955 Winter Park Dr, Unit 1001 Casselberry, FL 32707-5437
Property profile & analytics
955 Winter Park Dr, Unit 1001, Casselberry, FL 32707-5437
- Retail space
- 14,135 SF
- 1.75 lot acres
Property ID
US18-0990008
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens / Pharmacy
- Walgreens Pharmacy / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- FedEx OnSite / Postal Service / Courier Service
- Ashleigh C. Oliver, RPH / Pharmacy
Property Details for 955 Winter Park Dr
- Year built
- 1999
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.75 lot acres
- Property type
- Retail space
- APN
- 21-21-30-528-0000-0010
- APU
- 21213052800000010
Description
This exceptional investment opportunity presents a fee-simple ownership of a Walgreens retail property located at 955 S Winter Park Dr, Casselberry, FL 32707, within the Orlando MSA. The 13,855 square foot building sits on a 1.84-acre lot and is currently operating under a corporate-guaranteed, absolute NNN lease with Walgreens (NASDAQ: WBA). The lease commenced November 21, 2023, and has a remaining term of approximately 14 years, expiring November 30, 2038. The lease includes twelve, 5-year options with a 5% rent increase every five years, providing significant long-term income growth. The property boasts a 6.00% cap rate and a net operating income (NOI) of $318,665, with an asking price of $5,311,083 ($383.33 per square foot). The property benefits from a highly visible location at a signalized intersection experiencing over 100,000 combined vehicles per day. Additional features include a drive-thru pharmacy and the advantage of being located in a no-income-tax state. This is a rare opportunity to acquire a stable, high-performing asset with built-in rent escalations and minimal landlord responsibilities. The absolute NNN lease structure further minimizes management burdens, making this an ideal investment for passive income seekers. The property's strong tenant, long lease term, and favorable location combine to create a compelling investment proposition.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,495,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,625,000
- 6.5%
- $4,270,000
- 7%
- $3,965,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,238,000
- AI Estimate
- $3,238,000
Market price range: $1.38M - $3.98MMarket price range: $1.38M - $3.98M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,685,000 Current use
- AUTO REPAIR, GARAGE
- $6,530,000 Change: +143% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,745,000 Change: +40% Conversion: Easy
- WAREHOUSE, STORAGE
- $3,295,000 Change: +23% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,140,000 Change: +17% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Casselberry
- County
- Seminole
- State
- Florida
- Longitude
- -81.323
- Latitude
- 28.648
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,729
$0.00
$0.00
$2,048,230
-
$1,190,530
$857,700
$2,048,230
