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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Office buildings
5948 Turkey Lk Rd Orlando, FL 32819-4202
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-4121181
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2008
Total area
8,231 SF
Lot
0.46 ac (20,044 SF)
Zoning code
P-O
APN
23-23-28-0000-00-015
UPID
US18-4121181
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
-
National Pain Institute: Scott D. Sherman, MD Physician
-
Raul Carril Physician
-
National Spine & Pain Centers - Orlando Physician
-
Dr. Omar Quiles Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.34M
Owner & transaction history
Npi Sl R/e Holdings LLC · 14 yrs held
Npi Sl R/e Holdings LLC
since 2011
6 recorded transactions
Zoning & alternative use
P-O · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+8.7%
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%
$2,735,000
6.5%
$2,520,000
7%
$2,340,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,525,000
Current use
AUTO REPAIR, GARAGE
$2,745,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,470,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,210,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$2,095,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±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
$284 / 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
$28,785
Tax year 2023
Assessed value
$1,856,088
Assessed 2023
Previous assessed
$2,051,837
-9.5% YoY
Effective rate
1.55%
On assessed value
Assessed land
$224,493
Assessed improvement
$1,631,595
Land market value
$224,493
Improvement market value
$1,631,595
Total market value
$1,856,088
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
23
Total area
8,231 SF
Lot
0.46 ac (20,044 SF)
Zoning code
P-O
APN
23-23-28-0000-00-015
UPID
US18-4121181
Jurisdiction
ORANGE
Zoning & alternative use
P-O · Orlando, FL
Zoning P-O · permitted uses
P-O · 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
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
23
Lot
0.46 ac
Current owner
From public records · entity-resolved
Npi Sl R/e Holdings LLC
Entity
Mailing address
5365 ATLANTIC AVE STE 504A, DELRAY BEACH, FL 33484-8194
Ownership since
2011
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
Jun 16, 2016
—
Npi Sl Real Estate Holdings Ll
—
Deed
related
$5,000,000 · Marquis Bk
Nov 11, 2011
$750,000
Npi Sl R/e Holdings LLC
Eagle Fl V Spe LLC
Grant Deed
—
Jan 27, 2011
—
Eagle Fl V Spe LLC
Bfy Mgmt Group LLC Coc
Trustees Deed
related
—
May 6, 2005
$400,000
Bfy Management Group LLC
Robert L Hudson SR.
Warranty Deed
$300,000 · First Fsb Of Lake County
Mar 8, 2005
$345,000
Terry A Rodgers
Rampi,richard C & Patricia
Warranty Deed
$270,000 · Richard C & Patricia Rampi
—
—
Npi Sl Real Estate Holdings Ll
—
Deed Of Trust
related
$5,000,000 · Marquis Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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