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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office buildings
6049 Randolph Ave Belle Isle, FL 32809-4260
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-0944114
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
6,410 SF
Lot
0.57 ac (24,800 SF)
Zoning code
C-2
APN
24-23-29-3400-00-114
UPID
US18-0944114
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.26M
Owner & transaction history
Crm Florida Properties LLC · 14 yrs held
Crm Florida Properties LLC
since 2011
2 recorded transactions
Zoning & alternative use
C-2 · Belle Isle, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-2 general commercial district is composed of certain land and structures used to provide for the retailing of commodities, the furnishing of several major services, selected trade shops and automotive repairs, Characteristically, this type of district occupies an area larger than that of the retail commercial district and is intended to serve a conside…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
14.06 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 Belle Isle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belle Isle 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
OFFICE BUILDING
$1,980,000
Current use
RETAIL STORES
$1,950,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$197 / 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
Assessed value
$427,244
Assessed 2023
Previous assessed
$399,646
+6.9% YoY
Assessed land
$145,576
Assessed improvement
$281,668
Land market value
$145,576
Improvement market value
$281,668
Total market value
$427,244
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
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
11
Total area
6,410 SF
Lot
0.57 ac (24,800 SF)
Zoning code
C-2
APN
24-23-29-3400-00-114
UPID
US18-0944114
Jurisdiction
ORANGE
Zoning & alternative use
C-2 · Belle Isle, FLZoning C-2 · permitted uses
C-2 · Belle Isle, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-2 general commercial district is composed of certain land and structures used to provide for the retailing of commodities, the furnishing of several major services, selected trade shops and automotive repairs, Characteristically, this type of district occupies an area larger than that of the retail commercial district and is intended to serve a considerably greater population by offering a wider range of services
Zone name
General Commercial
General category
COMMERCIAL
Zone area
14.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Lot
0.57 ac
Current owner
From public records · entity-resolved
Crm Florida Properties LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1600 NELA AVE, BELLE ISLE, FL 32809-6184
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2011
$13,434,500
Crm Florida Properties LLC
Pine Castle Methodist Ch INC
Warranty Deed
—
Jan 24, 2000
$250,000
Orlando Marine Institute INC
Thrailkill,dorothy S
Grant Deed
$254,341 · Bank Of America
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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