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    Property profile & analytics

    600 Colonial Dr Orlando, FL 32804-7308

    • Hotels
    • 12,133 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $2,590,000
    Show details
    Cap Rate Potential
    6.8%
    Hotels
    Location Intelligence
    Property ID
    US18-1193262
    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

    • Innerworks Counseling / Crisis Center / Medical Clinic
    • Heart Bonds Counseling / Care Services / Counselor
    • Howard Vernon Motel / Hotel & Motel
    • Royal American Management - Orlando Office / Property Management Company / Real Estate Rental Agency
    • Schrimsher Properties / Real Estate Agency

    Property Details for 600 Colonial Dr

    Year built
    1955
    Lot size
    0.82 lot acres
    Property size
    12,133 SF
    Zone code
    MU-1/T/PH
    Property type
    Hotels
    APN
    23-22-29-1600-10-010
    APU
    232229160010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,665,000
      Current use
      AUTO REPAIR, GARAGE
      $4,045,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $3,800,000
      Change: +43% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,345,000
      Change: +25% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,845,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $2,720,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.388
    Latitude
    28.5527
    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
    $50,444
    $1,360,960
    $1,274,420
    $2,635,380
    -
    $1,360,960
    $1,274,420
    $2,635,380

    Comparable in this City

    • Value Estimation by Request
      446,213 SF

      60 Ivanhoe Blvd

      HOTEL • 446,213 SF
      60 Ivanhoe Blvd, Orlando, FL 32804-6441
      View Details
    • Value Estimation
      $9,285,000
      64,158 SF

      2416 Orange Ave

      HOTEL • 64,158 SF
      2416 Orange Ave, Orlando, FL 32804-5513
      View Details
    • Value Estimation
      $1,670,000
      18,996 SF

      919 Colonial Dr

      MOTEL • 18,996 SF
      919 Colonial Dr, Orlando, FL 32804-7313
      View Details
    • Value Estimation by Request
      0.17 Acres

      4812 Edison Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      4812 Edison Ave, Orlando, FL 32804
      View Details
    • Value Estimation by Request
      0.01 Acres

      1601 Country Clb Dr

      GOLF COURSE • 0.01 Acres
      1601 Country Clb Dr, Orlando, FL 32804-6603
      View Details
    • Value Estimation by Request
      0.14 Acres

      4072 Edgewater Dr

      VACANT COMMERCIAL LAND • 0.14 Acres
      4072 Edgewater Dr, Orlando, FL 32804-2860
      View Details

    Similar Nearby for Sale

    • $9,000,000

      Orlando Motel with Restaurant

      107-room motel with restaurant, conference room, and pool.
      2014 W Colonial Dr, Orlando, FL 32804
      View Details
    • $1,098,999
      0.53 Acres

      Prime Orlando Commercial Land

      .53-Acre Double Frontage Development Site
      915 Colonial Dr, Orlando, FL 32804
      View Details
    • $399,000
      0.17 Acres

      Orlando Land Overlooking Golf Course

      Cleared lot ready for dream home construction near vibrant amenities.
      301 Niblick Way, Orlando, FL 32804
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    • $2,250,000
      Pending

      Lakefront Estate in College Park

      2.7-acre lakefront property in Orlando's prestigious College Park neighborhood.
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      View Details
    • $6,750,000
      10,750 SF

      Prime Orlando Industrial Warehouse

      10,750 SF Warehouse - $6.75M
      3777 John Young Pkwy, Orlando, FL 32804
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    • $2,995,000
      16.00 Acres

      Lake Fairview Development Land

      16 Acres, Prime Orlando Location
      4431 Orange Blossom Trl, Orlando, FL 32804
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    Similar Nearby for Lease

    • Contact for pricing
      108,224 SF

      Orlando Warehouse Space Available

      108,224 SF Warehouse - Flexible Suites
      2700 Hazelhurst Ave, Orlando, FL 32804
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    • Contact for pricing
      6,249 SF

      Modern Office Space For Rent

      Modern office space with high visibility and customizable layout.
      221 Ne Ivanhoe Blvd, Orlando, FL 32804
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    • Contact for pricing

      Orlando Warehouse with Truck Court

      Centrally located warehouse space with secure truck court.
      1900 West New Hampshire St, Orlando, FL 32804
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    • Contact for pricing
      1,560 SF

      Retail Space in Colonial Plaza

      Retail space available in historic Orlando shopping center.
      2712 E Colonial Dr, Orlando, FL 32804
      View Details
    • Contact for pricing
      6,315 SF

      College Park Office Space Available

      Professional office space in desirable College Park location for rent.
      1615 Edgewater Dr, Orlando, FL 32804
      View Details
    • Contact for pricing
      3,069 SF

      Retail Space on Colonial Drive

      3,069 SF retail space with high traffic volume.
      3021 E Colonial Dr, Orlando, FL 32804
      View Details

    Property Visit Statistics

    • Visits by month
      16.2k
    • Visitors by month
      13.6k
    • Avg Time on site
      8 min
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    600 Colonial Dr
    Orlando, FL 32804-7308
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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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