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    Property profile & analytics

    7424 Colonial Dr Orlando, FL 32807-6316

    • Office buildings
    • 3,553 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Feb 15, 2024
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5563325
    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

    • Office buildings

    Property Details for 7424 Colonial Dr

    Year built
    1958
    Lot size
    0.43 lot acres
    Property size
    3,553 SF
    Zone code
    C-3
    Property type
    Office buildings
    APN
    23-22-30-0000-00-094
    APU
    232230000000094

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,180,000
      6.5%
      $1,090,000
      7%
      $1,010,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,125,000
      Current use
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $905,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.2865
    Latitude
    28.5678
    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
    $14,696
    $507,182
    $503,647
    $1,010,829
    -
    $507,182
    $503,647
    $1,010,829

    Comparable in this City

    • Value Estimation by Request
      1,517 SF

      7128 Colonial Dr

      OFFICE BUILDING • 1,517 SF
      7128 Colonial Dr, Orlando, FL 32807-6310
      View Details
    • Value Estimation by Request
      1,517 SF

      7040 Colonial Dr

      OFFICE BUILDING • 1,517 SF
      7040 Colonial Dr, Orlando, FL 32807-6308
      View Details
    • Value Estimation
      $615,000
      2,470 SF

      7032 Old Cheney Hwy

      OFFICE BUILDING • 2,470 SF
      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) • 80,469 SF
      4974 Orl Tower Rd, Orlando, FL 32807-1684
      View Details
    • Value Estimation
      $1,340,000
      7,888 SF

      1287 Semoran Blvd

      PROFESSIONAL BUILDING • 7,888 SF
      1287 Semoran Blvd, Orlando, FL 32807-3530
      View Details
    • Value Estimation
      $2,640,000
      15,570 SF

      1771 Semoran Blvd

      OFFICE BUILDING (MULTI-STORY) • 15,570 SF
      1771 Semoran Blvd, Orlando, FL 32807-3544
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,555 SF

      Renovated Office Building For Lease

      Vacant office building suitable for medical or corporate use.
      1501 S Semoran Blvd, Orlando, FL 32807
      View Details
    • Contact for pricing

      Prime Land Near Goldenrod Road

      Land near high-traffic intersection, close to downtown Orlando.
      7367 E Colonial Dr, Orlando, FL 32807
      View Details
    • $700,000

      Prime Development Site on Colonial

      3.48 acre commercial land with high traffic visibility.
      6675 East Colonial Dr, Orlando, FL 32807
      View Details

    Similar Nearby for Lease

    • $3,800 /Mo
      16,448 SF

      Versatile Space in Orlando

      2,850 SF suite ideal for office or light industrial.
      207 N Goldenrod Rd, Orlando, FL 32807
      View Details
    • Contact for pricing

      Goldenrod Road Office Space

      Office space for rent on Goldenrod Road in Orlando.
      1315 N Goldenrod Rd, Orlando, FL 32807
      View Details
    • Contact for pricing
      841 SF

      Office Space Near Orlando Airport

      Office space with ample natural light and easy airport access.
      520 N Semoran Blvd, Orlando, FL 32807
      View Details
    • Contact for pricing
      688 SF

      Office Space with Monument Signage

      Office space with high visibility and excellent access.
      1300 N Semoran Blvd, Orlando, FL 32807
      View Details
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    7424 Colonial Dr
    Orlando, FL 32807-6316
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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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