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

    5420 L B Mcleod Rd Orlando, FL 32811-2904

    • Office buildings
    • 8,538 SF
    • 68.05 lot acres
    OFF-MARKET
    Value Estimations
    $2,975,000
    Show details
    Cap Rate Potential
    6.2%
    Office buildings
    Location Intelligence
    Property ID
    US18-4263469
    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

    • Legacy middle school / Middle School
    • Water Conserv II / City Government Office

    Property Details for 5420 L B Mcleod Rd

    Year built
    1988
    Lot size
    68.05 lot acres
    Property size
    8,538 SF
    Zone code
    P
    Property type
    Office buildings
    APN
    07-23-29-0000-00-004
    APU
    72329000000004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $2,725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,835,000
      6.5%
      $2,615,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,842,000
      Market price range: $1.84M - $3.84M
      AI Estimate
      $3,333,000
      Market price range: $885k - $3.33M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,705,000
      Current use
      RESTAURANT
      $4,220,000
      Change: +56% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,850,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,560,000
      Change: -5% Conversion: Easy
      RETAIL STORES
      $2,170,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4509
    Latitude
    28.503
    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
    $48,458
    $4,210,844
    $6,689,930
    $10,900,774
    -
    $4,210,844
    $6,689,930
    $10,900,774

    Comparable in this City

    • Value Estimation
      $495,000
      10,127 SF

      5395 L B Mcleod Rd

      OFFICE BUILDING • 10,127 SF
      5395 L B Mcleod Rd, Orlando, FL 32811-2952
      View Details
    • Value Estimation
      $3,390,000
      17,072 SF

      453 Kirkman Rd

      PROFESSIONAL BUILDING • 17,072 SF
      453 Kirkman Rd, Orlando, FL 32811-1109
      View Details
    • Value Estimation
      $675,000
      2,712 SF

      32 Kirkman Rd

      OFFICE BUILDING • 2,712 SF
      32 Kirkman Rd, Orlando, FL 32811-1400
      View Details
    • Value Estimation
      $1,470,000
      37,646 SF

      805 Kirkman Rd

      OFFICE BUILDING (MULTI-STORY) • 37,646 SF
      805 Kirkman Rd, Orlando, FL 32811-2200
      View Details
    • Value Estimation
      $610,000
      11,960 SF

      4390 35th St

      OFFICE BUILDING • 11,960 SF
      4390 35th St, Orlando, FL 32811-6516
      View Details
    • Value Estimation by Request
      2,196 SF

      122 Kirkman Rd

      OFFICE BUILDING • 2,196 SF
      122 Kirkman Rd, Orlando, FL 32811-1404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      67,430 SF

      Orlando Industrial Warehouse For Sale

      66,386 SF industrial space available in Orlando, Florida.
      5249 L B Mcleod Rd, Orlando, FL 32811
      View Details
    • $440,000
      1.88 Acres

      Lakefront Land in Orlando

      1.88-acre lakefront lot near Downtown Orlando with no HOA.
      223 S Ortman Dr, Orlando, FL 32811
      View Details
    • $2,450,000
      4 SF

      Residential Development Land in Orlando

      4.64 acres of prime residential development land in Orlando.
      209 S Klondike Ave, Orlando, FL 32811
      View Details
    • $3,570,000

      Orlando Industrial Property for Sale

      Industrial property available for purchase in Orlando, Florida.
      265 N Ivey Ln, Orlando, FL 32811
      View Details
    • $3,000,000

      Commercial Land on Kirkman Road

      Commercial land available for sale on Kirkman Road.
      217 N Kirkman Rd, Orlando, FL 32811
      View Details
    • $450,000

      Approved Land for Apartment Complex

      Commercial land approved for a 24-unit apartment complex.
      664 S Ivey Ln, Orlando, FL 32811
      View Details

    Similar Nearby for Lease

    • $4,200 /Mo
      1,300 SF

      Professional Space Near I-4

      Professional space with three rooms, shared amenities, and utilities included.
      4498 Vineland Rd, Orlando, FL 32811
      View Details
    • Contact for pricing
      382 SF

      Orlando Office Space For Rent

      382 square feet of office space available for rent.
      805 S Kirkman Rd, Orlando, FL 32811
      View Details
    • Contact for pricing
      29,710 SF

      Beacon Pointe Retail/Office Space

      Orlando Retail & Office Opportunity
      801 Kirkman Rd, Orlando, FL 32811
      View Details
    • Contact for pricing
      2,500 SF

      Prime Orange County Warehouse Sublease

      2,500 SF Warehouse, Sublease Available
      4629 36Th St, Orlando, FL 32811
      View Details
    • $14 SF/Yr
      212,815 SF

      Orlando Industrial Triplex for Lease

      Large warehouse spaces available in prime Orlando location.
      4653-4677 L.b. Mcleod Rd, Orlando, FL 32811
      View Details
    • $13 SF/Yr
      12,000 SF

      Industrial Space in 33rd Street

      Multi-tenant industrial building in 33rd Street Industrial Park.
      4520-4564 36Th St, Orlando, FL 32811
      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.
    5420 L B Mcleod Rd
    Orlando, FL 32811-2904
    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.