105 Melody Ln Casselberry, FL 32707
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.
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O'Reilly Auto Parts Auto Parts Store
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Accident Injury Attorneys Casselberry Office Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.