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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2503 Ocoee Apopka Rd Ocoee, FL 34761
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-0814598
For Lease
1 / 2
$13,705,000
2503 Ocoee Apopka Rd, Ocoee, FL 34761
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2008
Total area
45,724 SF
Lot
8.82 ac (384,406 SF)
Zoning code
PUD-COMM
APN
06-22-28-2856-06-000
UPID
US18-0814598
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
$13.41M
CAP Approach
CAP
$13.82M
Comparable Approach
Comparable
$18.43M
Blend (final)
Blend
$13.71M
Owner & transaction history
Wf Fountains West LLC · 5 yrs held
Wf Fountains West LLC
since 2021
Last sale
$13.8M
5 recorded transactions
Zoning & alternative use
PUD-COMM · Ocoee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$22.1M
+81.8%
Industrial (general)
$19.0M
+56.0%
Commercial (general)
$15.7M
+29.1%
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 Ocoee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocoee 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
$16,250,000
ML approach
$13,405,000
CAP Approach
CAP Return
Estimation
6%
$14,965,000
6.5%
$13,815,000
7%
$12,825,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,180,000
Current use
RESTAURANT
$22,145,000
Change: +82% · Conversion: Easy
INDUSTRIAL (GENERAL)
$18,995,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,720,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,370,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$14,585,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$13.71M
Range $12.33M – $15.08M · ±10% · vs last sale $13.80M (Mar 26 2021)
Last sale anchor
$13.80M
Mar 26 2021
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
$300 / 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
$198,009
Tax year 2023
Assessed value
$11,923,214
Assessed 2023
Previous assessed
$9,320,419
+27.9% YoY
Effective rate
1.66%
On assessed value
Assessed land
$2,690,840
Assessed improvement
$9,232,374
Land market value
$2,690,840
Improvement market value
$9,232,374
Total market value
$11,923,214
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
GROCERY, SUPERMARKET
Status
For Lease
Year built
2008
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Rooms
42
Total area
45,724 SF
Lot
8.82 ac (384,406 SF)
Zoning code
PUD-COMM
APN
06-22-28-2856-06-000
UPID
US18-0814598
Jurisdiction
ORANGE
Zoning & alternative use
PUD-COMM · Ocoee, FL
Zoning PUD-COMM · permitted uses
PUD-COMM · Ocoee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocoee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.2M
RESTAURANT
Est. value
$22.1M
INDUSTRIAL (GENERAL)
Est. value
$19.0M
COMMERCIAL (GENERAL)
Est. value
$15.7M
AUTO REPAIR, GARAGE
Est. value
$15.4M
OFFICE BUILDING
Est. value
$14.6M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
42
Lot
8.82 ac
Current owner
From public records · entity-resolved
Wf Fountains West LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11440 SAN VICENTE BLVD STE #200, LOS ANGELES, CA 90049-6217
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2021
$13,800,000
Wf Fountains West LLC
Ocoe LLC
Special Warranty Deed
—
Oct 10, 2007
$300,000
Living Waters Church Ocoee INC
Wory Investors LLC
Warranty Deed
$320,000 · Robert & Judy Chedwick
Mar 27, 2006
$1,800,000
Shw LLC
Living Waters Church Ocoee INC
Grant Deed
—
Jun 25, 2003
$650,000
Living Waters Church Of Ocoee
Kang,john Est
Grant Deed
—
Jul 29, 2002
—
John Kang
Hovey,donald W
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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