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Property profile & analytics
OFF-MARKET
Estimated value
$3,535,000
Retail space
93 Us Hwy 27th S Avon Park, FL 33825-3334
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4560983
Property summary
AI-generated overview
This exceptional investment opportunity presents a 15,023-square-foot Walgreens located at 93 US Hwy 27 S, Avon Park, FL 33825. The property sits on a 1.54-acre lot and boasts a long-term, absolute NNN lease with Walgreens, commencing January 31, 2022, and expiring February 27, 2035, with 12 five-year renewal options. The current lease provides a strong net operating income (NOI) of $226,800, yielding a 7.00% cap rate on the $3,240,000 asking price. Rent increases of 5% every five years ensure consistent growth throughout the lease term. Built in 2002, this well-established location benefits from excellent visibility on a signalized corner with high daily traffic counts (44,036 VPD). The property's central Florida location offers easy access to a significant portion of the state's population (86% within a two-hour radius). The Avon Park Executive Airport is conveniently located nearby. This is a passive investment opportunity with no landlord responsibilities. All figures are estimates and should be verified during due diligence.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
CONCRETE BLOCKS
Total area
14,949 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C2
APN
A-22-33-28-010-0220-0050
UPID
US18-4560983
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
$4.69M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$4.20M
Blend (final)
Blend
$3.54M
Owner & transaction history
Shrijs Two LLC · 1 yrs held
Shrijs Two LLC
since 2025
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
C2 · Avon Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+24.4%
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 Avon Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon Park 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
$4,725,000
ML approach
$4,690,000
CAP Approach
CAP Return
Estimation
6%
$2,340,000
6.5%
$2,160,000
7%
$2,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,995,000
Current use
RESTAURANT
$3,725,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$2,455,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$2,445,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.54M
Range $3.18M – $3.89M · ±10% · vs last sale $3.08M (Mar 12 2025)
Last sale anchor
$3.08M
Mar 12 2025
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
$236 / 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
$34,091
Tax year 2023
Assessed value
$1,823,877
Assessed 2023
Previous assessed
$1,687,427
+8.1% YoY
Effective rate
1.87%
On assessed value
Assessed land
$337,500
Assessed improvement
$1,486,377
Land market value
$337,500
Improvement market value
$1,486,377
Total market value
$1,823,877
Applied tax rate
10.0000
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
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
5
Bathrooms
3
Total area
14,949 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C2
APN
A-22-33-28-010-0220-0050
UPID
US18-4560983
Jurisdiction
HIGHLANDS
Zoning & alternative use
C2 · Avon Park, FL
Zoning C2 · permitted uses
C2 · Avon Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avon Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
3
Lot
1.49 ac
Current owner
From public records · entity-resolved
Shrijs Two LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
$3,075,000
Shrijs Two LLC
Ds Avon Park Fl Landlord LLC
Special Warranty Deed
—
Feb 14, 2022
—
Walgreen Co
Ds Avon Park Fl Landlord LLC
Lease
—
Feb 14, 2022
$4,467,100
Ds Avon Park Fl Landlord LLC
Walgreen Co
Special Warranty Deed
—
Jan 25, 2000
$392,500
Walgreen Co
Ring,david N
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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