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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Parking lots & garages
622 Washington St Orlando, FL 32801-2965
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4903124
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2001
Total area
134,681 SF
Lot
1.19 ac (51,732 SF)
Zoning code
PD/T
APN
25-22-29-5668-00-030
UPID
US18-4903124
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
-
Apex Meeting Space Real Estate Agency
-
CHEYENNE SALOON Bar & Pub
-
Legal Realtime Reporting, Inc. Law Firm
-
American Academy of Optometry Charitable Organization Social Service Agency
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$1.38M
Owner & transaction history
Florida First Cap Fin Corp · 7 yrs held
Florida First Cap Fin Corp
since 2018
6 recorded transactions
Zoning & alternative use
PD/T · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$945,000
Current use
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$10 / 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
$139,221
Tax year 2023
Assessed value
$7,224,213
Assessed 2023
Previous assessed
$7,160,612
+0.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,813,724
Assessed improvement
$5,410,489
Land market value
$1,813,724
Improvement market value
$5,410,489
Total market value
$7,224,213
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
NONE
Buildings
2
Stories
6
Rooms
66
Total area
134,681 SF
Lot
1.19 ac (51,732 SF)
Zoning code
PD/T
APN
25-22-29-5668-00-030
UPID
US18-4903124
Jurisdiction
ORANGE
Zoning & alternative use
PD/T · Orlando, FL
Zoning PD/T · permitted uses
PD/T · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$945,000
PARKING LOT Current
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
2001
Heating
NONE
Cooling
Yes
Stories
6
Buildings
2
Rooms
66
Lot
1.19 ac
Current owner
From public records · entity-resolved
Florida First Cap Fin Corp
Entity
Mailing address
100 W LUCERNE CIR STE #500, ORLANDO, FL 32801-3794
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2018
$3,267,000
Florida First Cap Fin Corp
Orchid Medical INC
Grant Deed
related
—
Dec 13, 2018
—
Om Thornton Pk Prop LLC
—
Deed
related
$3,267,000 · Florida First Cap Fin
Apr 13, 2018
$79,000
Om Thornton Park Properties LLC
Thornton Park Central LLC
Special Warranty Deed
$3,992,400 · Fifth Third Bank
Oct 13, 1999
$1,850,000
Thornton Park Central LLC
Greater Orlando Association
Grant Deed
—
—
—
Om Thornton Pk Prop LLC
—
Loan Modification
related
$3,267,000 · Florida First Cap Fin
—
—
Thornton Park Central LLC
—
Deed Of Trust
related
$5,840,000 · C1 Bk
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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