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

    6500 Colonial Dr Orlando, FL 32818-6822

    • Office buildings
    • 6,213 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2022
    $940,000
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0311387
    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

    • Orange Realty Masters / Real Estate Rental Agency
    • Anderson Latoya / Insurance Agency
    • Timeshare Liberty Tower LLC / Marketing Consultant
    • Cynthia Tucker's Sewing / Clothing Alteration Service
    • Harv Motors / Used Car Dealer

    Property Details for 6500 Colonial Dr

    Year built
    1960
    Lot size
    0.51 lot acres
    Property size
    6,213 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    25-22-28-0000-00-040
    APU
    252228000000040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $925,000
      ML approach
      $965,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,339,000
      Market price range: $1.34M - $2.80M
      AI Estimate
      $728,000
      Market price range: $487k - $1.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.471
    Latitude
    28.5516
    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
    $11,756
    $397,106
    $363,422
    $760,528
    -
    $397,106
    $363,422
    $760,528

    Comparable in this City

    • Value Estimation
      $665,000
      16,246 SF

      6394 Silver Star Rd

      OFFICE BUILDING • 16,246 SF
      6394 Silver Star Rd, Orlando, FL 32818-3148
      View Details
    • Value Estimation
      $730,000
      8,772 SF

      6336 Colonial Dr

      PROFESSIONAL BUILDING • 8,772 SF
      6336 Colonial Dr, Orlando, FL 32818-7812
      View Details
    • Value Estimation
      $1,200,000
      3,375 SF

      7400 Colonial Dr

      OFFICE BUILDING (MULTI-STORY) • 3,375 SF
      7400 Colonial Dr, Orlando, FL 32818-6747
      View Details
    • Value Estimation
      $455,000
      8,296 SF

      885 Powers Dr

      OFFICE BUILDING • 8,296 SF
      885 Powers Dr, Orlando, FL 32818-6845
      View Details
    • Value Estimation
      $405,000
      3,052 SF

      600 Hart Blvd

      OFFICE BUILDING • 3,052 SF
      600 Hart Blvd, Orlando, FL 32818-6834
      View Details
    • Value Estimation
      $480,000
      7,532 SF

      8259 Clarcona Ocoee Rd

      PROFESSIONAL BUILDING • 7,532 SF
      8259 Clarcona Ocoee Rd, Orlando, FL 32818-1228
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available Near Wawa

      Land for sale or ground lease near Wawa.
      Sec Clarcona Ocoee Rd & Apopka Vineland Rd, Orlando, FL 32818
      View Details
    • $1,200,000
      3.30 Acres

      Orlando Land Ready For Development

      3.3 acres of land suitable for multifamily development.
      N Hiawassee Rd, Orlando, FL 32818
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    • $2,975,000

      Orlando 32.6-Acre Development Site

      Prime residential land, ideal for built-to-rent.
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    • Contact for pricing
      4.98 Acres

      Prime Commercial Land, Mt. Dora, FL

      4.98 Acres, High-Traffic Location
      0 Us-441, Orlando, FL 32818
      View Details
    • $924,000

      Two Acres in Orlando

      Two acre lot in Orlando, great investment opportunity!
      Hiawassee Rd, Orlando, FL 32818
      View Details
    • $395,000
      Pending

      Expansive Land in Orlando, Florida

      Almost 3-acre property in a desirable Orlando location.
      1807 Good Homes Rd, Orlando, FL 32818
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,089 SF

      Office Space with Ample Parking

      Flexible office space in a densely populated area.
      6336 W Colonial Dr, Orlando, FL 32818
      View Details
    • $21 SF/Yr
      22 SF

      Orlando Medical Center Office Space

      Turnkey medical spaces in West Orlando with abundant parking.
      6388 Silver Star Rd, Orlando, FL 32818
      View Details
    • $750 /Mo
      30,456 SF

      Orlando Office Space For Rent

      Second floor office space in secure building with road frontage.
      6900 Silver Star Rd, Orlando, FL 32818
      View Details
    • Contact for pricing
      508,390 SF

      Highland Lakes Center Retail Space

      Orlando Retail Center - Multiple Spaces Available
      7149 Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing
      113,252 SF

      Retail Space in Sun Plaza

      Save-A-Lot anchored shopping center in Pine Hills area.
      6385 West Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space on West Colonial

      Retail space available in a busy Orlando shopping center.
      7038-7264 W Colonial Dr, Orlando, FL 32818
      View Details
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    6500 Colonial Dr
    Orlando, FL 32818-6822
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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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