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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Office buildings
609 Virginia Dr Orlando, FL 32803-1844
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3976753
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1983
Total area
5,107 SF
Lot
0.48 ac (20,955 SF)
Zoning code
MU-1/T/SP
APN
24-22-29-4476-00-017
UPID
US18-3976753
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
-
Epoc Clinic: Stefanac Vera MD Physician
-
Epoc Clinic: Whitney Randall B MD Physician
-
Epoc Clinic: Pati Sangeeta MD Physician
-
AGR ADVANCED INJURY REHAB Alternative Medicine Practice
-
Andreea Maria Arsene-Weeks, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.71M
Owner & transaction history
609 Virginia LLC · 6 yrs held
609 Virginia LLC
since 2020
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
MU-1/T/SP · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Medium Intensity Mixed Use Corridors Traditional City Specially Planned Area
General category
MIXED_USE
Zone area
55.69 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.5M
+58.7%
Auto repair, garage
$1.7M
+7.1%
Commercial (general)
$1.7M
+5.8%
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
$1,710,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
$1,695,000
6.5%
$1,565,000
7%
$1,455,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
RESTAURANT
$2,525,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,705,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,680,000
Change: +6% · Conversion: Easy
RETAIL STORES
$1,375,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.27M (Jun 23 2020)
Last sale anchor
$1.27M
Jun 23 2020
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
$335 / 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
$23,899
Tax year 2023
Assessed value
$1,265,714
Assessed 2023
Previous assessed
$1,345,673
-5.9% YoY
Effective rate
1.89%
On assessed value
Assessed land
$587,578
Assessed improvement
$678,136
Land market value
$587,578
Improvement market value
$678,136
Total market value
$1,265,714
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
1983
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
17
Total area
5,107 SF
Lot
0.48 ac (20,955 SF)
Zoning code
MU-1/T/SP
APN
24-22-29-4476-00-017
UPID
US18-3976753
Jurisdiction
ORANGE
Zoning & alternative use
MU-1/T/SP · Orlando, FLZoning MU-1/T/SP · permitted uses
MU-1/T/SP · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Medium Intensity Mixed Use Corridors Traditional City Specially Planned Area
General category
MIXED_USE
Zone area
55.69 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
17
Lot
0.48 ac
Current owner
From public records · entity-resolved
609 Virginia LLC
Entity
Mailing address
8843 ELLIOTTS CT, ORLANDO, FL 32836-5028
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 23, 2020
$1,270,100
609 Virginia LLC
Arvind Mahendru
Grant Deed
$940,040 · Td Bk NA
Jun 2, 2020
$472,700
James S Pendergraft IV
609 Virginia Drive LLC
Warranty Deed
—
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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