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Property profile & analytics
FOR SALE
Office buildings
80 W Michigan St Orlando, FL 32806
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-5257677
For Sale
1 / 18
$5,600,000
80 W Michigan St, Orlando, FL 32806
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2010
Total area
10,178 SF
Lot
0.99 ac (43,051 SF)
Zoning code
I-G/SP
APN
02-23-29-1184-02-090
UPID
US18-5257677
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
-
Vascular Specialists of Central Florida Physician Hospital
-
Adam B. Levitt, MD Physician Hospital
-
Michael J. Muehlberger, MD Physician Hospital
-
Kevin T. Claudeanos, M.D. Physician Hospital
-
Jon M. Wesley, M.D., F.A.C.S. Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$3.29M
Owner & transaction history
Vascular Real Estate Invs LLC · 17 yrs held
Vascular Real Estate Invs LLC
since 2009
5 recorded transactions
Zoning & alternative use
I-G/SP · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+9.0%
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%
$3,380,000
6.5%
$3,120,000
7%
$2,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,615,000
Current use
RESTAURANT
$5,030,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,935,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±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
$323 / 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
$64,562
Tax year 2023
Assessed value
$3,321,714
Assessed 2023
Previous assessed
$3,625,122
-8.4% YoY
Effective rate
1.94%
On assessed value
Assessed land
$685,807
Assessed improvement
$2,635,907
Land market value
$685,807
Improvement market value
$2,635,907
Total market value
$3,321,714
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
For Sale
Year built
2010
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
26
Total area
10,178 SF
Lot
0.99 ac (43,051 SF)
Zoning code
I-G/SP
APN
02-23-29-1184-02-090
UPID
US18-5257677
Jurisdiction
ORANGE
Zoning & alternative use
I-G/SP · Orlando, FL
Zoning I-G/SP · permitted uses
I-G/SP · 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
$4.6M
RESTAURANT
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
26
Lot
0.99 ac
Current owner
From public records · entity-resolved
Vascular Real Estate Invs LLC
Entity
Mailing address
80 W MICHIGAN ST, ORLANDO, FL 32806-4453
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2019
—
Vascular R & E Invs LLC
—
Deed
related
$1,500,000 · Centerstate Bk NA
Jan 12, 2009
$1,250,000
Vascular Real Estate Invs LLC
Fernandez,modesto A & Candida H V
Warranty Deed
$3,264,000 · Orange Bank
Jun 7, 2007
—
Modesto A Ferandez
—
Trustees Deed
related
$50,000 · Fernandez Frank Trust
—
—
Vascular R & E Invs LLC
—
Deed Of Trust
related
$1,500,000 · Centerstate Bk NA
—
—
Modesto A Fernandez
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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