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

    5403 Millenia Lks Blvd Orlando, FL 32839-3397

    • Hotels
    • 165,157 SF
    • 4.04 lot acres
    OFF-MARKET
    Value Estimations
    $35,845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7638568
    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

    • Hotels

    Property Details for 5403 Millenia Lks Blvd

    Year built
    2018
    Lot size
    4.04 lot acres
    Property size
    165,157 SF
    Zone code
    AC-2
    Property type
    Hotels
    APN
    17-23-29-2211-02-001
    APU
    172329221102001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $36,300,000
      Current use
      AUTO REPAIR, GARAGE
      $55,085,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $52,295,000
      Change: +44% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $49,565,000
      Change: +37% Conversion: Difficult
      RETAIL STORES
      $41,995,000
      Change: +16% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $38,720,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4349
    Latitude
    28.4844
    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
    $725,446
    $5,280,660
    $36,427,163
    $41,707,823
    -
    $5,280,660
    $36,427,163
    $41,707,823

    Comparable in this City

    • Value Estimation
      $5,375,000
      23,015 SF

      3300 Orange Blossom Trl

      HOTEL • 23,015 SF
      3300 Orange Blossom Trl, Orlando, FL 32839-8968
      View Details
    • Value Estimation
      $1,320,000
      10,510 SF

      4201 Orange Blossom Trl

      HOTEL • 10,510 SF
      4201 Orange Blossom Trl, Orlando, FL 32839-1238
      View Details
    • Value Estimation
      $2,735,000
      22,610 SF

      5870 Orange Blossom Trl

      MOTEL • 22,610 SF
      5870 Orange Blossom Trl, Orlando, FL 32839-3918
      View Details
    • Value Estimation
      $1,955,000
      1,510 SF

      3842 Orange Blossom Trl

      MOTEL • 1,510 SF
      3842 Orange Blossom Trl, Orlando, FL 32839-8963
      View Details
    • Value Estimation by Request
      411,503 SF

      4403-4467 Millenia Plaza Way

      Community centers • 411,503 SF
      4403-4467 Millenia Plaza Way, Orlando, FL 32839
      View Details
    • Value Estimation by Request
      32.09 Acres

      4140 Eastgate Dr

      VACANT COMMERCIAL LAND • 32.09 Acres
      4140 Eastgate Dr, Orlando, FL 32839-6486
      View Details

    Similar Nearby for Sale

    • New
      $1,070,000
      2,396 SF

      Orlando Mixed-Use Corner Lot

      Two-acre corner lot near Millenia Mall, Orlando Downtown, and Airport.
      5721 S Texas Ave, Orlando, FL 32839
      View Details
    • Contact for pricing
      5.03 Acres

      Orlando Commercial Land - 5 Acres

      Prime Orlando location, near major attractions.
      4800 Orange Blossom Trl, Orlando, FL 32839
      View Details
    • $88,500

      First Floor Condo with Amenities

      Condo with new carpet, in-unit laundry, and community amenities.
      4365 Aqua Vista Dr, Orlando, FL 32839
      View Details
    • $1,100,000
      0.74 Acres

      Commercial Land in Orlando, Florida

      Commercial land available in Orlando, Florida, zoned C-2.
      4849 S Orange Blossom Trl, Orlando, FL 32839
      View Details
    • Contact for pricing
      0.23 Acres

      Orlando Mixed-Use Property Auction

      Prime Orlando location, online auction.
      1924 Blossom Ter, Orlando, FL 32839
      View Details
    • Contact for pricing
      6,467 SF

      I-4 Exposure Property

      Office, warehouse, and outdoor storage with direct I-4 exposure.
      1900 33Rd St, Orlando, FL 32839
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      6,249 SF

      Orlando Office Space for Lease

      Flexible Workspaces in Millenia Lakes
      4700 Millenia Lakes Blvd, Orlando, FL 32839
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Near Mall at Millenia

      Retail space in Orlando's top trade area.
      4012 Eastgate Dr, Orlando, FL 32839
      View Details
    • $14 SF/Yr
      7,752 SF

      I-4 Commerce Center Warehouse For Lease

      Modern 7,752 SF Warehouse in Orlando
      1806 33Rd St, Orlando, FL 32839
      View Details
    • Contact for pricing
      120,234 SF

      Retail Center Near Mall Millenia

      Shopping center anchored by Academy and Hobby Lobby in Orlando.
      3525 Gdn Rdg Way, Orlando, FL 32839
      View Details
    • Contact for pricing

      Prime Retail Space on Millenia

      Ideally located open-air center in Orlando's Central Park submarket.
      4403-4467 Millenia Plaza Way, Orlando, FL 32839
      View Details
    • Contact for pricing
      12,000 SF

      Class A Office Space Available

      Office space for rent with Class A finishes and amenities.
      3902 Millenia Blvd, Orlando, FL 32839
      View Details
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    Orlando, FL 32839-3397
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    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
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