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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Office buildings
517 Lk Destiny Dr Orlando, FL 32810-6251
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0687952
Property summary
AI-generated overview
This exceptional mixed-use property, located at 517 S Lake Destiny Dr, Orlando, FL 32810, presents a compelling investment opportunity. The 9,320 square foot building, constructed in 1985, sits on a one-acre lot and boasts a desirable I-1 zoning designation, offering flexibility for various uses. Currently occupied by an established catering/special event tenant under a new 10-year modified gross lease with annual rent bumps (highest of 3% or CPI), this property generates a strong NOI of $228,000, resulting in a 5.00% cap rate. The asking price is $4,895,000 ($525.21/sq ft). The two-story building benefits from high visibility, with over 170,000 vehicles passing daily on I-4, and excellent signage opportunities facing the interstate. Its central Orlando location is convenient to major retail businesses and dealerships, including BMW, MINI, Alfa Romeo, and Home Depot. The exterior has recently been repainted. This stabilized investment offers a secure, long-term income stream with built-in annual rent growth. The property's prime location and strong tenant history make it an attractive addition to any portfolio.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Total area
9,950 SF
Lot
0.94 ac (40,908 SF)
Zoning code
I-1
APN
35-21-29-3854-00-021
UPID
US19-0687952
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
-
Imperial Design Hall Wedding Service
-
Visual Aerial Images Marketing & Advertising Photography Service
-
Monster Media Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$3.34M
Owner & transaction history
Palm Global LLC · 3 yrs held
Palm Global LLC
since 2022
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
I-1 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+56.1%
Auto repair, garage
$3.3M
+5.3%
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
$2,670,000
ML approach
$2,760,000
CAP Approach
CAP Return
Estimation
6%
$3,305,000
6.5%
$3,050,000
7%
$2,830,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,150,000
Current use
RESTAURANT
$4,920,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,320,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,985,000
Change: -5% · Conversion: Easy
RETAIL STORES
$2,530,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10% · vs last sale $3.75M (Jul 3 2025)
Last sale anchor
$3.75M
Jul 3 2025
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
$335 / 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
$45,456
Tax year 2023
Assessed value
$2,430,325
Assessed 2023
Previous assessed
$2,277,581
+6.7% YoY
Effective rate
1.87%
On assessed value
Assessed land
$537,116
Assessed improvement
$1,893,209
Land market value
$537,116
Improvement market value
$1,893,209
Total market value
$2,430,325
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
25
Total area
9,950 SF
Lot
0.94 ac (40,908 SF)
Zoning code
I-1
APN
35-21-29-3854-00-021
UPID
US19-0687952
Jurisdiction
ORANGE
Zoning & alternative use
I-1 · Orlando, FL
Zoning I-1 · permitted uses
I-1 · 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
$3.2M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
25
Lot
0.94 ac
Current owner
From public records · entity-resolved
Palm Global LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2533 PALM AVE, APOPKA, FL 32703-8906
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$2,708,000
Palm Global LLC
Imperial Design INC
Warranty Deed
—
May 30, 2018
—
Imperial Design INC
Holding Firm LLC
Grant Deed
$1,750,500 · Holding Firm LLC
Oct 13, 2003
$1,400,000
Holding Firm LLC
Luthra,tr
Grant Deed
$1,120,000 · Amsouth Bank
Aug 11, 2003
$850,000
Luthra,tr
Brauser Enterprises INC
Grant Deed
$680,000 · Community United Bank Florida
—
—
Holding Firm LLC
—
Deed Of Trust
related
$54,625 · M & I Marshall & Isley 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.
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