Back to Search
Property profile & analytics
FOR SALE
Retail space
57 E Michael Gladden Blvd Apopka, FL 32703
Individually Owned
~
Est. High Equity
Property ID
US18-8723625
For Sale
1 / 6
$2,395,000
57 E Michael Gladden Blvd, Apopka, FL 32703
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
8,040 SF
Lot
0.97 ac (42,456 SF)
Zoning code
MU-D
APN
09-21-28-0196-80-520
UPID
US18-8723625
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.40M
Owner & transaction history
Palmer Ronald
Palmer Ronald
since 2026
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
MU-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+81.8%
Industrial (general)
$3.3M
+56.0%
Commercial (general)
$2.9M
+34.1%
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
$2,535,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
$2,630,000
6.5%
$2,430,000
7%
$2,255,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,140,000
Current use
RESTAURANT
$3,895,000
Change: +82% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,340,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,870,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,700,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$2,570,000
Change: +20% · Conversion: Easy
WAREHOUSE, STORAGE
$2,085,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±10% · vs last sale $2.12M (Apr 10 2020)
Last sale anchor
$2.12M
Apr 10 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
$298 / 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
$27,974
Tax year 2023
Assessed value
$1,775,836
Assessed 2023
Previous assessed
$2,344,618
-24.3% YoY
Effective rate
1.58%
On assessed value
Assessed land
$361,514
Assessed improvement
$1,414,322
Land market value
$361,514
Improvement market value
$1,414,322
Total market value
$1,775,836
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
For Sale
Year built
2019
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
3
Total area
8,040 SF
Lot
0.97 ac (42,456 SF)
Zoning code
MU-D
APN
09-21-28-0196-80-520
UPID
US18-8723625
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
RETAIL STORES Current
Est. value
$2.1M
RESTAURANT
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
0.97 ac
Current owner
From public records · entity-resolved
Palmer Ronald
Individual
Mailing address
2720 DUNDEE RD #262, NORTHBROOK, IL 60062-2609
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
$1,937,000
Palmer Ronald
Linden House LLC
Warranty Deed
$1,100,000 · Bmo Harris Bank
Apr 10, 2020
$2,118,000
Linden House LLC
Hanlex Park Ave LLC
Grant Deed
—
Sep 24, 2018
$165,000
Hanlex Park Ave LLC
Lloyd L Lee
Warranty Deed
—
Sep 24, 2018
—
First Colony Bk Of Fl
Hanlex Park Ave LLC
Grant Deed
related
—
Dec 3, 2008
—
Lloyd L Lee
Lee,lloyd L
Quit Claim Deed
related
—
Dec 21, 2006
$134,000
Lloyd L Lee
Trust M-37
Warranty Deed
—
Mar 6, 2006
$67,000
Trust M-37
Cornerstone Free Will Baptist
Trustees Deed
related
—
Aug 10, 2000
$64,400
Free Will Baptiste Cornerstone
Rollins,thelma W
Grant Deed
$59,400 · Individual
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.
