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Property profile & analytics
OFF-MARKET
Estimated value
$4,290,000
Retail space
1669 Silver Star Rd Ocoee, FL 34761-7015
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1446506
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
17,116 SF
Lot
1.74 ac (75,864 SF)
Zoning code
PUD-COMM
APN
16-22-28-6166-00-040
UPID
US18-1446506
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Fereshteh Edalat, PharmD Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
$5.17M
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$4.29M
Owner & transaction history
Walgreen Co · 2 yrs held
Walgreen Co
since 2024
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
PUD-COMM · Ocoee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$7.1M
+56.0%
Commercial (general)
$5.9M
+29.1%
Auto repair, garage
$5.8M
+26.2%
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 Ocoee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocoee 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
$4,290,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
$5,600,000
6.5%
$5,170,000
7%
$4,800,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,560,000
Current use
INDUSTRIAL (GENERAL)
$7,110,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,885,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,755,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$5,460,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±10% · vs last sale $4.29M (Mar 4 2024)
Last sale anchor
$4.29M
Mar 4 2024
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
$251 / 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
$57,185
Tax year 2023
Assessed value
$3,509,873
Assessed 2023
Previous assessed
$3,356,932
+4.6% YoY
Effective rate
1.63%
On assessed value
Assessed land
$986,227
Assessed improvement
$2,523,646
Land market value
$986,227
Improvement market value
$2,523,646
Total market value
$3,509,873
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
4
Total area
17,116 SF
Lot
1.74 ac (75,864 SF)
Zoning code
PUD-COMM
APN
16-22-28-6166-00-040
UPID
US18-1446506
Jurisdiction
ORANGE
Zoning & alternative use
PUD-COMM · Ocoee, FL
Zoning PUD-COMM · permitted uses
PUD-COMM · Ocoee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocoee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.5M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
1.74 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Free & Clear · 2 yrs held
Mailing address
200 S BISCAYNE BLVD #3, MIAMI, FL 33131-2310
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Walgreen Co
Cotrust Wash LLC
Lease
—
Mar 4, 2024
$4,292,200
Cotrust Wash LLC
Walgreen Co
Special Warranty Deed
$32,800,000 · Wells Fargo Bank NA
Oct 15, 2007
$4,925,000
Walgreen Co
Olympia Dev Group INC
Grant 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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