Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Grocery and convenience stores
1905 Michigan St Orlando, FL 32806-4938
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8068430
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1971
Total area
2,686 SF
Lot
0.25 ac (10,781 SF)
Zoning code
MU-1/T
APN
06-23-30-1852-01-120
UPID
US18-8068430
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
-
Don gabo Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
-
CoinFlip Bitcoin ATM Business To Business Service Commercial Agent
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$590k
Owner & transaction history
Jorge Marin Cobas · 2 yrs held
Jorge Marin Cobas
since 2024
Last sale
$590,000
7 recorded transactions
Zoning & alternative use
MU-1/T · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$715,000
+294.1%
Office building
$470,000
+159.3%
Auto repair, garage
$365,000
+101.4%
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 Orlando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orlando 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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$715,000
Change: +294% · Conversion: Easy
OFFICE BUILDING
$470,000
Change: +159% · Conversion: Moderate
AUTO REPAIR, GARAGE
$365,000
Change: +101% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $590k (Feb 27 2024)
Last sale anchor
$590k
Feb 27 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
$220 / 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
$7,063
Tax year 2023
Assessed value
$439,367
Assessed 2023
Previous assessed
$401,974
+9.3% YoY
Effective rate
1.61%
On assessed value
Assessed land
$186,619
Assessed improvement
$252,748
Land market value
$186,619
Improvement market value
$252,748
Total market value
$439,367
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
1971
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
1
Total area
2,686 SF
Lot
0.25 ac (10,781 SF)
Zoning code
MU-1/T
APN
06-23-30-1852-01-120
UPID
US18-8068430
Jurisdiction
ORANGE
Zoning & alternative use
MU-1/T · Orlando, FL
Zoning MU-1/T · permitted uses
MU-1/T · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$715,000
OFFICE BUILDING
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$365,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1971
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Jorge Marin Cobas
Individual
Mailing address
3890 NEWPORT AVE, BOYNTON BEACH, FL 33436-8529
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
$590,000
Jorge Marin Cobas
Hweishin Huang
Warranty Deed
—
Mar 19, 2014
$250,000
Hweishin Huang
Golden Rain LLC
Grant Deed
—
Jan 4, 2013
$125,000
Golden Rain LLC
Fidelity Bk Of Fl
Grant Deed
—
Jul 25, 2011
—
Fidelity Bk Of Fl
Amj Petroleum INC Coc
Trustees Deed
related
—
Oct 13, 2006
—
Amj Petroleum INC
—
Trustees Deed
related
$30,000 · Mamoona Shaikh
Jun 27, 2006
—
Amj Petroleum INC
—
Trustees Deed
related
$65,000 · Loi T Nguyen
Dec 2, 2005
$680,000
Amj Petroleum INC
International Multi Business INC
Warranty Deed
$460,000 · Fidelity Bank Of Florida NA
Jul 10, 2000
$600,000
International Multi Business
Save N Handy INC
Grant Deed
$350,000 · Fidelity Bank Florida
—
—
Huang,hweishin
—
Deed Of Trust
related
$150,000 · Lender Private Party
—
—
Amj Petroleum INC
—
Deed Of Trust
related
$60,000 · Perfect Petroleum
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?”
You own 1905 Michigan St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
