Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Commercial land
24502 Colonial Dr Christmas, FL 32709
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-8674912
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
3.03 ac (131,990 SF)
Zoning code
C-2
APN
34-22-33-1326-00-290
UPID
US18-8674912
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
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Kentucky Dream Homes LLC · 4 yrs held
Kentucky Dream Homes LLC
since 2022
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C-2 · Christmas, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Christmas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Christmas 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
$545,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (May 19 2022)
Last sale anchor
$550k
May 19 2022
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
—
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
$7,651
Tax year 2023
Assessed value
$494,963
Assessed 2023
Previous assessed
$225,442
+119.6% YoY
Effective rate
1.55%
On assessed value
Assessed land
$494,963
Land market value
$494,963
Total market value
$494,963
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
3.03 ac (131,990 SF)
Zoning code
C-2
APN
34-22-33-1326-00-290
UPID
US18-8674912
Jurisdiction
ORANGE
Zoning & alternative use
C-2 · Christmas, FLZoning C-2 · permitted uses
C-2 · Christmas, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
3.03 ac
Current owner
From public records · entity-resolved
Kentucky Dream Homes LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6137 CARTMEL LN, WINDERMERE, FL 34786-5420
Ownership since
2022
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
Aug 3, 2022
—
Kentucky Dream Homes LLC
—
Deed
related
$995,000 · Independence Bank Of Kentucky
May 19, 2022
$550,000
Kentucky Dream Homes LLC
Habib Omran
Warranty Deed
—
Sep 23, 2010
—
M Oddis Wren JR.
Wren M O JR & Living Trust
Quit Claim Deed
related
—
Sep 9, 2010
—
Wren M Oddis JR Living Trust
Wren,m Otis JR
Quit Claim Deed
related
—
Jun 9, 2006
$440,000
M Otis Wren JR
Jerry W Davis
Warranty Deed
$330,000 · The Citizens Bank Of Oviedo
Oct 19, 2000
$95,000
Jerry W Davis
Dabibi,deborah L
Grant Deed
$76,000 · Colonial Bank
—
—
M Oddis Wren JR.
—
Deed Of Trust
related
$206,903 · Citizens Bank Florida
—
—
M Oddis Wren JR.
—
Deed Of Trust
related
$268,795 · Citizens Bank Florida
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 24502 Colonial Dr?
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.
