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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail space
965 Lk Shr Way Lake Alfred, FL 33850-3321
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US19-0628190
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
3,804 SF
Lot
0.37 ac (16,305 SF)
Zoning code
C-1
APN
262805525000004060
UPID
US19-0628190
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
-
Best Dry Cleaning (Bike/Boat/Book/etc) Store
-
Superior Dry Cleaning (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$665k
Owner & transaction history
Jebarron 55 LLC · 12 yrs held
Jebarron 55 LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-1 · Lake Alfred, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+82.3%
Office building
$940,000
+58.7%
Auto repair, garage
$925,000
+56.7%
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 Lake Alfred submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Alfred 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%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
RETAIL STORES
$590,000
Current use
COMMERCIAL (GENERAL)
$1,080,000
Change: +82% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: +59% · Conversion: Easy
AUTO REPAIR, GARAGE
$925,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$475,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$175 / 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
$5,779
Tax year 2023
Assessed value
$296,111
Assessed 2023
Previous assessed
$293,985
+0.7% YoY
Effective rate
1.95%
On assessed value
Assessed land
$31,797
Assessed improvement
$264,314
Land market value
$31,797
Improvement market value
$264,314
Total market value
$296,111
Applied tax rate
92,440.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
3,804 SF
Lot
0.37 ac (16,305 SF)
Zoning code
C-1
APN
262805525000004060
UPID
US19-0628190
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lake Alfred, FL
Zoning C-1 · permitted uses
C-1 · Lake Alfred, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Alfred. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$475,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Jebarron 55 LLC
Entity
Mailing address
2049 VENETIAN WAY, WINTER PARK, FL 32789-1216
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2014
$181,000
Jebarron 55 LLC
Ciena Cap Fndg LLC
Grant Deed
—
Apr 29, 2014
$90,600
Ciena Capital Funding LLC
Nguyen,hang T Coc
Trustees Deed
related
—
Mar 5, 2012
—
Hang T Nguyen
Best Dryclean LLC
Quit Claim Deed
related
—
Oct 29, 2007
$20,400
Hang T Nguyen
Nguyen,hang T & Chu
Quit Claim Deed
related
$600,000 · Blx Capital LLC
Jun 8, 2006
$185,000
Chu Nguyen
Schaller,humberto & Toni
Warranty Deed
—
Jul 8, 2005
$95,000
Humberto Schaller
Phillips,carl T & Laverne H
Warranty Deed
—
—
—
Jose H Schaller
—
Deed Of Trust
related
$71,250 · Citrus & Chemical Bank
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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