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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Grocery and convenience stores
1875 Mccoy Rd Belle Isle, FL 32809-7817
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4504940
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Total area
12,327 SF
Lot
1.01 ac (44,100 SF)
Zoning code
C-1
APN
30-23-30-7285-00-020
UPID
US18-4504940
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
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.13M
Owner & transaction history
Spirit Spe Portfolio Ca C-stor · 10 yrs held
Spirit Spe Portfolio Ca C-stor
since 2015
1 recorded transaction
Zoning & alternative use
C-1 · Belle Isle, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The retail commercial district is composed of lands and structures used primarily to provide for the retailing of commodities and the furnishing of selected services, The regulations for the retail commercial district are intended to permit and encourage a full development of essential commercial uses, at the same time, however, protecting nearby residential…
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
73.70 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.6M
+213.3%
Restaurant
$2.0M
+143.8%
Auto repair, garage
$1.4M
+63.2%
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 Belle Isle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belle Isle 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,600,000
Change: +213% · Conversion: Easy
RESTAURANT
$2,025,000
Change: +144% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,355,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±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
$173 / 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
$24,562
Tax year 2023
Assessed value
$1,528,594
Assessed 2023
Previous assessed
$1,384,985
+10.4% YoY
Effective rate
1.61%
On assessed value
Assessed land
$417,186
Assessed improvement
$1,111,408
Land market value
$417,186
Improvement market value
$1,111,408
Total market value
$1,528,594
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Total area
12,327 SF
Lot
1.01 ac (44,100 SF)
Zoning code
C-1
APN
30-23-30-7285-00-020
UPID
US18-4504940
Jurisdiction
ORANGE
Zoning & alternative use
C-1 · Belle Isle, FLZoning C-1 · permitted uses
C-1 · Belle Isle, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The retail commercial district is composed of lands and structures used primarily to provide for the retailing of commodities and the furnishing of selected services, The regulations for the retail commercial district are intended to permit and encourage a full development of essential commercial uses, at the same time, however, protecting nearby residential properties from adverse effects of commercial activity
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
73.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Spirit Spe Portfolio Ca C-stor
Individual
Mailing address
8565 MAGELLAN PKWY STE #400, RICHMOND, VA 23227-1172
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2015
$2,754,000
Spirit Spe Portfolio Ca C-stor
Racetrac Petroleum 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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