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Property profile & analytics
FOR LEASE
Strip malls
616 S Dillard St Winter Garden, FL 34787
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-2715816
For Lease
1 / 5
$855,000
616 S Dillard St, Winter Garden, FL 34787
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Property summary
AI-generated overview
This exceptional 0-acre commercial land parcel presents a unique investment opportunity in the thriving Winter Garden, Florida market. Located at 616 S Dillard St, Winter Garden, FL 34787 (28.55811232716072, -81.58366252731267), this property is zoned for commercial use, specifically catering to restaurant and retail establishments. The single-tenant nature of the land offers significant flexibility for developers or investors seeking a straightforward project. Its ideal location within Winter Garden ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a rapidly growing community. The property's flat terrain simplifies development, minimizing potential site preparation costs. This presents a blank canvas for a variety of commercial ventures, allowing for customized design and construction to meet specific business needs. Given its prime location and zoning, this land parcel is poised for substantial appreciation and offers a compelling return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land opportunity. Further details regarding zoning regulations and development possibilities are readily available upon request.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
11,584 SF
Lot
4.73 ac (205,900 SF)
Zoning code
C-2
APN
23-22-27-6504-03-033
UPID
US18-2715816
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 Dillard Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$855k
Owner & transaction history
Jjb Food Corp
Jjb Food Corp
1 recorded transaction
Zoning & alternative use
C-2 · Winter Garden, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+79.4%
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 Garden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Garden 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
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$765,000
Current use
INDUSTRIAL (GENERAL)
$1,375,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$74 / 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
$55,405
Tax year 2023
Assessed value
$4,419,874
Assessed 2023
Previous assessed
$4,284,443
+3.2% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,059,005
Assessed improvement
$2,360,869
Land market value
$2,059,005
Improvement market value
$2,360,869
Total market value
$4,419,874
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1960
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Rooms
17
Total area
11,584 SF
Lot
4.73 ac (205,900 SF)
Zoning code
C-2
APN
23-22-27-6504-03-033
UPID
US18-2715816
Jurisdiction
ORANGE
Zoning & alternative use
C-2 · Winter Garden, FL
Zoning C-2 · permitted uses
C-2 · Winter Garden, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winter Garden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$765,000
INDUSTRIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
17
Lot
4.73 ac
Current owner
From public records · entity-resolved
Jjb Food Corp
Entity
Mailing address
1432 CHICO AVE, SOUTH EL MONTE, CA 91733-2936
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Jjb Food Corp
—
Deed Of Trust
related
$271,214 · Ct Stores INC
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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