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Property profile & analytics
OFF-MARKET
Estimated value
$355,000
Commercial land
1123 Orange W Blvd Winter Garden, FL 34787-4233
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3553102
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.42 ac (105,435 SF)
Zoning code
C-2
APN
27-22-27-0000-00-145
UPID
US18-3553102
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$355k
Owner & transaction history
Varun Ramnarine · 1 yrs held
Varun Ramnarine
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · Winter Garden, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is intended to apply to retail and professional service areas adjacent to and fronting on designated arterial streets and for the development of needed highway oriented commercial services
Zone name
Arterial Commercial District
General category
COMMERCIAL
Zone area
826.46 ac
Source
Realmo
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 Garden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Garden 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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$355k
Range $320k – $391k · ±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
—
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
$12,078
Tax year 2023
Assessed value
$759,131
Assessed 2023
Previous assessed
$632,610
+20.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$759,131
Land market value
$759,131
Total market value
$759,131
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2.42 ac (105,435 SF)
Zoning code
C-2
APN
27-22-27-0000-00-145
UPID
US18-3553102
Jurisdiction
ORANGE
Zoning & alternative use
C-2 · Winter Garden, FLZoning C-2 · permitted uses
C-2 · Winter Garden, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-2 zone is intended to apply to retail and professional service areas adjacent to and fronting on designated arterial streets and for the development of needed highway oriented commercial services
Zone name
Arterial Commercial District
General category
COMMERCIAL
Zone area
826.46 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
2.42 ac
Current owner
From public records · entity-resolved
Varun Ramnarine
Individual
Mailing address
9202 CUT SHOT DR, WINTER GARDEN, FL 34787-0104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
$875,000
Varun Ramnarine
Red Zero Real Estate LLC
Warranty Deed
$450,000 · First Horizon Bank
Jun 9, 2023
—
Red Zero Real Estate LLC
—
Deed
related
$549,712 · Orlando FCU
Dec 14, 2020
$1,200,000
Wash & Go Winter Garden LLC
14580 W Colonial Dr LLC
Grant Deed
$4,027,000 · Beach Bk
Jul 7, 2015
$550,000
14580 W Colonial Dr LLC
Surety Bank
Warranty Deed
$420,000 · Surety Bank
Jan 30, 2015
—
Surety Bk
Hernandez Joseph F Coc
Trustees Deed
related
—
Jul 9, 2013
$775,000
Bamm Holdings LLC
Surety Bank
Warranty Deed
$581,250 · Surety Bank
Apr 9, 2013
—
Surety Bk
Khay,mom
Warranty Deed
—
Feb 20, 2013
$916,100
Surety Bk
Phok K Corp
Warranty Deed
—
Jan 26, 2009
—
Mom Khay
Phok K Corp
Warranty Deed
—
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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