Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$16,755,000
Office buildings
7243 Della Dr Orlando, FL 32819-5104
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-3984825
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2017
Total area
61,804 SF
Lot
5.37 ac (233,961 SF)
Zoning code
C-1
APN
26-23-28-0000-00-050
UPID
US18-3984825
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
-
Orlando Health Physician Associates Medical Clinic
-
Orlando Health LabWorks - Spring Lake Hospital
-
Erica Pippin, MSN, FNP-C Physician
-
Physician associates Physician
-
Richard Freier, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.94M
Comparable Approach
Comparable
$18.59M
Blend (final)
Blend
$16.76M
Owner & transaction history
Dr Phillips INC · 12 yrs held
Dr Phillips INC
since 2014
1 recorded transaction
Zoning & alternative use
C-1 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.6M
+8.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$20,520,000
6.5%
$18,940,000
7%
$17,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,955,000
Current use
AUTO REPAIR, GARAGE
$20,615,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,550,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$16,590,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$15,715,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$16.76M
Range $15.08M – $18.43M · ±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
$271 / 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
$449,736
Tax year 2023
Assessed value
$29,463,463
Assessed 2023
Previous assessed
$27,918,364
+5.5% YoY
Effective rate
1.53%
On assessed value
Assessed land
$5,849,019
Assessed improvement
$23,614,444
Land market value
$5,849,019
Improvement market value
$23,614,444
Total market value
$29,463,463
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Rooms
651
Bathrooms
2
Total area
61,804 SF
Lot
5.37 ac (233,961 SF)
Zoning code
C-1
APN
26-23-28-0000-00-050
UPID
US18-3984825
Jurisdiction
ORANGE
Zoning & alternative use
C-1 · Orlando, FL
Zoning C-1 · permitted uses
C-1 · 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
OFFICE BUILDING Current
Est. value
$19.0M
AUTO REPAIR, GARAGE
Est. value
$20.6M
COMMERCIAL (GENERAL)
Est. value
$18.6M
WAREHOUSE, STORAGE
Est. value
$16.6M
RETAIL STORES
Est. value
$15.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
651
Bathrooms
2
Lot
5.37 ac
Current owner
From public records · entity-resolved
Dr Phillips INC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 692709, ORLANDO, FL 32869-2709
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2014
$5,452,000
Dr Phillips INC
Dr P Phillips Foundation
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7243 Della Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
