 SF renovated historic building in prime CBD location.
      120 N Orange Ave, Orlando, FL 32801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,372 SF

      Downtown Orlando Class A+ Office

      Class A+ office space in Downtown Orlando with modern amenities.
      450 S Orange Ave, Orlando, FL 32801
      View Details
    • $25 SF/Yr
      5,821 SF

      Downtown Orlando Freestanding Office Building

      Freestanding, two-story office building in downtown Orlando available for sublease.
      126 E Jefferson St, Orlando, FL 32801
      View Details
    • Contact for pricing
      14,716 SF

      Modern Mixed-Use Tower in Orlando

      Contemporary office tower with hotel and retail in Downtown Orlando.
      333 S Garland Ave, Orlando, FL 32801
      View Details
    • $20 SF/Yr
      1,900 SF

      Freestanding Office Building Near Downtown

      Two-story office building with efficient layout and convenient location.
      545 Delaney Ave, Orlando, FL 32801
      View Details
    • Contact for pricing
      3,698 SF

      Downtown Orlando Office Space Available

      Class A+ office building in the heart of Orlando.
      420 S Orange Ave, Orlando, FL 32801
      View Details
    • $59,952

      Thornton Park Office Building For Rent

      Office building in the heart of Thornton Park with parking.
      703 E Pine St, Orlando, FL 32801
      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.
    515 Central Blvd
    Orlando, FL 32801-2540
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.