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    7128 Colonial Dr Orlando, FL 32807-6310
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    Property profile & analytics

    7128 Colonial Dr, Orlando, FL 32807-6310

    View on Map
    • Office buildings
    • 1,517 SF
    • 1.77 lot acres
    Off-Market
    Property ID
    US18-3186449
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TLV Auto Service Repair / Auto Repair Shop
    • 77 AUTO / Car Dealership
    • Cars Of Orlando / Car Dealership
    • Keys Motors Orlando / Car Dealership
    • Car Care Garage / Auto Repair Shop

    Property Details for 7128 Colonial Dr

    Year built
    1990
    Lot size
    1.77 lot acres
    Zone code
    C-2
    Property type
    Office buildings
    APN
    23-22-30-3217-00-040
    APU
    232230321700040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2012 — Grindle Auto Lots LLC Grindle Arthur E Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.2926
    Latitude
    28.5666
    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
    $16,806
    $655,605
    $477,278
    $1,132,883
    -
    $655,605
    $477,278
    $1,132,883

    Comparable in this City

    • Value Estimation by Request
      1,517 SF

      7040 Colonial Dr

      OFFICE BUILDING
      7040 Colonial Dr, Orlando, FL 32807-6308
      View Details
    • Value Estimation
      $615,000
      2,470 SF

      7032 Old Cheney Hwy

      OFFICE BUILDING
      7032 Old Cheney Hwy, Orlando, FL 32807-6218
      View Details
    • Value Estimation
      $14,970,000
      80,469 SF

      4974 Orl Tower Rd

      OFFICE BUILDING (MULTI-STORY)
      4974 Orl Tower Rd, Orlando, FL 32807-1684
      View Details
    • Value Estimation
      $1,340,000
      7,888 SF

      1287 Semoran Blvd

      PROFESSIONAL BUILDING
      1287 Semoran Blvd, Orlando, FL 32807-3530
      View Details
    • Value Estimation
      $2,640,000
      15,570 SF

      1771 Semoran Blvd

      OFFICE BUILDING (MULTI-STORY)
      1771 Semoran Blvd, Orlando, FL 32807-3544
      View Details
    • Value Estimation
      $2,735,000
      16,773 SF

      1303 Semoran Blvd

      PROFESSIONAL BUILDING
      1303 Semoran Blvd, Orlando, FL 32807-2915
      View Details

    Similar Nearby for Sale

    • $3,200,000
      6,315 SF

      Corner Parcel on High-Traffic Intersection

      Renovated mixed-use property with high visibility and development potential.
      798 North Semoran Blvd, Orlando, FL 32807
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    • $645,000
      1,782 SF

      Orlando Triplex with Existing Leases

      Straightforward triplex in East Orlando with leases in place.
      722 Tucker Ave, Orlando, FL 32807
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    • $240,000
      0.55 Acres

      Land in Orlando, Florida

      Ready-to-build lot in a great Orlando location.
      6935 Turquoise Ln, Orlando, FL 32807
      View Details
    • New
      $105,000
      0.48 Acres

      Vacant Residential Lot for Single-Family Home

      Nearly a half-acre vacant lot zoned R-1A, with survey available and a nearby shared pond between adjoining properties.
      1318 Coletta Dr, Orlando, FL 32807
      View Details

    Similar Nearby for Lease

    • $28,800

      Renovated Office Building on Semoran

      Spacious, renovated office building in a busy Orlando location.
      60 S Semoran Blvd, Orlando, FL 32807
      View Details
    • $33,600

      Office Space with Highway Exposure

      Office unit with highway exposure, private offices, and parking.
      1486 S Semoran Blvd, Orlando, FL 32807
      View Details
    • Contact for pricing

      Orlando Flex Space CommerCenter

      Industrial/Flex buildings in east central Orlando with convenient highway access.
      6124 Hanging Moss Rd, Orlando, FL 32807
      View Details
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    Orlando, FL 32807-6310
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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.

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