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Property profile & analytics
FOR SALE
Banks

1001 Red Bug Lake Rd Casselberry, FL 32707

3,716 SF 0.49 ac lot Built 1985
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-8148799
Property summary
AI-generated overview

This exceptional 3,716 square foot freestanding retail building is situated on a 0.85-acre lot at 1001 Red Bug Lake Road in Casselberry, Florida, zip code 32707. Previously a bank branch, this property offers significant potential for a variety of uses. The building boasts ample parking with 30 spaces, ensuring convenient access for customers and employees. Its highly visible location benefits from an average daily traffic count exceeding 98,000 vehicles, providing excellent exposure for any business. The property's zoning allows for expansion, with the potential to increase the building's footprint to up to 5,500 square feet. This presents a unique opportunity to customize the space to meet specific business needs. Located in Seminole County, this property is ideally suited for banks, credit unions, or medical offices seeking a prominent location with high visibility and ample parking. The property's strategic location and versatile design make it an attractive investment opportunity in a thriving Florida market. The address is easily accessible and benefits from strong local demographics. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1985
Construction CONCRETE BLOCKS
Total area 3,716 SF
Lot 0.49 ac (21,344 SF)
APN 21-21-30-530-0000-0020
UPID US18-8148799
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
  • Discount Tire Repair Parts General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.21M
Owner & transaction history
Casselboa LLC · 8 yrs held
Casselboa LLC
since 2018
3 recorded transactions
2018
$1.1M
2006
Price N/A
2005
$7.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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