Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    824 Mls Ave Orlando, FL 32803-4022

    • Investment properties
    • 1,836 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2877157
    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

    • Investment properties

    Property Details for 824 Mls Ave

    Year built
    1922
    Lot size
    0.14 lot acres
    Property size
    1,836 SF
    Zone code
    MU-1/T
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    24-22-29-6492-04-110
    APU
    242229649204110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3648
    Latitude
    28.5559
    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
    $7,190
    $259,780
    $126,868
    $386,648
    -
    $259,780
    $126,868
    $386,648

    Comparable in this City

    • Value Estimation by Request
      2,697 SF

      719 Irma Ave

      STORE/OFFICE (MIXED USE) • 2,697 SF
      719 Irma Ave, Orlando, FL 32803-3804
      View Details
    • Value Estimation
      $590,000
      1,955 SF

      203 Park Lk St

      STORE/OFFICE (MIXED USE) • 1,955 SF
      203 Park Lk St, Orlando, FL 32803-3823
      View Details
    • Value Estimation
      $575,000
      2,992 SF

      715 Colonial Dr

      STORE/OFFICE (MIXED USE) • 2,992 SF
      715 Colonial Dr, Orlando, FL 32803-4604
      View Details
    • Value Estimation by Request
      1,732 SF

      815 Colonial Dr

      STORE/OFFICE (MIXED USE) • 1,732 SF
      815 Colonial Dr, Orlando, FL 32803-4605
      View Details
    • Value Estimation by Request
      1,715 SF

      1115 Concord St

      STORE/OFFICE (MIXED USE) • 1,715 SF
      1115 Concord St, Orlando, FL 32803-4620
      View Details
    • Value Estimation
      $575,000
      1,971 SF

      2310 Concord St

      STORE/OFFICE (MIXED USE) • 1,971 SF
      2310 Concord St, Orlando, FL 32803-4924
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spacious Lot in Audubon Park

      Large lot near shops, restaurants, and zoned for great schools.
      2312 Corrine Dr, Orlando, FL 32803
      View Details
    • $799,000
      2,916 SF

      Orlando Duplex with Income Potential

      Two-story duplex in Orlando, offering immediate and future income.
      1312 Belgrade Ave, Orlando, FL 32803
      View Details
    • $698,000

      Orlando Duplex: Investment Opportunity

      Full duplex in Orlando with refreshed units and income potential.
      1039-1041 N Thornton Ave, Orlando, FL 32803
      View Details
    • $480,000
      1,268 SF

      Prime Orlando Commercial Land

      C-3 zoned land, redevelopment opportunity
      4205 Daubert St, Orlando, FL 32803
      View Details
    • $1,075,000

      Orlando Specialty Property For Sale

      Specialty property available in Orlando, Florida.
      415 N Ferncreek Ave, Orlando, FL 32803
      View Details
    • $699,000
      1,825 SF

      Orlando Duplex with High Income

      Duplex in prime location with high rental income potential.
      1612 Ferris Ave, Orlando, FL 32803
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,620 SF

      Retail Space in Ivanhoe Village

      End-cap retail space with patio in mixed-use development.
      1460 Alden Rd, Orlando, FL 32803
      View Details
    • Contact for pricing
      9,706 SF

      Prime Orlando Retail Space

      9,706 SF Available, High Traffic
      3225 Colonial Dr, Orlando, FL 32803
      View Details
    • $16,000 /Mo
      6,706 SF

      Prime Medical/Business District Office

      Colonial-style office building in a prime Orlando location.
      326 N Mills Ave, Orlando, FL 32803
      View Details
    • Contact for pricing
      2,403 SF

      Freestanding Building on Colonial Drive

      Two-story office building with excellent visibility and on-site parking.
      635-712 E Colonial Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      3,118 SF

      Former Bank Branch For Lease

      3,118 SF former bank branch with drive-thru lanes.
      3755 E Colonial Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      2,480 SF

      Renovated Retail Space For Rent

      Recently renovated retail space with flexible zoning in Orlando, FL.
      1517 Hillcrest St, Orlando, FL 32803
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    824 Mls Ave
    Orlando, FL 32803-4022
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!