Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,875,000
Community centers
2625 Hiawassee Rd Orlando, FL 32818-3007
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2909237
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1981
Total area
51,331 SF
Lot
16.33 ac (711,378 SF)
Zoning code
C-1
APN
13-22-28-0000-00-004
UPID
US18-2909237
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
-
Today's Kids Day Care Center Daycare Center
-
Bank of America ATM (Drive-thru) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.38M
CAP Approach
CAP
$16.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.88M
Owner & transaction history
Westgate Assocs 2006 LLC · 19 yrs held
Westgate Assocs 2006 LLC
since 2006
Last sale
$10.5M
5 recorded transactions
Zoning & alternative use
C-1 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.1M
+221.5%
Office building
$9.5M
+174.8%
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 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
$14,130,000
ML approach
$12,375,000
CAP Approach
CAP Return
Estimation
6%
$18,000,000
6.5%
$16,615,000
7%
$15,430,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,110,000
Change: +221% · Conversion: Easy
OFFICE BUILDING
$9,500,000
Change: +175% · Conversion: Moderate
Blend value · Realmo final
$11.88M
Range $10.69M – $13.06M · ±10% · vs last sale $10.50M (Jan 15 2020)
Last sale anchor
$10.50M
Jan 15 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
$231 / 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
$134,076
Tax year 2023
Assessed value
$8,673,680
Assessed 2023
Previous assessed
$7,926,271
+9.4% YoY
Effective rate
1.55%
On assessed value
Assessed land
$2,572,979
Assessed improvement
$6,100,701
Land market value
$2,572,979
Improvement market value
$6,100,701
Total market value
$8,673,680
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Rooms
29
Total area
51,331 SF
Lot
16.33 ac (711,378 SF)
Zoning code
C-1
APN
13-22-28-0000-00-004
UPID
US18-2909237
Jurisdiction
ORANGE
Zoning & alternative use
C-1 · Orlando, FL
Zoning C-1 · permitted uses
C-1 · 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
COMMERCIAL (GENERAL)
Est. value
$11.1M
OFFICE BUILDING
Est. value
$9.5M
COMMERCIAL (GENERAL)
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
29
Lot
16.33 ac
Current owner
From public records · entity-resolved
Westgate Assocs 2006 LLC
Entity
Free & Clear · 19 yrs held
Mailing address
15545 NW 122ND AVE, HIALEAH, FL 33018-1001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 20, 2022
—
F & M Parking LLC
—
Deed
related
$3,000,000 · Truist Bank
Jun 29, 2021
—
F & M Parking LLC
—
Deed
related
$10,000,000 · Truist Bank
Dec 28, 2006
$10,906,000
Westgate Assocs 2006 LLC
Westgate Square LLC
Grant Deed
—
Dec 28, 2006
—
Westgate Associates 2006 LLC
—
Deed Of Trust
related
$49,599,900 · Aig Mortgage Capital LLC
Jun 4, 1998
$2,100,000
Spa Holdings LLC
Cg-gulf Property Assocs LP
Grant 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.
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 2625 Hiawassee Rd?
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.
