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Property profile & analytics
OFF-MARKET
Estimated value
$7,375,000
Retail space
4021 Conroy Rd Orlando, FL 32839-2409
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4565825
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
24,953 SF
Lot
1.81 ac (78,991 SF)
Zoning code
AC-2
APN
17-23-29-5663-00-017
UPID
US18-4565825
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
-
DSW Designer Shoe Warehouse Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
DSW at Millenia Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.56M
CAP Approach
CAP
$7.54M
Comparable Approach
Comparable
$9.70M
Blend (final)
Blend
$7.38M
Owner & transaction history
Limestone Ds Mill LLC · 5 yrs held
Limestone Ds Mill LLC
since 2020
Last sale
$6.5M
2 recorded transactions
Zoning & alternative use
AC-2 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Urban Activity Center
General category
UNKNOWN
Zone area
915.42 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$8.3M
+31.2%
Office building
$7.9M
+24.5%
Commercial (general)
$7.5M
+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
$7,785,000
ML approach
$8,560,000
CAP Approach
CAP Return
Estimation
6%
$8,165,000
6.5%
$7,540,000
7%
$7,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,345,000
Current use
AUTO REPAIR, GARAGE
$8,320,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$7,900,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,490,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,850,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,190,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.38M
Range $6.64M – $8.11M · ±10% · vs last sale $6.50M (Sep 2 2020)
Last sale anchor
$6.50M
Sep 2 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
$296 / 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
$109,227
Tax year 2023
Assessed value
$5,911,501
Assessed 2023
Previous assessed
$5,690,345
+3.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$2,281,260
Assessed improvement
$3,630,241
Land market value
$2,281,260
Improvement market value
$3,630,241
Total market value
$5,911,501
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
2005
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
4
Total area
24,953 SF
Lot
1.81 ac (78,991 SF)
Zoning code
AC-2
APN
17-23-29-5663-00-017
UPID
US18-4565825
Jurisdiction
ORANGE
Zoning & alternative use
AC-2 · Orlando, FLZoning AC-2 · permitted uses
AC-2 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Urban Activity Center
General category
UNKNOWN
Zone area
915.42 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$8.3M
OFFICE BUILDING
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.2M
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
1.81 ac
Current owner
From public records · entity-resolved
Limestone Ds Mill LLC
Entity
Mailing address
200 S BISCAYNE BLVD STE #7, MIAMI, FL 33131-2310
Ownership since
2020
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
Sep 2, 2020
$6,500,000
Limestone Ds Mill LLC
Conroy Millenia Partners LLP
Grant Deed
$14,755,000 · Ocean Bk
Aug 13, 2004
$1,045,500
Conroy Millenia Partners LLP
Orlando Southwest Partners
Warranty Deed
$3,800,000 · 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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