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Property profile & analytics
OFF-MARKET
Estimated value
$18,655,000
Office buildings
5601 Butler National Dr Orlando, FL 32812-3023
Individually Owned
13-yr Hold
Free & Clear
Property ID
US18-7734323
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1995
Total area
100,611 SF
Lot
12.96 ac (564,458 SF)
Zoning code
AC-3/AN
APN
21-23-30-9020-04-000
UPID
US18-7734323
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
-
Rac4less Car Rental Facility
-
WallyPark Airport Parking (MCO) Moving Company Logistics Company
-
OnPoint COVID-19 Testing Medical Laboratory
-
GS Car Rental Car Rental Facility
-
Rent a Car 4 Less Orlando Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.89M
Blend (final)
Blend
$18.66M
Owner & transaction history
Lr Butler Natl Drive Orlando · 13 yrs held
Lr Butler Natl Drive Orlando
since 2012
6 recorded transactions
Zoning & alternative use
AC-3/AN · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Metropolitan Activity Center Aircraft Noise
General category
UNKNOWN
Zone area
9,695.25 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$30,195,000
Change: -5% · Conversion: Easy
RETAIL STORES
$25,580,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$18.66M
Range $16.79M – $20.52M · ±10%
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
$185 / 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
$290,866
Tax year 2023
Assessed value
$15,159,155
Assessed 2023
Previous assessed
$14,254,584
+6.3% YoY
Effective rate
1.92%
On assessed value
Assessed land
$6,034,059
Assessed improvement
$9,125,096
Land market value
$6,034,059
Improvement market value
$9,125,096
Total market value
$15,159,155
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
1995
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
21
Total area
100,611 SF
Lot
12.96 ac (564,458 SF)
Zoning code
AC-3/AN
APN
21-23-30-9020-04-000
UPID
US18-7734323
Jurisdiction
ORANGE
Zoning & alternative use
AC-3/AN · Orlando, FLZoning AC-3/AN · permitted uses
AC-3/AN · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Metropolitan Activity Center Aircraft Noise
General category
UNKNOWN
Zone area
9,695.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$30.2M
RETAIL STORES
Est. value
$25.6M
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
21
Lot
12.96 ac
Current owner
From public records · entity-resolved
Lr Butler Natl Drive Orlando
Individual
Free & Clear · 13 yrs held
Mailing address
990 W 8TH ST STE #600, LOS ANGELES, CA 90017-2831
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2026
—
Lr Butler National Drive Orlando Ll
—
Deed
related
$25,000,000 · Wells Fargo Bank NA
Nov 14, 2016
—
Lr Butler National Drive Orlan
—
Deed
related
$40,000,000 · Bank Leumi USA
Dec 7, 2012
$14,250,000
Lr Butler Natl Drive Orlando
Hertz Corp
Grant Deed
—
—
—
Columbia Frontage Road Invtr
—
Loan Modification
related
$64,568,000 · Bank Of America
—
—
Lr Butler Natl Drive Orlando
—
Deed Of Trust
related
$54,616,000 · Bank Of America
—
—
Lr Butler National Drive Orlan
—
Deed Of Trust
related
$40,000,000 · Bank Leumi USA
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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