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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    606 Lee Rd Orlando, FL 32810-5613

    • Motels
    • 34,552 SF
    • 4.65 lot acres
    OFF-MARKET
    Value Estimations
    $2,350,000
    Show details
    Cap Rate Potential
    7.4%
    Motels
    Location Intelligence
    Property ID
    US18-5254203
    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

    • Ameriplan USA / Business Development Service / Dentist
    • Countryside Inn & Suites / Hotel
    • Noagai Mobile Detailing / Car Wash / Car Detailing Service
    • Designs by Squiggly. / Clothes Market

    Property Details for 606 Lee Rd

    Year built
    1970
    Lot size
    4.65 lot acres
    Property size
    34,552 SF
    Zone code
    C-2
    Property type
    Motels
    APN
    02-22-29-0000-00-056
    APU
    22229000000056

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $2,195,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,710,000
      6.5%
      $2,500,000
      7%
      $2,320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3876
    Latitude
    28.6045
    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
    $97,074
    $1,957,688
    $5,414,412
    $7,372,100
    -
    $1,957,688
    $5,414,412
    $7,372,100

    Comparable in this City

    • Value Estimation
      $1,265,000
      16,128 SF

      5300 Adanson St

      MOTEL • 16,128 SF
      5300 Adanson St, Orlando, FL 32810-5502
      View Details
    • Value Estimation
      $570,000
      8,616 SF

      6401 Orange Blossom Trl

      MOTEL • 8,616 SF
      6401 Orange Blossom Trl, Orlando, FL 32810-4119
      View Details
    • Value Estimation
      $3,625,000
      60,936 SF

      736 Lee Rd

      HOTEL • 60,936 SF
      736 Lee Rd, Orlando, FL 32810-5612
      View Details
    • Value Estimation
      $1,905,000
      70,507 SF

      1951 Smt Tower Blvd

      HOTEL • 70,507 SF
      1951 Smt Tower Blvd, Orlando, FL 32810-5910
      View Details
    • Value Estimation
      $1,635,000
      63,725 SF

      1750 Pembrook Dr

      HOTEL • 63,725 SF
      1750 Pembrook Dr, Orlando, FL 32810-6309
      View Details
    • Value Estimation
      $385,000
      6,315 SF

      4724 Orange Blossom Trl

      HOTEL • 6,315 SF
      4724 Orange Blossom Trl, Orlando, FL 32810-1603
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Lee Gardens Hotel: Prime Orlando Location

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      2.76 Acres

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    • $1,500,000

      Lee Road Development Opportunity

      High visibility land with development potential near Trotter's Park.
      1820 Lee Rd, Orlando, FL 32810
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      Commercial Development Opportunity in Orlando

      0.42 acre lot for commercial development with existing infrastructure.
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    Similar Nearby for Lease

    • Contact for pricing
      28,314 SF

      Adanson Marketplace Outparcel: Prime Land

      High-visibility commercial land, central Orlando.
      906 Lee Rd, Orlando, FL 32810
      View Details
    • Contact for pricing
      13,939 SF

      Orlando Commercial Land Opportunity

      Prime 0.32-acre lot in Orlando, FL
      1030 Lee Rd, Orlando, FL 32810
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease at 910 Lee Rd, Orlando, FL.
      910 Lee Rd, Orlando, FL 32810
      View Details
    • Contact for pricing
      3,139 SF

      Retail Space in Orlando

      3139 SF retail space available for rent in Orlando.
      902 Lee Rd, Orlando, FL 32810
      View Details
    • $23,000
      4 SF

      Cleared Industrial Land with Rail

      4.03 acres of secured industrial land for lease.
      6551 Magnolia Homes Rd, Orlando, FL 32810
      View Details
    • $72,500
      7 SF

      Prime Orlando Industrial Outdoor Storage

      8-acre industrial outdoor storage with frontage on Orange Blossom Trail.
      6620 North Orange Blossom Trl, Orlando, FL 32810
      View Details
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    606 Lee Rd
    Orlando, FL 32810-5613
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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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