SPECIAL THANKS TO. #SOLakeNona

Transcription

1 SPECIAL /ocpafl #SOLakeNona

2 #SOLakeNona

3 SPECIAL GUEST Frank Kruppenbacher, Esq. Chairman, Greater Orlando Aviation Authority Attorney, Morgan and Morgan

4 5 LAKE NONA AT A GLANCE

5 32827 Area of Impact East: Moss Park West: Boggy Creek / OIA North: Dowden Road South: Osceola County Line 6 Source: Tavistock

6 LAKE NONA AT A GLANCE 2017 Population 18,216 7, Source: US Census

7 LAKE NONA AT A GLANCE Median Age 34 Total Parcels 16,687 On-site Employee Population 5,000 Lake Nona Population 25,866 8 Source: Steiner, Orange County Property Appraiser s office

8 LAKE NONA AT A GLANCE EDUCATION Primary School Secondary School 1667 Higher Education 9 Steiner, Orange County School Board

9 LAKE NONA AT A GLANCE Economy and Income US AVERAGE HOUSEHOLD INCOME LAKE NONA HOUSEHOLD INCOME $143,500 $55,322 ORANGE COUNTY HOUSEHOLD INCOME $49, Steiner

10 LAKE NONA AT A GLANCE Measures of Value Growth

11 LAKE NONA AT A GLANCE Development Timeline

12 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting Created CITY OF ORLANDO -Planning Land Value $283K Bldg Value $69K Taxes $13K Market Value $351K AG Value $58.5 M

13 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) 2007 CITY OF ORLANDO -Permitting Land clearing begins Development has started to the west. CITY OF ORLANDO -Planning Land Value $283K Bldg Value $0 Taxes $11K Market Value $351K AG Value $ 58.5 M

14 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting Agricultural exemption removed Property goes to full market value 2008 CITY OF ORLANDO -Planning SBI UCF Land Value $60M Bldg Value $0 Taxes $1M Market Value $351K to $60M AG Value $80.5 M

15 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting CITY OF ORLANDO -Planning Parcel is re-configured to represent the Greeneway Improvement District Plats working through the Planning Dept. Plats working through the Permitting Dept. SBI UCF Land Value $23.3M Bldg Value $0 Taxes $444K Market Value $60M to $55M AG Value $54.8M

16 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting CITY OF ORLANDO -Planning Orlando VA Medical Center breaks ground. Nemours Children s Hospital breaks ground NCH VAMC Land Value $193K Bldg Value $0 Taxes $10K Market Value $55M to $193K AG Value $50.6M

17 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting Laureate Park Phase 1A plat is approved and recorded 2011 CITY OF ORLANDO -Planning LP PH1A Land Value $1.6M Bldg Value $0 Taxes $20K Market Value $193K to $2M AG Value $41.2M

18 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting OCPA draws approved plat. Greeneway Imp. Dist special assessments begin. Agricultural exemption is reinstated CITY OF ORLANDO -Planning Laureate Park Ph 1B plat is approved & recorded. Land Value $22M Bldg Value $2M Taxes $533K Market Value $2M to $23M AG Value $79.9M

19 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting CITY OF ORLANDO -Planning OCPA draws approved plats Laureate Park Ph 3A, 1C, 2B, & 3B plats are approved & recorded. LP PH 1A LP PH 1B LP PH 3A LP PH 1C LP PH 2B LP PH 3B Land Value $28M Bldg Value $17M Taxes $2M Market Value $23M to $46M AG Value $56.6M

20 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting CITY OF ORLANDO -Planning OCPA draws approved plat Laureate Park Ph 2A plat is approved & recorded. LP PH 2A Land Value $46M Bldg Value $54M Taxes $3M Market Value $46M to $101M AG Value $61.6M

21 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting CITY OF ORLANDO -Planning OCPA draws approved plats Laureate Park Ph 5A & 5B plats are approved & recorded. LP PH 5A LP PH 5B Land Value $63M Bldg Value $129M Taxes $5M Market Value $101M to $193M AG Value $49.5M

22 GREENEWAY IMPROVEMENT DISTRICT ORANGE COUNTY PROPERTY APPRAISER (OCPA) CITY OF ORLANDO -Permitting CITY OF ORLANDO -Planning OCPA draws approved plats Preserve at Laureate Park Ph 1 & 2 plats are approved & recorded. Land Value $121M Bldg Value $235M Taxes TBD Market Value $193M to $358M AG Value $40.5M

