New search
Property profile & analytics
FOR LEASE
Community centers
5248 Red Bug Lake Rd, Winter Springs, FL 32708
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-5303824
For Lease
1 / 3
$8,940,000
5248 Red Bug Lake Rd, Winter Springs, FL 32708
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Construction
CONCRETE BLOCKS
Total area
24,323 SF
Lot
3.36 ac (146,231 SF)
APN
24-21-30-519-0000-0020
UPID
US18-5303824
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
by Request
Comparable Approach
Comparable
$8.94M
Blend (final)
Blend
$8.94M
Owner & transaction history
Ch Retail Fund II Of Orlando Red · 9 yrs held
Ch Retail Fund II Of Orlando Red
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.2M
+107.9%
Commercial (general)
$6.4M
+19.3%
Warehouse, storage
$5.7M
+4.9%
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 Winter Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Springs 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,405,000
Current use
AUTO REPAIR, GARAGE
$11,235,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,445,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$5,665,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$8.94M
Range $8.05M – $9.83M · ±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
$368 / 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
$81,915
Tax year 2023
Assessed value
$6,155,310
Assessed 2023
Previous assessed
$6,081,779
+1.2% YoY
Effective rate
1.33%
On assessed value
Land market value
$2,514,915
Improvement market value
$3,640,395
Total market value
$6,155,310
Applied tax rate
1.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2005
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
14
Total area
24,323 SF
Lot
3.36 ac (146,231 SF)
APN
24-21-30-519-0000-0020
UPID
US18-5303824
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
14
Lot
3.36 ac
Current owner
From public records · entity-resolved
Ch Retail Fund II Of Orlando Red
Entity
Mailing address
3819 MAPLE AVE, DALLAS, TX 75219-3913
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2018
—
Ch Retail Fund II Of Orlando Red
—
Grant Deed
related
$200,000,000 · Miscellaneous Ins Co
Jun 2, 2017
$8,100,000
Ch Retail Fund II Of Orlando Red
Rpai Winter Springs Red Bug Ll
Grant Deed
—
May 11, 2010
—
Western Winter Springs Inland
—
Deed Of Trust
related
$4,039,000 · Allstate Life Insurance Co
Dec 30, 2005
$8,252,400
Wstn Winter Springs Red Inland
Scmr 1 LLC
Grant Deed
—
—
—
Wstn Winter Springs Red Inland
—
Deed Of Trust
related
$4,539,000 · Allstate Life Insurance Co
—
—
Western Winter Springs Inland
—
Deed Of Trust
related
$4,039,000 · Allstate Life Insurance Co
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?”
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.
