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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Grocery and convenience stores
2199 Lee Rd Winter Park, FL 32789-1867
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US19-0435081
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Total area
3,796 SF
Lot
0.36 ac (15,579 SF)
Zoning code
C-3
APN
01-22-29-0060-02-080
UPID
US19-0435081
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
-
Sunoco Gas Station Gas Station
-
Drake Auto Reconditioning & Upholstery Furniture & Home Goods
-
Crystal Glacier Ice & Water Big Box & Wholesale Store Distribution Center
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Phoenicia Investments Corp · 18 yrs held
Phoenicia Investments Corp
since 2007
7 recorded transactions
Zoning & alternative use
C-3 · Winter Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+252.6%
Office building
$660,000
+162.0%
Auto repair, garage
$460,000
+83.1%
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 Winter Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Park 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Change: +253% · Conversion: Easy
OFFICE BUILDING
$660,000
Change: +162% · Conversion: Moderate
AUTO REPAIR, GARAGE
$460,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$191 / 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
$9,541
Tax year 2023
Assessed value
$585,642
Assessed 2023
Previous assessed
$540,584
+8.3% YoY
Effective rate
1.63%
On assessed value
Assessed land
$273,256
Assessed improvement
$312,386
Land market value
$273,256
Improvement market value
$312,386
Total market value
$585,642
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
1
Total area
3,796 SF
Lot
0.36 ac (15,579 SF)
Zoning code
C-3
APN
01-22-29-0060-02-080
UPID
US19-0435081
Jurisdiction
ORANGE
Zoning & alternative use
C-3 · Winter Park, FL
Zoning C-3 · permitted uses
C-3 · Winter Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winter Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$885,000
OFFICE BUILDING
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Phoenicia Investments Corp
Entity
Mailing address
535 LITTLE WEKIVA RD, ALTAMONTE SPRINGS, FL 32714-7403
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2016
—
Phoenicia Investments Corporation
—
Deed
related
$750,000 · Seacoast National Bank
Sep 21, 2007
$960,000
Phoenicia Investments Corp
Bharrat,surijunuth & Liliwatti
Warranty Deed
$768,000 · Commerce National Bank
Dec 6, 2006
—
Five Star Of Ctrl Florida INC
—
Trustees Deed
related
$341,500 · Elite Commercial Props INC
Apr 12, 2004
$580,000
Surijunuth Bharrat
Wilnets INC
Grant Deed
$340,000 · Fidelity Bank Florida
Mar 18, 2002
$320,000
Wilnets INC
Bp Products North America INC
Grant Deed
$273,000 · Fidelity Bank Florida
—
—
Surujnauth T Bharrat
—
Deed Of Trust
related
$720,000 · First Florida Bank
—
—
Phoenicia Investments Corp
—
Deed Of Trust
related
$731,427 · Commerce National Bank
—
—
Surijunuth Bharrat
—
Deed Of Trust
related
$200,000 · Matt Jordan
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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