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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Parking lots & garages
505 Main St Apopka, FL 32703-5306
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4339224
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1980
Total area
11,848 SF
Lot
0.95 ac (41,396 SF)
Zoning code
MU-D
APN
10-21-28-0000-00-065
UPID
US18-4339224
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
-
Millers Ale House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Millers Ale House INC · 2 yrs held
Millers Ale House INC
since 2024
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
MU-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+120.9%
Office building
$2.3M
+96.5%
Restaurant
$1.9M
+61.0%
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 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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,560,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$2,275,000
Change: +96% · Conversion: Difficult
RESTAURANT
$1,865,000
Change: +61% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,840,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Jan 16 2024)
Last sale anchor
$2.30M
Jan 16 2024
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
$194 / 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
$12,224
Tax year 2023
Assessed value
$766,026
Assessed 2023
Previous assessed
$733,324
+4.5% YoY
Effective rate
1.60%
On assessed value
Assessed land
$683,026
Assessed improvement
$83,000
Land market value
$683,026
Improvement market value
$83,000
Total market value
$766,026
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
13
Total area
11,848 SF
Lot
0.95 ac (41,396 SF)
Zoning code
MU-D
APN
10-21-28-0000-00-065
UPID
US18-4339224
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
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.3M
RESTAURANT
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
13
Lot
0.95 ac
Current owner
From public records · entity-resolved
Millers Ale House INC
Entity
Free & Clear · 2 yrs held
Mailing address
405 SW COMMERCIAL ALY, PEORIA, IL 61602-5100
Ownership since
2024
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
Jan 16, 2024
—
Millers Ale House INC
Mjw Enterprises LLC
Lease
—
Jan 16, 2024
$2,300,000
Mjw Enterprises LLC
Taurus Apopka City Center LLC
Special Warranty Deed
$4,300,000 · Fortress Bank
May 31, 2011
$866,000
City Of Apopka Florida
Spirit Master Funding LLC
Grant Deed
related
—
Oct 15, 2004
$1,030,500
Spirit Spe Portfolio 2004-6 Ll
Ge Cap Franchise Finance Corp
Grant Deed
$57,256,765 · Ge Capital Franchise Finance
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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