OFF-MARKET
Office buildings
Entity Owned
1-yr Hold
~
Est. High Equity
Entity Owned Property summary
AI-generated overview
This fee-simple, Class B medical office building in Orlando, Florida, offers 11,773 square feet of vacant space, ideal for owner-users. Located at 7040 Lake Ellenor Dr, 32809, this property boasts a prime location near key healthcare and research hubs. The building, renovated in 2021, features advanced buildouts suitable for biotech, pharmaceutical, or research businesses. Its energy-efficient design includes solar panels, minimizing operational costs. With 39 parking spaces and a pro-forma cap rate of 11%, this presents a strong investment opportunity. The property is classified as Industrial, Office, with subtypes including Manufacturing, Medical Office, and R&D. Available for occupancy August 30, 2024, this turnkey facility allows for immediate operations, eliminating lengthy buildout delays. The building's modern infrastructure and strategic location within Orlando's thriving life sciences market make it an exceptional choice for businesses seeking efficient and cost-effective expansion or relocation. This single-building property offers a significant advantage to companies prioritizing speed to market in the competitive life sciences sector. The potential for purchasing existing lab equipment further enhances its appeal.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1966
Total area
12,470 SF
Lot
1.03 ac (44,731 SF)
Zoning code
IND-2/IND-3
APN
27-23-29-8086-01-010
UPID
US18-2319633
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility
-
Hardware & Home Improvement HVAC Service
-
Physician
-
Nursing Home
-
Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.18M
CAP Approach
CAP
$3.82M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$3.47M
Owner & transaction history
since 2024
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Top alternative use upside
Commercial (general)
$5.0M
+30.7%
Auto repair, garage
$4.2M
+8.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.47M
Value range
$3.12M – $3.81M
±10% around blend
Estimated value / SF
$278 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$3.12M
blend $3.47M
$3.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,470 SF
Lot area
1.03 ac
Year built
1966
Stories
1
APN
27-23-29-8086-01-010
Assessed value
$1,266,118
Annual tax
$21,641
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.82M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.14M
@ 6.5% CAP return
$3.82M
@ 7% CAP return
$3.55M
4
Sales comparison
Partial preview
Sales approach indication
$3.18M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.5 mi away · 12,211 SF
11.2 mi away · 12,823 SF
11.4 mi away · 15,985 SF
11.5 mi away · 9,450 SF
12.1 mi away · 9,464 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 68 sales
$309
-10%
Submarket 635 sales
$317
-12%
County 836 sales
$318
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $278/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+31%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.00%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$170k *
Last sale · Sep 2024
$2.43M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.40M
Move the market yield to see immediate price impact.
Value / SF
$272
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$153k
$3.40M
$3.06M
$2.78M
$170k
$3.77M
$3.40M
$3.09M
$187k
$4.15M
$3.73M
$3.40M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$3.50M
6.1 mi · Jan 2026 · $313/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,641
Tax year 2023
Assessed value
$1,266,118
Assessed 2023
Previous assessed
$1,168,979
+8.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$290,752
Assessed improvement
$975,366
Land market value
$290,752
Improvement market value
$975,366
Total market value
$1,266,118
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
44
Total area
12,470 SF
Lot
1.03 ac (44,731 SF)
Zoning code
IND-2/IND-3
APN
27-23-29-8086-01-010
UPID
US18-2319633
Jurisdiction
ORANGE
Zoning & alternative use
IND-2/IND-3 · Orlando, FLZoning IND-2/IND-3 · permitted uses
IND-2/IND-3 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
44
Lot
1.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IND-2/IND-3
Jurisdiction
Orlando, FL
Recorded code
IND-2/IND-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IND-2/IND-3 in Orlando, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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