301 Ryder Ln Casselberry, FL 32707-3809
Property profile & analytics
301 Ryder Ln Casselberry, FL 32707-3809
- Warehouses
- 1,200 SF
- 0.03 lot acres
Property ID
US19-0707110
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Collab Kitchens / Restaurant / Take-out & Catering
Property Details for 301 Ryder Ln
- Year built
- 2006
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.03 lot acres
- Property size
- 1,200 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 17-21-30-531-0400-1125
- APU
- 17213053104001125
Description
This exceptional 2,400-square-foot flex space in Casselberry, Florida, presents a compelling investment or owner-user opportunity. Currently housing a state-of-the-art ghost kitchen, the property boasts a strong net lease with a credit-rated tenant and a personal guarantee, ensuring consistent income. The current lease, commencing October 31, 2021, and expiring November 30, 2026, offers a remaining term of approximately two years, with three optional three-year renewal periods. The property features a 7.15% cap rate (projected to increase to 7.33% by December 2024), a significant return on investment. The building, constructed in 2006, is a single-story Class B structure with two units, two loading docks, and 20-foot ceilings. The property includes five parking spaces and is equipped with 3-phase 200-amp power, plus an additional 60-amp sub-panel. Its strategic location near SR 436, I-4, and US Hwy 17-92 provides excellent accessibility. The interior features two ADA-compliant restrooms and two office spaces, ideal for order processing. The kitchen itself is equipped with a Captive Aire Exhaust Hood and Grease Fire Suppression System, a gas water heater, an enhanced grease trap system, and industrial chemical and water-resistant flooring. The drive-in garages offer versatile storage solutions, including EV charging capabilities. The property is zoned I and offers a compelling investment opportunity with strong potential for future growth. The asking price is $570,000, translating to $237.50 per square foot. Annual Net Operating Income (NOI) is $40,742. Rent bumps are set at 2%. The tenant has the option to vacate with 30 days' notice.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Casselberry
- County
- Seminole
- State
- Florida
- Longitude
- -81.3447
- Latitude
- 28.6681
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,363
$0.00
$0.00
$138,000
-
$0.00
$138,000
$138,000
