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Property profile & analytics
OFF-MARKET
Estimated value
$21,290,000
Community centers
145 Wekiva Spgs Rd Longwood, FL 32779-6088
Entity Owned
Free & Clear
Property ID
US18-4179348
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1979
Construction
CONCRETE
Total area
64,781 SF
Lot
7.91 ac (344,472 SF)
APN
03-21-29-300-009B-0000
UPID
US18-4179348
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
by Request
CAP Approach
CAP
$19.22M
Comparable Approach
Comparable
$21.22M
Blend (final)
Blend
$21.29M
Owner & transaction history
Lmi Springs Plaza LLC
Lmi Springs Plaza LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.9M
+107.9%
Commercial (general)
$17.2M
+19.3%
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 Longwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longwood 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
$21,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,825,000
6.5%
$19,220,000
7%
$17,850,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,395,000
Current use
AUTO REPAIR, GARAGE
$29,920,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,170,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$21.29M
Range $19.16M – $23.42M · ±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
$329 / SF
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
$194,396
Tax year 2023
Assessed value
$14,607,471
Assessed 2023
Previous assessed
$13,221,498
+10.5% YoY
Effective rate
1.33%
On assessed value
Land market value
$3,045,327
Improvement market value
$11,562,144
Total market value
$14,607,471
Applied tax rate
1.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
22
Total area
64,781 SF
Lot
7.91 ac (344,472 SF)
APN
03-21-29-300-009B-0000
UPID
US18-4179348
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$29.9M
COMMERCIAL (GENERAL)
Est. value
$17.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
22
Lot
7.91 ac
Current owner
From public records · entity-resolved
Lmi Springs Plaza LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2002 CLIPPER PARK RD STE #105, BALTIMORE, MD 21211-1494
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Lmi Springs Plaza LLC
Springs Plaza Longwood LLC
Special Warranty Deed
—
Dec 3, 2025
$20,500,000
Lmi Springs Plaza LLC
Springs Plaza Longwood LLC
Special Warranty Deed
—
May 12, 2022
—
Springs Plaza Longwood LLC
Agre Springs Plaza Owner LLC
Quit Claim Deed
related
$12,600,000 · First Horizon Bank
May 12, 2022
$19,475,000
Springs Plaza Longwood LLC
Agre Springs Plaza Owner LLC
Special Warranty Deed
—
Apr 9, 2019
$14,300,000
Agre Springs Plaza Owner LLC
Mskp Springs Plaza LLC
Grant Deed
—
Dec 11, 2006
$21,510,700
Mskp Springs Plaza LLC
Woolbright Springs Plaza LLC
Grant Deed
—
Dec 11, 2006
—
Mskp Springs Plaza LLC
Woolbright Springs Plaza LLC
Quit Claim Deed
related
—
Jul 27, 2005
$10,000,000
Woolbright Springs Plaza LLC
Spears,wendell E
Grant Deed
$11,700,000 · Rbc Centura Bank
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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