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Property profile & analytics
OFF-MARKET
Estimated value
$6,520,000
Assisted living facilities
203 Wekiwa Spgs Rd Apopka, FL 32703-4778
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2242515
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Total area
40,320 SF
Lot
6.17 ac (268,565 SF)
Zoning code
P-D
APN
12-21-28-6896-00-170
UPID
US18-2242515
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
by Request
Blend (final)
Blend
$6.52M
Owner & transaction history
Bkd Wekiwa Springs LLC · 6 yrs held
Bkd Wekiwa Springs LLC
since 2020
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
P-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+177.3%
Office building
$7.7M
+146.6%
Restaurant
$6.3M
+102.1%
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
$7,975,000
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)
$8,705,000
Change: +177% · Conversion: Difficult
OFFICE BUILDING
$7,740,000
Change: +147% · Conversion: Difficult
RESTAURANT
$6,345,000
Change: +102% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,270,000
Change: +100% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,670,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,405,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$6.52M
Range $5.87M – $7.17M · ±10% · vs last sale $5.78M (Feb 27 2020)
Last sale anchor
$5.78M
Feb 27 2020
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
$162 / 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
$84,197
Tax year 2023
Assessed value
$6,122,567
Assessed 2023
Previous assessed
$5,925,473
+3.3% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,378,343
Assessed improvement
$4,744,224
Land market value
$1,378,343
Improvement market value
$4,744,224
Total market value
$6,122,567
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
2
Units
77
Rooms
108
Total area
40,320 SF
Lot
6.17 ac (268,565 SF)
Zoning code
P-D
APN
12-21-28-6896-00-170
UPID
US18-2242515
Jurisdiction
ORANGE
Zoning & alternative use
P-D · Apopka, FL
Zoning P-D · permitted uses
P-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
COMMERCIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$7.7M
RESTAURANT
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.4M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
77
Rooms
108
Lot
6.17 ac
Current owner
From public records · entity-resolved
Bkd Wekiwa Springs LLC
Entity
Mailing address
111 WESTWOOD PL STE #400, BRENTWOOD, TN 37027-5057
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
$5,775,000
Bkd Wekiwa Springs LLC
Hcp Wekiwa Springs LLC
Grant Deed
$32,800,000 · Newmark Knight Frank
Jun 2, 2008
—
Hcp Wekiwa Springs LLC
Faec Holdings LLC
Warranty Deed
$258,586 · Grandbridge Real Estate Capital LLC
Oct 4, 2006
$5,900,000
Faec Holdings Ep LLC
North Orlando Al Investors LLC
Grant Deed
—
Oct 4, 2006
—
Health Care Prop Invtrs INC
Faec Holdings Ep LLC
Grant Deed
related
—
Jun 7, 2005
$2,285,000
Apopka Senior Living LLC
Elder Healthcare Developers Ll
Grant Deed
—
Jun 7, 2005
$2,700,000
North Orlando Al Investors LLC
Apopka Senior Living LLC
Special Warranty Deed
$7,125,000 · Merrill Lynch Capital
Dec 29, 1997
$665,000
Elder Healthcare Developers
Mudd,frances E
Grant Deed
—
—
—
Elder Healthcare Developers Ll
—
Deed Of Trust
related
$5,250,000 · Empire Financial Services
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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