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Property profile & analytics
OFF-MARKET
Estimated value
$8,295,000
Retail space
815 Semoran Blvd Apopka, FL 32703-5516
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-4480927
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
36,961 SF
Lot
6.34 ac (276,021 SF)
Zoning code
MU-D
APN
10-21-28-0223-00-010
UPID
US18-4480927
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
$11.17M
Comparable Approach
Comparable
$5.17M
Blend (final)
Blend
$8.30M
Owner & transaction history
Festival Properties INC · 21 yrs held
Festival Properties INC
since 2004
2 recorded transactions
Zoning & alternative use
MU-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.2M
+34.1%
Auto repair, garage
$12.4M
+26.2%
Office building
$11.8M
+19.9%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,095,000
6.5%
$11,165,000
7%
$10,370,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,845,000
Current use
COMMERCIAL (GENERAL)
$13,200,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,425,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$11,805,000
Change: +20% · Conversion: Easy
WAREHOUSE, STORAGE
$9,580,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$8.30M
Range $7.47M – $9.12M · ±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
$224 / 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
$48,815
Tax year 2023
Assessed value
$6,956,854
Assessed 2023
Previous assessed
$3,558,888
+95.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$2,013,266
Assessed improvement
$4,943,588
Land market value
$2,013,266
Improvement market value
$4,943,588
Total market value
$6,956,854
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
1979
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Rooms
44
Total area
36,961 SF
Lot
6.34 ac (276,021 SF)
Zoning code
MU-D
APN
10-21-28-0223-00-010
UPID
US18-4480927
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
$9.8M
COMMERCIAL (GENERAL)
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$12.4M
OFFICE BUILDING
Est. value
$11.8M
WAREHOUSE, STORAGE
Est. value
$9.6M
RETAIL STORES Current
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
44
Lot
6.34 ac
Current owner
From public records · entity-resolved
Festival Properties INC
Entity
Mailing address
1215 GESSNER RD, HOUSTON, TX 77055-6013
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2004
$2,530,000
Festival Properties INC
Merrill Lynch Mtg Invtrs INC
Grant Deed
—
—
—
Festival Properties INC
—
Deed Of Trust
related
$3,337,500 · American Momentum Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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