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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

105 Melody Ln Casselberry, FL 32707

28,060 SF 2.18 ac lot Built 1962
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 28,060 square foot retail property situated on a 2.18-acre lot in Casselberry, Florida. The property features a credit-rated O'Reilly Auto Parts store as its primary tenant, operating under a net lease with approximately 2 years remaining on the current term. Two additional vacant buildings offer significant redevelopment potential, allowing for expansion or diversification of the property's income stream. Built in 1962 and renovated in 1983, the property boasts excellent visibility along US-17, with high daily traffic volume exceeding 53,000 vehicles. The location benefits from a dense population base, with over 237,054 residents within a 5-mile radius and an average household income of $102,277. The asking price is $2,800,000, translating to $99.79 per square foot. This multi-tenant property offers a compelling blend of existing income and future development prospects in a prime location just 12 miles from Orlando. The property's current occupancy is 31%, with three total units. Detailed financial and lease information for the O'Reilly Auto Parts tenant is available upon request. This is a rare opportunity to acquire a substantial retail property with strong existing tenancy and significant upside potential in a thriving Florida market.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1962
Total area 28,060 SF
Lot 2.18 ac (94,961 SF)
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
  • O'Reilly Auto Parts Auto Parts Store
  • Accident Injury Attorneys Casselberry Office Law Firm
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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