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    Property profile & analytics

    830 Lee Rd Orlando, FL 32810

    • Hotels
    • 69,776 SF
    • 1.76 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0774868
    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

    • Katerina Extended Stay - Orlando / Extended Stay Hotel / Hotel
    • FlexStay America / Low Income Housing Program
    • State of Hope / Non-Profit Organization
    • Katerina FlexStay / Extended Stay Hotel / Furnished Apartment Building

    Property Details for 830 Lee Rd

    Year built
    1985
    Lot size
    1.76 lot acres
    Property size
    69,776 SF
    Zone code
    C-2
    Property type
    Hotels
    APN
    02-22-29-0000-00-060
    APU
    22229000000060

    Description

    This 69,776 square foot, fee-simple owned hotel boasts 145 units with a current 90% occupancy rate. Situated on a 1.76-acre lot in Orlando, Florida (zip code 32810, 830 Lee Rd), this property offers significant upside potential. The building, constructed in 2006 and renovated in 2006, presents a deep value-add opportunity. Its prime location on Lee Road (36,500 AADT) provides immediate access to Interstate 4 (170,000 AADT), ensuring high visibility and accessibility. Nearby amenities include McDonald's, Walmart, 7-Eleven, Home Depot, Starbucks, and Denny's, all within walking distance. A bus stop is conveniently located on-site. The property's proximity to Downtown Winter Park (2.5 miles), known for its upscale dining and shopping, further enhances its appeal. The surrounding area demonstrates strong demographics, with 279,339 people residing within a 5-mile radius and an average household income of $87,654 within 3 miles. The property's versatility allows for future uses such as an assisted living facility or multi-family housing. The cost to construct a comparable new building would exceed $30 million. This presents a unique opportunity to acquire a well-located, high-performing asset with substantial future development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,765,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3921
    Latitude
    28.6074
    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
    $52,426
    $1,339,800
    $2,279,632
    $3,619,432
    -
    $1,339,800
    $2,279,632
    $3,619,432

    Comparable in this City

    • Value Estimation
      $3,625,000
      60,936 SF

      736 Lee Rd

      HOTEL • 60,936 SF
      736 Lee Rd, Orlando, FL 32810-5612
      View Details
    • Value Estimation
      $1,905,000
      70,507 SF

      1951 Smt Tower Blvd

      HOTEL • 70,507 SF
      1951 Smt Tower Blvd, Orlando, FL 32810-5910
      View Details
    • Value Estimation
      $1,635,000
      63,725 SF

      1750 Pembrook Dr

      HOTEL • 63,725 SF
      1750 Pembrook Dr, Orlando, FL 32810-6309
      View Details
    • Value Estimation
      $385,000
      6,315 SF

      4724 Orange Blossom Trl

      HOTEL • 6,315 SF
      4724 Orange Blossom Trl, Orlando, FL 32810-1603
      View Details
    • Value Estimation
      $1,720,000
      45,528 SF

      1760 Pembrook Dr

      HOTEL • 45,528 SF
      1760 Pembrook Dr, Orlando, FL 32810-6309
      View Details
    • Value Estimation by Request
      108,006 SF

      626 Lee Rd

      HOTEL • 108,006 SF
      626 Lee Rd, Orlando, FL 32810-5610
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Lee Gardens Hotel: Prime Orlando Location

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      Lee Road Development Opportunity

      High visibility land with development potential near Trotter's Park.
      1820 Lee Rd, Orlando, FL 32810
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      Prime Commercial Land Opportunity

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    Similar Nearby for Lease

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      Orlando Commercial Land Opportunity

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      Adanson Marketplace Outparcel: Prime Land

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      3,139 SF

      Retail Space in Orlando

      3139 SF retail space available for rent in Orlando.
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    • Contact for pricing

      Land Available For Lease

      Land available for lease at 910 Lee Rd, Orlando, FL.
      910 Lee Rd, Orlando, FL 32810
      View Details
    • $23,000
      4 SF

      Cleared Industrial Land with Rail

      4.03 acres of secured industrial land for lease.
      6551 Magnolia Homes Rd, Orlando, FL 32810
      View Details
    • $72,500
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      Prime Orlando Industrial Outdoor Storage

      8-acre industrial outdoor storage with frontage on Orange Blossom Trail.
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      View Details
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    830 Lee Rd
    Orlando, FL 32810
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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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