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

    6121 Westwood Blvd Orlando, FL 32821

    • Strip malls
    • 44,846 SF
    • 7.03 lot acres
    OFF-MARKET
    Value Estimations
    $2,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1070288
    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

    • EasyGo Scooter Rentals / Mobility Equipment Supplier
    • Indian Cuisine / Restaurant

    Property Details for 6121 Westwood Blvd

    Year built
    1986
    Lot size
    7.03 lot acres
    Property size
    44,846 SF
    Zone code
    P-D
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12-24-28-0000-00-023
    APU
    122428000000023

    Description

    This exceptional 45,596 square foot power center, located at 6121 Westwood Boulevard in Orlando, Florida (zip code 32821), presents a significant retail leasing opportunity. The property boasts a prime location and offers a total of 45,596 square feet of retail space, currently featuring multiple tenants. A substantial 5,600 square feet of space is immediately available for lease, ideal for a variety of retail uses. The expansive 7.29-acre lot provides ample parking and visibility for potential tenants. This power center is strategically situated in Orlando, Florida, offering excellent access to major transportation routes and a thriving consumer base. The property's size and location make it an attractive option for businesses seeking high-traffic exposure and a strong presence in a dynamic market. The available 5,600 square feet offers a blank canvas for a new tenant to establish a significant retail presence. Interested parties are encouraged to inquire about lease terms and explore the potential of this exceptional retail space within this established power center. The property is classified as a multi-tenant retail space. The address is 6121 Westwood Blvd, Orlando, FL 32821.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $2,015,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,206,000
      Market price range: $1.56M - $5.30M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,020,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4614
    Latitude
    28.42
    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
    $167,338
    $7,929,259
    $2,077,574
    $10,006,833
    -
    $7,929,259
    $2,077,574
    $10,006,833

    Comparable in this City

    • Value Estimation
      $2,335,000
      33,117 SF

      5350 Central Florida Pkwy

      SHOPPING CENTER, STRIP CENTER • 33,117 SF
      5350 Central Florida Pkwy, Orlando, FL 32821-8772
      View Details
    • Value Estimation
      $1,195,000
      61,190 SF

      11701 International Dr

      SHOPPING CENTER, STRIP CENTER • 61,190 SF
      11701 International Dr, Orlando, FL 32821-7370
      View Details
    • Value Estimation by Request

      Lk St & Regency Vlg Dr

      Lifestyle centers
      0 Lk St & Regency Vlg Dr, Orlando, FL 32821
      View Details
    • Value Estimation
      $265,000
      0.06 Acres

      Vineland Ave

      PARKING LOT • 0.06 Acres
      Vineland Ave, Orlando, FL 32821
      View Details
    • Value Estimation
      $255,000
      0.26 Acres

      Recycle Way

      PARKING LOT • 0.26 Acres
      Recycle Way, Bay Lake, FL 32821
      View Details
    • Value Estimation
      $215,000
      7,763 SF

      12690 International S Dr

      RESTAURANT • 7,763 SF
      12690 International S Dr, Orlando, FL 32821-6942
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      639,462 SF

      Vineland Galleria Retail Opportunity

      Orlando Retail Space - Prime Location
      0 Lk St & Regency Vlg Dr, Orlando, FL 32821
      View Details
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      1,500 SF

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      Retail space available in Orlando near tourist attractions.
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    • $35 SF/Yr
      13,600 SF

      Westwood Center: Prime Orlando Location

      Medical/Office Space Available; I-4 Corridor
      6427 Westwood Blvd, Orlando, FL 32821
      View Details
    • Contact for pricing
      6,400 SF

      Retail Space on International Drive

      Retail space available in Orlando's tourist corridor.
      11701 International Dr, Orlando, FL 32821
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space on Westwood Boulevard

      Retail space available for rent in Orlando, Florida.
      6121-6175 Westwood Blvd, Orlando, FL 32821
      View Details
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    6121 Westwood Blvd
    Orlando, FL 32821
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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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