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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Retail space
8615 Florida Rock Rd Orlando, FL 32824-7800
Entity Owned
17-yr Hold
Free & Clear
Property ID
US18-3351414
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
6,590 SF
Lot
52.08 ac (2,268,641 SF)
Zoning code
IND-4
APN
36-23-29-8920-01-040
UPID
US18-3351414
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
-
Dockside Grill Restaurant
-
Orlando Watersports Complex Resort
-
Orlando international airport Hotel & Motel Bed & Breakfast
-
Water Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Matthias Hofmann LLC · 17 yrs held
Matthias Hofmann LLC
since 2008
3 recorded transactions
Zoning & alternative use
IND-4 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+31.2%
Office building
$2.1M
+24.5%
Commercial (general)
$2.0M
+18.0%
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%
$2,155,000
6.5%
$1,990,000
7%
$1,850,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,675,000
Current use
AUTO REPAIR, GARAGE
$2,200,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,085,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,980,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,545,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$232 / 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
$27,247
Tax year 2023
Assessed value
$1,998,438
Assessed 2023
Previous assessed
$1,697,247
+17.7% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,147,044
Assessed improvement
$851,394
Land market value
$1,147,044
Improvement market value
$851,394
Total market value
$1,998,438
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
6,590 SF
Lot
52.08 ac (2,268,641 SF)
Zoning code
IND-4
APN
36-23-29-8920-01-040
UPID
US18-3351414
Jurisdiction
ORANGE
Zoning & alternative use
IND-4 · Orlando, FLZoning IND-4 · permitted uses
IND-4 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
52.08 ac
Current owner
From public records · entity-resolved
Matthias Hofmann LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 771539, ORLANDO, FL 32877-1539
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
—
Matthias Hofmann LLC
—
Deed
related
$2,250,000 · One Florida Bk
Dec 31, 2008
—
Matthias Hofmann LLC
Hofmann,matthias
Quit Claim Deed
related
—
—
—
Matthias Hofmann LLC
—
Deed Of Trust
related
$2,250,000 · One Florida Bk
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.
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