Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
49 3rd St Apopka, FL 32703-4229
Entity Owned
7-yr Hold
Free & Clear
Property ID
US19-0850384
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
2,752 SF
Lot
0.29 ac (12,629 SF)
Zoning code
MU-D
APN
09-21-28-0196-20-221
UPID
US19-0850384
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
-
Yeager Jr Hal K Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$655k
Owner & transaction history
Ofb Properties LLC · 7 yrs held
Ofb Properties LLC
since 2018
4 recorded transactions
Zoning & alternative use
MU-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$985,000
+11.8%
Auto repair, garage
$925,000
+5.3%
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 Apopka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apopka 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%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Current use
COMMERCIAL (GENERAL)
$985,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$925,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$735,000
Change: -17% · Conversion: Moderate
WAREHOUSE, STORAGE
$715,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$238 / 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
$7,148
Tax year 2023
Assessed value
$478,911
Assessed 2023
Previous assessed
$454,802
+5.3% YoY
Effective rate
1.49%
On assessed value
Assessed land
$88,531
Assessed improvement
$390,380
Land market value
$88,531
Improvement market value
$390,380
Total market value
$478,911
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Total area
2,752 SF
Lot
0.29 ac (12,629 SF)
Zoning code
MU-D
APN
09-21-28-0196-20-221
UPID
US19-0850384
Jurisdiction
ORANGE
Zoning & alternative use
MU-D · Apopka, FL
Zoning MU-D · permitted uses
MU-D · Apopka, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apopka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$925,000
RETAIL STORES
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$715,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ofb Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
49 E 3RD ST STE A, APOPKA, FL 32703-4245
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2018
$60,714
Ofb Properties LLC
Seacoast Natl Bk
Grant Deed
—
Jun 13, 2014
$365,000
Yeager Insurance Agency INC
Yeager,hal K JR
Warranty Deed
$300,000 · Bankfirst
May 23, 2007
$207,665
Yeager Hal K Living Trust
Yeager M Living Trust
Grant Deed
related
—
Apr 24, 2002
$265,000
Yeager Trust
Andrews Trust
Grant Deed
$240,000 · Andrews Trust
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 49 3rd St?
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.
