859 Outer RdOrlando, FL 32814

  • Office buildings
  • 7,677 SF
For Sale
$3,000,000 View listing

Property Details for 859 Outer Rd

Year built
2006
Lot size
0.36 AC
Property size (Sq ft)
7,677 SF
Zone code
PD/AN
Property type
Office buildings
APN
20-22-30-0527-01-186
APU
202230052701186

Description

This 7,244 square foot vacant office building presents a unique owner-user opportunity in Orlando's desirable Baldwin Park neighborhood. Located at 859 Outer Road, 32814, this property offers versatile space suitable for medical or traditional office uses. Situated on a corner lot within a master-planned community, it benefits from a prime location minutes from shopping, downtown Orlando, and major tourist attractions. The building's strong location is supported by robust demographics, with a population of 113,089 and a median household income of $70,052 within a three-mile radius. A daytime population of 476,757 further enhances the area's appeal. The asking price is $3,000,000. This presents an excellent chance for businesses seeking a high-visibility location in a thriving community, or for investors looking to capitalize on the strong market demand for office space in Baldwin Park. The building is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. The property's size and location make it an ideal choice for a variety of professional uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,868,362
    6.5%
    $1,724,641
    7%
    $1,601,453
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,205,519
    Geo Method
    $1,205,519
  • Alternative Use

    Use
    Valuation
    Residential
    $2,138,555
    Hospitality
    $1,958,905
    Educational
    $1,629,786
    Medical
    $1,685,837
    Retail
    $2,535,223

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.5574
Longitude
-81.3291
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
$43,934
$819,844
$1,274,027
$2,093,871
-
$819,844
$1,274,027
$2,093,871

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