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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Grocery and convenience stores
2393 Hiawassee Rd Orlando, FL 32835-6451
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0665848
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Total area
4,416 SF
Lot
1 ac (43,674 SF)
Zoning code
AC-2
APN
02-23-28-5626-00-040
UPID
US19-0665848
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
-
Chevron Gas Station
-
Garage Carwash Auto Detailing Car Wash
-
Shell Grocery & Convenience Store
-
Citgo Gas Station
-
SunTrust Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Spirit Spe Portfolio Ca C-stor · 7 yrs held
Spirit Spe Portfolio Ca C-stor
since 2018
4 recorded transactions
Zoning & alternative use
AC-2 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+316.5%
Commercial (general)
$955,000
+221.5%
Medical building
$795,000
+167.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,240,000
Change: +317% · Conversion: Moderate
COMMERCIAL (GENERAL)
$955,000
Change: +221% · Conversion: Easy
MEDICAL BUILDING
$795,000
Change: +167% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$256 / 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
$23,936
Tax year 2023
Assessed value
$1,262,035
Assessed 2023
Previous assessed
$1,179,957
+7.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$735,028
Assessed improvement
$527,007
Land market value
$735,028
Improvement market value
$527,007
Total market value
$1,262,035
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
1991
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
3
Total area
4,416 SF
Lot
1 ac (43,674 SF)
Zoning code
AC-2
APN
02-23-28-5626-00-040
UPID
US19-0665848
Jurisdiction
ORANGE
Zoning & alternative use
AC-2 · Orlando, FL
Zoning AC-2 · permitted uses
AC-2 · 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
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$955,000
MEDICAL BUILDING
Est. value
$795,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Spirit Spe Portfolio Ca C-stor
Individual
Free & Clear · 7 yrs held
Mailing address
402 HIGH PT DR STE #101, COCOA, FL 32926-6602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 13, 2018
—
Spirit Spe Portfolio Ca C-stor
Spirit Spe Kc Portfolio 2013-7
Quit Claim Deed
—
Dec 19, 2013
$1,310,400
Spirit Spe Kc Portfolio 2013-7
Kig Orlando LLC
Warranty Deed
—
Aug 2, 2013
$400,100
Kig Orlando LLC
Wood,kenneth L Coc
Trustees Deed
related
—
—
—
Kwf Two LLC
—
Deed Of Trust
related
$2,160,000 · Anderen Bank
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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