1920 Aloma Ave Winter Park, FL 32792-3207
Property Lookup
Property profile & analytics
1920 Aloma Ave Winter Park, FL 32792-3207
- Retail space
- 18,475 SF
- 2.11 lot acres
Property ID
US18-2602601
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Pharmacy / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Randal C. Brenner, RPH / Pharmacy
- Johannes J. Botes, Bscpharm / Pharmacy
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
Property Details for 1920 Aloma Ave
- Year built
- 1995
- Lot size
- 2.11 lot acres
- Property size
- 18,475 SF
- Zone code
- C-1
- Property type
- Retail space
- APN
- 09-22-30-0120-98-012
- APU
- 92230012098012
Description
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 1920 Aloma Ave, Winter Park, FL 32792. The property boasts a 16,740 square foot building situated on a 2.11-acre lot, offering an absolute NNN lease with a corporate guarantee from Walgreens. The current lease has 13 years remaining, with twelve 5-year renewal options, each including a 5% rent increase every five years. The property's strong financial performance is evident in its $7,278,261 asking price, a 5.75% cap rate, and a net operating income (NOI) of $418,500. The price per square foot is $434.78. The Walgreens location is strategically positioned on a hard corner along Aloma Avenue, a high-traffic retail corridor with over 66,000 vehicles passing daily. Its adjacency to Winter Park Corners Shopping Mall, anchored by Sprouts Farmers Market, and its proximity to AdventHealth Winter Park, a 422-bed hospital, further enhances its desirability. The surrounding area boasts strong demographics, with 10,000 residents within a one-mile radius and an average household income of $186,000. Reported store sales (excluding prescription sales) are high, exceeding $8.4 million. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,565,000
- ML approach
- $7,935,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,045,000
- 6.5%
- $5,580,000
- 7%
- $5,185,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,292,000
Market price range: $4.12M - $7.29M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,655,000 Current use
- RESTAURANT
- $8,950,000 Change: +58% Conversion: Easy
- COMMERCIAL (GENERAL)
- $8,380,000 Change: +48% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $7,675,000 Change: +36% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,210,000 Change: +10% Conversion: Difficult
- OFFICE BUILDING
- $4,890,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Winter Park
- County
- Orange
- State
- Florida
- Longitude
- -81.3273
- Latitude
- 28.5998
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$86,874
$2,970,728
$2,985,000
$5,955,728
-
$2,970,728
$2,985,000
$5,955,728
