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Property profile & analytics
OFF-MARKET
Estimated value
$5,685,000
Retail space
331 Alafaya Trl Orlando, FL 32828-7012
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4164897
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
26,196 SF
Lot
74.12 ac (3,228,783 SF)
Zoning code
P-D
APN
22-22-31-9010-01-000
UPID
US18-4164897
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
by Request
CAP Approach
CAP
$7.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.69M
Owner & transaction history
Waterford Lks Town Ctr LLC · 7 yrs held
Waterford Lks Town Ctr LLC
since 2019
2 recorded transactions
Zoning & alternative use
P-D · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.7M
+31.2%
Office building
$8.3M
+24.5%
Commercial (general)
$7.9M
+18.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,575,000
6.5%
$7,915,000
7%
$7,350,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,660,000
Current use
AUTO REPAIR, GARAGE
$8,735,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$8,295,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,860,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,140,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,450,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.69M
Range $5.12M – $6.25M · ±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
$217 / 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
$1,817,080
Tax year 2023
Assessed value
$117,551,001
Assessed 2023
Previous assessed
$117,037,393
+0.4% YoY
Effective rate
1.55%
On assessed value
Assessed land
$45,267,542
Assessed improvement
$72,283,459
Land market value
$45,267,542
Improvement market value
$72,283,459
Total market value
$117,551,001
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
19
Stories
1
Units
4
Rooms
253
Total area
26,196 SF
Lot
74.12 ac (3,228,783 SF)
Zoning code
P-D
APN
22-22-31-9010-01-000
UPID
US18-4164897
Jurisdiction
ORANGE
Zoning & alternative use
P-D · Orlando, FL
Zoning P-D · permitted uses
P-D · 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
RETAIL STORES Current
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
19
Units
4
Rooms
253
Lot
74.12 ac
Current owner
From public records · entity-resolved
Waterford Lks Town Ctr LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 2410, COLUMBUS, OH 43216-2410
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
—
Waterford Lks Town Ctr LLC
Simon Property Group LP
Correction Deed
related
—
Jun 10, 2014
—
Waterford Lakes Town Center Ll
Simon Property Group LP
Grant Deed
—
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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