Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1021 Lockwood Blvd Oviedo, FL 32765-6001
    Back to Search
    Property profile & analytics

    1021 Lockwood Blvd, Oviedo, FL 32765-6001

    View on Map
    • Community centers
    • 57,993 SF
    • 7.69 lot acres
    Off-Market
    Last Sale Feb 13, 2023
    $6,440,000
    Property ID
    US18-3854642
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Winn-Dixie / Grocery & Convenience Store / Food Market
    • Winn-Dixie Pharmacy / Grocery & Convenience Store / Food Market
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Evelyn Findling, RPH / Pharmacy
    • Primo Water Refill & Exchange / Big Box & Wholesale Store

    Property Details for 1021 Lockwood Blvd

    Year built
    1995
    Construction
    CONCRETE BLOCKS
    Lot size
    7.69 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    13-21-31-300-005C-0000
    APU
    132131300005C0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2023 $6,440,000 Fpc Lockwood LLC Lockwood Associates Of Georgia LP Special Warranty Deed —
    — — Lockwood Associates Of Georgia LP — Loan Modification · related $1.4M · Centerstate Bk/fl

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,665,000
      Market price range: $8.67M - $21.4M
      AI Estimate
      $8,665,000
      Market price range: $8.67M - $21.4M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,020,000
      WAREHOUSE, STORAGE
      $10,595,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.1779
    Latitude
    28.6567
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $90,232
    $0.00
    $0.00
    $5,527,440
    -
    $2,881,550
    $2,645,890
    $5,527,440

    Comparable in this City

    • Value Estimation
      $18,630,000
      81,091 SF

      1121 Alafaya Trl

      MINI-MALL
      1121 Alafaya Trl, Oviedo, FL 32765-4737
      View Details
    • Value Estimation
      $7,585,000
      50,771 SF

      83 Geneva Dr

      MINI-MALL
      83 Geneva Dr, Oviedo, FL 32765-6777
      View Details
    • Value Estimation
      $6,055,000
      16,398 SF

      976 Mitchell Hammock Rd

      MINI-MALL
      976 Mitchell Hammock Rd, Oviedo, FL 32765-8102
      View Details
    • Value Estimation by Request
      4,400 SF

      1065 Broadway St

      Lifestyle centers
      1065 Broadway St, Oviedo, FL 32765
      View Details
    • Value Estimation by Request
      7,182 SF

      3228 State Rd 426

      MINI-MALL
      3228 State Rd 426, Oviedo, FL 32765-8674
      View Details
    • Value Estimation
      $1,490,000
      6,000 SF

      3053 State Rd 426th Ste, Unit 111

      MINI-MALL
      3053 State Rd 426th Ste, Oviedo, FL 32765-7885
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,143 SF

      Retail Property on Aloma Avenue

      4,143+ SF retail property on 1.13+ AC for sale.
      3645 Aloma Ave, Oviedo, FL 32765
      View Details
    • Contact for pricing
      7,555 SF

      New Retail Building in Oviedo

      Freestanding retail building occupied by K9 Resorts Luxury Pet Hotel.
      2386 W State Road 426, Oviedo, FL 32765
      View Details
    • Contact for pricing
      2,795 SF

      Retail Space For Sale

      Retail space available for purchase.
      1045 Broadway St, Oviedo, FL 32765
      View Details
    • Contact for pricing
      5,401 SF

      Oviedo Pet Resort Investment

      NNN leased pet resort in desirable Oviedo market.
      2079 Winter Springs Blvd, Oviedo, FL 32765
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,777 SF

      Retail Space Near University

      Retail space in Publix-anchored center near UCF.
      4250 Alafaya Trl, Orlando, FL 32765
      View Details
    • Contact for pricing

      Retail Space on Aloma Avenue

      Retail spaces available in Oviedo, Florida with monument signage.
      426 Aloma Ave, Oviedo, FL 32765
      View Details
    • Contact for pricing
      6,142 SF

      Retail Space in Oviedo, Florida

      6,142 SF retail space with strong tenant lineup.
      167-199 E Mitchell Hammock Rd, Oviedo, FL 32765
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Aloma Avenue

      Retail spaces available with monument signage on Aloma Ave.
      5414 Deep Lake Rd, Oviedo, FL 32765
      View Details
    • Contact for pricing

      Oviedo Mall Retail and Medical Space

      Retail and medical spaces available in Oviedo Mall with many amenities.
      1700 Oviedo Mall Blvd, Oviedo, FL 32765
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Oviedo Power Center

      10,000 SF retail space for lease in Oviedo, Florida.
      1115 Vidina Pl, Oviedo, FL 32765
      View Details

    Property Visit Statistics

    • Visits by month
      62.9k
    • Visitors by month
      28.6k
    • Avg Time on site
      23 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1021 Lockwood Blvd
    Oviedo, FL 32765-6001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1021 Lockwood Blvd, Oviedo, FL, 32765
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!