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Property profile & analytics
OFF-MARKET
Estimated value
$28,105,000
High-rise multifamily apartments
515 Delaney Ave Orlando, FL 32801-3820
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5266935
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1969
Total area
131,789 SF
Lot
1.8 ac (78,250 SF)
Zoning code
R-3D/T/HP/AN
APN
36-22-29-1988-02-030
UPID
US18-5266935
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
-
𝟯𝗗 𝗥𝗲𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 & 𝗔𝗻𝗶𝗺𝗮𝘁𝗶𝗼𝗻 𝗚𝗿𝗮𝗽𝗵𝗶𝗰 𝗗𝗲𝘀𝗶𝗴𝗻 - 𝗢𝗿𝗹𝗮𝗻𝗱𝗼, 𝗙𝗹 Architect
-
Kinneret Apartments Apartment Complex Apartment Building
-
Radiant Beauty Salon and Spa Hair Salon Nail Salon
-
Barry W. Silveman Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.11M
Owner & transaction history
Kinneret Preservation LP · 3 yrs held
Kinneret Preservation LP
since 2022
Last sale
$28.9M
3 recorded transactions
Zoning & alternative use
R-3D/T/HP/AN · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.9M
+177.1%
Retail stores
$22.4M
+148.6%
Restaurant
$19.0M
+110.9%
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
$28,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,465,000
6.5%
$26,275,000
7%
$24,400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$24,930,000
Change: +177% · Conversion: Moderate
RETAIL STORES
$22,365,000
Change: +149% · Conversion: Difficult
RESTAURANT
$18,975,000
Change: +111% · Conversion: Difficult
Blend value · Realmo final
$28.11M
Range $25.29M – $30.92M · ±10% · vs last sale $28.86M (Sep 26 2022)
Last sale anchor
$28.86M
Sep 26 2022
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
$213 / 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
$8,315
Tax year 2023
Assessed value
$6,048,758
Assessed 2023
Previous assessed
$6,013,000
+0.6% YoY
Effective rate
0.14%
On assessed value
Assessed land
$5,922,000
Assessed improvement
$126,758
Land market value
$5,922,000
Improvement market value
$126,758
Total market value
$6,048,758
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Stories
15
Units
168
Rooms
170
Bathrooms
1
Total area
131,789 SF
Lot
1.8 ac (78,250 SF)
Zoning code
R-3D/T/HP/AN
APN
36-22-29-1988-02-030
UPID
US18-5266935
Jurisdiction
ORANGE
Zoning & alternative use
R-3D/T/HP/AN · Orlando, FL
Zoning R-3D/T/HP/AN · permitted uses
R-3D/T/HP/AN · 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
COMMERCIAL (GENERAL)
Est. value
$24.9M
RETAIL STORES
Est. value
$22.4M
RESTAURANT
Est. value
$19.0M
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1969
Heating
FORCED AIR
Cooling
Yes
Stories
15
Units
168
Rooms
170
Bathrooms
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Kinneret Preservation LP
Entity
Mailing address
250 W 55TH ST FL #35, NEW YORK, NY 10019-9710
Ownership since
2022
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
Sep 26, 2022
$28,855,000
Kinneret Preservation LP
Kinneret INC
Special Warranty Deed
$47,927 · Escambia County Housing Finance Aut
Mar 16, 2017
—
Kinneret INC
Africk,lisa R
Quit Claim Deed
related
—
—
—
Kinneret INC
—
Deed Of Trust
related
$661,500 · Housing Finance Corp Florida
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.
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