1803 Park Center DrOrlando, FL 32835

Property Details for 1803 Park Center Dr

Year built

1990

Lot size

1.18 AC

Property size (Sq ft)

22,010 SF

Zone code

AC-2

Property type

Office buildings

APN

01-23-28-6519-00-020

APU

12328651900020

Description

This exceptional 22,010 square foot office building, situated on a 1.18-acre lot in Orlando's MetroWest submarket, presents a fantastic opportunity. Built in 1990 and extensively renovated in 2023, this Class B property offers 2,025 square feet of immediately available space, perfect for a single tenant or easily divisible for smaller businesses. The building features a desirable 12-foot ceiling height, adding to its spacious feel. With one elevator servicing two stories, accessibility is ensured. Ample parking is provided with 76 spaces. The property's location at 1803 Park Center Dr, Orlando, FL 32835 (cross street: Park Center Dr), benefits from high visibility and convenient access to Kirkman Rd, a major thoroughfare with approximately 59,000 vehicles passing daily. The surrounding area boasts strong demographics, with over 112,000 residents within a 3-mile radius and projected growth to 117,000, indicating a positive future trend. Numerous retail amenities, including fast food, banking, grocery stores, and fitness centers, are conveniently located nearby, enhancing the property's appeal and supporting a thriving business environment. The property is zoned AC-2 and its APN is 01-23-28-6519-00-020. This is a rare opportunity to secure prime office space in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,335,788

  6.5%

  $4,002,266

  7%

  $3,716,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,456,230

  Geo Method

  $3,456,230

• Alternative Use

  Use

  Valuation

  Residential

  $4,962,810

  Hospitality

  $4,545,908

  Educational

  $3,782,142

  Medical

  $3,912,216

  Retail

  $5,883,332

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5196

Longitude

-81.4707

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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