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Property profile & analytics
OFF-MARKET
Estimated value
$122,100,000
Retail properties & Spaces
2590 Greenhill Way Oviedo, FL 32765-7300
Entity Owned
6-yr Hold
Property ID
US18-4603426
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2006
Construction
CONCRETE
Total area
292,872 SF
Lot
15.22 ac (663,114 SF)
APN
34-21-31-516-0000-0020
UPID
US18-4603426
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
-
Trailside Gardens at Alafaya Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$122.10M
Blend (final)
Blend
$122.10M
Owner & transaction history
Bcore Mf As Alafaya LLC · 6 yrs held
Bcore Mf As Alafaya LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$193.7M
+103.1%
Auto repair, garage
$135.3M
+41.8%
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 Oviedo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oviedo 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$95,395,000
Current use
RESTAURANT
$193,735,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$135,255,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$77,630,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$122.10M
Range $109.89M – $134.31M · ±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
$417 / 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
$721,823
Tax year 2023
Assessed value
$60,001,134
Assessed 2023
Previous assessed
$56,123,547
+6.9% YoY
Effective rate
1.20%
On assessed value
Land market value
$10,018,800
Improvement market value
$49,982,334
Total market value
$60,001,134
Applied tax rate
1.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Buildings
11
Stories
1
Units
253
Bathrooms
12
Total area
292,872 SF
Lot
15.22 ac (663,114 SF)
APN
34-21-31-516-0000-0020
UPID
US18-4603426
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$95.4M
RESTAURANT
Est. value
$193.7M
AUTO REPAIR, GARAGE
Est. value
$135.3M
COMMERCIAL (GENERAL)
Est. value
$77.6M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
11
Units
253
Bathrooms
12
Lot
15.22 ac
Current owner
From public records · entity-resolved
Bcore Mf As Alafaya LLC
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
—
Bcore Mf As Alafaya LLC
—
Deed
related
$210,000 · Jpmorgan Chase Bank NA
Feb 1, 2024
—
Bcore Mf As Alafaya LLC
—
Deed
related
$37,548,907 · Jpmorgan Chase Bank NA
Dec 30, 2019
$59,000,000
Bcore Mf As Alafaya LLC
Alafaya Trail Owner LLC
Special Warranty Deed
$210,000,000 · Morgan Stanley Bank NA
Feb 6, 2017
$42,500,000
Alafaya Trail Owner LLC
Op Traditions Of Alafaya Apartmen
Grant Deed
$27,795,000 · Miscellaneous Ins Co
Feb 6, 2017
—
Alafaya Trail Owner LLC
—
Deed
related
$27,795,000 · Miscellaneous Ins Co
Mar 4, 2013
—
Traditions Of Alafaya Apts LLC
Eqr-alafaya LLC
Quit Claim Deed
related
—
Sep 1, 2006
$17,204,300
Eqr-alafaya LLC
Tradition Alafaya Ltd
Grant Deed
—
Oct 1, 2005
—
Record Owner
Owner,record
Grant Deed
related
—
Jul 3, 2001
—
Axel Trust
Weat Land Partners II
Grant Deed
related
—
—
—
Alafaya Trail Owner LLC
—
Loan Modification
related
$27,795,000 · Miscellaneous Ins Co
—
—
Op Traditions At Alafaya Apart
—
Loan Modification
related
$28,782,000 · Berkley Point Capital LLC
—
—
Tradition Alafaya Ltd
—
Deed Of Trust
related
$17,204,263 · Wachovia Bank NA
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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