23 24 A LOOK AT GROWTH IN LAKE NONA

24 LUXURY HOME SALES ON THE RISE 26 Source: Orange County Property Appraiser

25 HOME SALES PRICED $1,000,000 AND UP Number of Home Sales Source: Orange County Property Appraiser

26 HOME SALES PRICED $500,000 AND UP Number of Home Sales

27 RESIDENTIAL HOMES BUILT IN LAKE NONA Number of Home Sales Source: Orange County Property Appraiser

28 RESIDENTIAL HOMES BUILT IN LAKE NONA 884 HOMES BUILT IN LAKE NONA IN ,475 NEW SINGLE FAMILY HOMES IN ORANGE COUNTY IN 2017 $6.1 BILLION IN RESIDENTIAL MARKET VALUE GROWTH Source: Orange County Property Appraiser 30

29 RESIDENTIAL HOME SALES 1,617 RESIDENTIAL HOMES SALES IN Source: Orange County Property Appraiser

30 RESIDENTIAL HOME SALES RESIDENTIAL SALE VOLUME $626 Million AVERAGE RESIDENTIAL PRICE $387,

31 RESIDENTIAL MARKET VALUE RESIDENTIAL: 15,009 PARCELS $3.8 Billion RESIDENTIAL VACANT: 3,375 PARCELS $190 Million 33

32 ORLANDO INTERNATIONAL AIRPORT MARKET VALUE 222 PARCELS $2.6 Billion 34

33 NEW CONSTRUCTION $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $

34 $378 MILLION IN NEW CONSTRUCTION IN Source: Orange County Property Appraiser

35 $1 MILLION IN NEW CONSTRUCTION EVERY DAY 37 Source: Orange County Property Appraiser

36 UPCOMING PROJECTS IN LAKE NONA LAKE NONA WELLNESS CENTER JOHNSON & JOHNSON HEADQUARTERS KPMG TRAINING CAMPUS OIA EXPANSION LAKE NONA TOWN CENTER HOTEL AMAZON DISTRIBUTION CENTER TAVISTOCK LAKE NONA RESORT 38 Source: Orange County Property Appraiser

37 COMMERCIAL SALES COMMERCIAL SALE VOLUME $71.8 Million AVERAGE COMMERCIAL PRICE $8.9 Million 39

38 COMMERCIAL MARKET VALUE COMMERCIAL : 119 PARCELS $78 Million COMMERCIAL VACANT : 103 PARCELS $99 Million 40

39 The value of commercial property in Lake Nona is $5.8 BILLION 41 Source: Orange County Property Appraiser

40 16,687 TOTAL PARCELS 528 TANGIBLE PERSONAL PROPERTY (TPP) ACCOUNTS 42 Source: Orange County Property Appraiser

41 Orange County is the only county in the United States where each year the Property Appraiser must value: 7 major theme parks 16,228 timeshare units 87,857 hotel rooms 52,000 residential condos 122,072 apartment units 43 Source: Orange County Property Appraiser

42 $9.7B 2017 LAKE NONA MARKET VALUE $9.7 BILLION $5.7B $6.9B $8.2B $4.7B Source: Orange County Property Appraiser

43 NEW DIMENSIONS OF REAL ESTATE 45

44 New Micro Units 46

45 Tesla Rideshare Program 47

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47 Self Driving Cars Blends computer vision technology with programming to automate transportation

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52 Uses the Amazon name combined with the established peer-to-peer delivery platform to bring goods to consumers in a drastically reduced timeframe Amazon Prime Now

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54 OCPA INITIATIVES 56

55 IPAD FIELD APP THEN 57

56 IPAD FIELD APP NOW 58

57 32 BILLION VALUE CHALLENGED TECHNOLOGY = + 99 % TALENT SUCCESS RATE 59

58 OCPA WEBSITE 60

59 GIS TECHNOLOGY GIS WEBMAP : Lake Nona 2003 WEB DEMO TRAINING CLASS ORLANDO DOWNTOWN LIBRARY GIS WEBMAP : Lake Nona

60 COST SHARING 62

61 CUSTOMER SATISFACTION 63

62 ACCOUNTABILITY 64

63 ACCOUNTABILITY 65

64 SUMMARY THE STATE OF LAKE NONA REAL ESTATE IS STRONG! All of this information, including this presentation, is available at our website 66

65 /ocpafl #SOLakeNona

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