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Property profile & analytics
OFF-MARKET
Retail space
533 Park Ave Apopka, FL 32703-5263
Individually Owned
22-yr Hold
Free & Clear
Property ID
US18-3280205
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
576 SF
Lot
0.11 ac (4,817 SF)
Zoning code
MU-D
APN
09-21-28-0196-60-870
UPID
US18-3280205
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
-
Palm Plaza Barber & Styling Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard J Risser · 22 yrs held
Richard J Risser
since 2004
1 recorded transaction
Zoning & alternative use
MU-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the MU-D district is to provide lands that accommodate downtown Apopka as a center of commerce, government, and culture. Principal types of development include higher intensity government, commercial, and employment uses, as well and higher density residential development, and mixed-uses, all in a form that is attractive, pedestrian-friendly,…
Zone name
Mixed Use Downtown
General category
MIXED_USE
Zone area
933.07 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,262
Tax year 2023
Assessed value
$78,154
Assessed 2023
Previous assessed
$72,240
+8.2% YoY
Effective rate
1.61%
On assessed value
Assessed land
$27,071
Assessed improvement
$51,083
Land market value
$27,071
Improvement market value
$51,083
Total market value
$78,154
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
1959
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
2
Total area
576 SF
Lot
0.11 ac (4,817 SF)
Zoning code
MU-D
APN
09-21-28-0196-60-870
UPID
US18-3280205
Jurisdiction
ORANGE
Zoning & alternative use
MU-D · Apopka, FLZoning 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
Zoning description
The purpose of the MU-D district is to provide lands that accommodate downtown Apopka as a center of commerce, government, and culture. Principal types of development include higher intensity government, commercial, and employment uses, as well and higher density residential development, and mixed-uses, all in a form that is attractive, pedestrian-friendly, and supports multiples modes of mobility. Allowed uses include offices, retail services, personal services, recreation or entertainment, communication, education, health care, visitor accommodation, eating and drinking establishments, multi-family and townhome dwellings, and mixed-use.
Zone name
Mixed Use Downtown
General category
MIXED_USE
Zone area
933.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Richard J Risser
Individual
Free & Clear · 22 yrs held
Mailing address
16400 COUNTY LINE RD, UMATILLA, FL 32784-9375
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2004
$75,000
Richard J Risser
Smith,charlie R
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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