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Property profile & analytics
FOR LEASE
Office buildings
175 E Main St Apopka, FL 32703
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2083224
For Lease
1 / 9
$2,670,000
175 E Main St, Apopka, FL 32703
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Total area
14,276 SF
Lot
1.1 ac (47,823 SF)
Zoning code
MU-D
APN
10-21-28-8643-00-030
UPID
US18-2083224
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
-
Apopka Discount Porta Potty Rental Building Supply
-
Mike Canavan, NEXTHOME ARROWSMITH REALTY Real Estate Agency
-
MapleOak Garage Door Repair Building Supply General Contractor
-
Sunoco Gas Station Gas Station
-
Tyler Adams Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$3.50M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.67M
Owner & transaction history
Jareag 175 LLC · 3 yrs held
Jareag 175 LLC
since 2023
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
MU-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Apopka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apopka 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
$2,430,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
$3,790,000
6.5%
$3,500,000
7%
$3,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,800,000
Change: -17% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,700,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10% · vs last sale $2.65M (Apr 10 2023)
Last sale anchor
$2.65M
Apr 10 2023
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
$187 / 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
$28,777
Tax year 2023
Assessed value
$2,074,799
Assessed 2023
Previous assessed
$1,501,332
+38.2% YoY
Effective rate
1.39%
On assessed value
Assessed land
$670,472
Assessed improvement
$1,404,327
Land market value
$670,472
Improvement market value
$1,404,327
Total market value
$2,074,799
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2006
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
17
Total area
14,276 SF
Lot
1.1 ac (47,823 SF)
Zoning code
MU-D
APN
10-21-28-8643-00-030
UPID
US18-2083224
Jurisdiction
ORANGE
Zoning & alternative use
MU-D · Apopka, FL
Zoning MU-D · permitted uses
MU-D · Apopka, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apopka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
RETAIL STORES
WAREHOUSE, STORAGE
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
17
Lot
1.1 ac
Current owner
From public records · entity-resolved
Jareag 175 LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2023
$2,650,000
Jareag 175 LLC
Nmr LLC
Warranty Deed
$1,850,000 · Nmr LLC
Feb 5, 2019
—
Sonay INC
—
Deed
related
$95,000 · Surety Bank
May 12, 2003
$252,300
Nmr LLC
Champneys,louis H Est
Grant Deed
—
—
—
Nmr LLC
—
Deed Of Trust
related
$2,500,000 · Wachovia Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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