5979 Vineland Rd, Orlando

Usage

Professional service building

Address:

5979 Vineland Rd
Orlando
FL 32801

Property Size:44,040 sq ft
Year Built:1989
Property Class:B3
Latitude:28.483
Longitude:-81.462

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Orange County County, Florida

Orange County is part of the East Central Florida region. Orlando is Orange County's largest city and is home to many of the country's most popular theme parks, making tourism the county's main industry. Other main industries for Orange County are life sciences & health care resources; modeling, simulation & training resources; optics & photonics resources; and clean technology.

Orange County is also home to the University of Central Florida, which is the second largest public university in the country at approximately 60,000 students. Orange County's largest private sector employers are Walt Disney World, Adventist Health Systems, Universal Orlando, Orlando Health, and Busch Entertainment Corp. Top public sector employers are Orange County Public Schools, Greater Orlando Aviation Authority, Orange County Government, and The University of Central Florida. ..more


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Links

  1. 5979 Vineland Rd, Orlando, FL on Google Maps
  2. Orlando, FL Property Values on Trulia
  3. Demographic Data for Zipcode 32801 from City-Data.com
  4. Orlando Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 32801 Zipcode

Owner Details

Companies near this Address

  1. Grace Dental , P.A. (5979 Vineland Road Suite 205)

Sales History

DateSold BySold ToDeed TypePrice
02/17/1989 Not Recorded Not Recorded Unknown 825,000.00

Orange County Real Estate - Orlando

Orlando

Orlando is the fifth most populated city in Florida and is located in Orange County. Orlando is often nicknamed "the theme park capital of the world," as it is home to Walt Disney World, Universal Studios, Seaworld, and numerous other theme parks. As a result, Orlando is also known as the tourist capital of the world, attracting 51 million tourists a year. Orlando is a popular destination for conventions: the Orange County convention center is the second largest in the world. The Orlando metropolitan area has a $13.4 billion technology industry and employs 53,000 people. Orlando is also home to the Darden Restaurants headquarters, the largest operator of restaurants in the world by revenue. The University of Central Florida also resides in Orlando and is the second largest university in the United States. Orlando's top employers are Walt Disney World, Orange County Public Schools, State of Florida Government, Adventist Health System, Florida Hospital, and Wal-Mart Stores.

Orlando is in East Central Florida. It's population as recorded in the 2010 Census was 238,300.

The median age for residents of Orlando is 32.8. Around 28.5% of Orlando households include school aged children and 16.7% of households include individuals aged 65 years or over. Census records indicate 57.5% of the Orlando population are White, 28% are Black or African American, .3% American Indian, 3.7% Asian and 3.4% are Two or more Races. Orlando has a significant Hispanic population. 25.3% (60,483) of Orlando residents are of Hispanic or Latino origin. Of these 7.04% are of Mexican origin, 51.58% Puerto Rican, 7.1% Cuban and 34.25% are of other Hispanic or Latino origin.

There are 121,254 housing units in Orlando. 18,733 (15.4%) of these were reported as vacant in the 2010 Census. There are 72,485 residential rental units in Orlando. 62,063 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.

Orlando links:

Nearby Cities

Local Household Income

The median household income in this part of Florida is $76,505. The bottom 10% of the population earn less than $25,531 per year. The top 10% earn more than $202,580 per year. The top 1% earn more than $544,851 per year. Most renters earn between $34,368 (20th percentile) and $61,092 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,129. Most renters earn between $2,864 and $5,091 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $891 (20th percentile) to $1,549 (80th percentile) range. The residential vacancy rate is 8%.

Estimated Value: 5979 Vineland Rd

Market Data

In 2013 class A professional service building properties in Orlando sold for $273.56 to 273.56 per sq ft with a median price per sq ft of $273.56. Class B properties sold for $11.99 to 273.55 per sq ft with a median of $267.09 and class C properties sold for $11.98 to 11.98 per sq ft with a median of $11.98.

Market Valuation

5979 Vineland Rd appears to be a B Class property. Suggested value: $11,762,644

HighMedianLow
Value12,047,142 11,762,644 528,040

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $7,444,214. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 5979 Vineland Rd. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent57,582
Annual Rent per Sq Ft15.69
Gross Annual Rent690,988
Vacancies and Bad Debt18%
Vacancies and Bad Debt Amount125,760
Maintenance4,168
HOA, Utilities and CAM0
Property Taxes9,581
Insurance7,775
Management Fees22,609
NOI521,095
Cap Rate7
Estimated Value7,444,214
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Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.