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Property profile & analytics
OFF-MARKET
Estimated value
$7,290,000
Distribution centers
576 Ocoee Business Pkwy, Ocoee, FL 34761-2679
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3417960
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2019
Total area
34,689 SF
Lot
2.94 ac (127,935 SF)
Zoning code
I-1
APN
18-22-28-6139-01-000
UPID
US18-3417960
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
-
Richco International Inc. General Contractor Renovation Specialist
-
Dino Grip Carpet & Flooring Store Hardware & Home Improvement
-
American Douglas Metals, Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.24M
Blend (final)
Blend
$7.29M
Owner & transaction history
Ricky W Massie · 4 yrs held
Ricky W Massie
since 2021
Last sale
$6.7M
3 recorded transactions
Zoning & alternative use
I-1 · Ocoee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.9M
+68.8%
Auto repair, garage
$11.7M
+65.1%
Office building
$11.1M
+56.6%
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 Ocoee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocoee 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
$7,855,000
ML approach
$8,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,065,000
Current use
COMMERCIAL (GENERAL)
$11,925,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,660,000
Change: +65% · Conversion: Easy
OFFICE BUILDING
$11,065,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$9,240,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±10% · vs last sale $6.67M (Nov 4 2021)
Last sale anchor
$6.67M
Nov 4 2021
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
$210 / 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
$84,843
Tax year 2023
Assessed value
$4,799,690
Assessed 2023
Previous assessed
$5,174,925
-7.3% YoY
Effective rate
1.77%
On assessed value
Assessed land
$639,676
Assessed improvement
$4,160,014
Land market value
$639,676
Improvement market value
$4,160,014
Total market value
$4,799,690
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
NONE
Stories
1
Rooms
2
Total area
34,689 SF
Lot
2.94 ac (127,935 SF)
Zoning code
I-1
APN
18-22-28-6139-01-000
UPID
US18-3417960
Jurisdiction
ORANGE
Zoning & alternative use
I-1 · Ocoee, FL
Zoning I-1 · permitted uses
I-1 · Ocoee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocoee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$11.7M
OFFICE BUILDING
Est. value
$11.1M
RETAIL STORES
Est. value
$9.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
NONE
Cooling
Yes
Stories
1
Rooms
2
Lot
2.94 ac
Current owner
From public records · entity-resolved
Ricky W Massie
Individual
Free & Clear · 4 yrs held
Mailing address
5800 LONETREE BLVD STE #201, ROCKLIN, CA 95765-3802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$6,670,700
Ricky W Massie
Hooker Properties LLC
Special Warranty Deed
—
Apr 20, 2017
$573,300
Hooker Properties LLC
Keating,john K
Grant Deed
—
Nov 22, 2006
—
Keating John K Tr
Ocoee Business Park LLC
Warranty 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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