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Property profile & analytics
FOR LEASE
Grocery and convenience stores
9930 S Universal Blvd N Orlando, FL 32819
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-3061161
For Lease
1 / 2
$9,140,000
9930 S Universal Blvd N, Orlando, FL 32819
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2008
Total area
48,896 SF
Lot
12.13 ac (528,383 SF)
Zoning code
P-D
APN
06-24-29-4332-01-000
UPID
US18-3061161
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
-
Western Union Bank Credit Union
-
Lake Cay Commons Business Service Center Corporate Office
-
Amerigas Propane Exchange Propane Supplier
-
Primo Water Exchange Big Box & Wholesale Store
-
Publix Super Market at Lake Cay Commons Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.14M
Owner & transaction history
Lake Cay Commons LLC · 12 yrs held
Lake Cay Commons LLC
since 2013
5 recorded transactions
Zoning & alternative use
P-D · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.0M
+20.6%
Commercial (general)
$14.7M
+18.0%
Warehouse, storage
$13.1M
+5.6%
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 Orlando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orlando 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$12,430,000
Current use
OFFICE BUILDING
$14,995,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,675,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$13,125,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,345,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$9.14M
Range $8.23M – $10.05M · ±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
$187 / 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
$266,771
Tax year 2023
Assessed value
$17,201,502
Assessed 2023
Previous assessed
$15,145,093
+13.6% YoY
Effective rate
1.55%
On assessed value
Assessed land
$10,492,450
Assessed improvement
$6,709,052
Land market value
$10,492,450
Improvement market value
$6,709,052
Total market value
$17,201,502
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2008
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Rooms
34
Total area
48,896 SF
Lot
12.13 ac (528,383 SF)
Zoning code
P-D
APN
06-24-29-4332-01-000
UPID
US18-3061161
Jurisdiction
ORANGE
Zoning & alternative use
P-D · Orlando, FL
Zoning P-D · permitted uses
P-D · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.4M
OFFICE BUILDING
Est. value
$15.0M
COMMERCIAL (GENERAL)
Est. value
$14.7M
WAREHOUSE, STORAGE
Est. value
$13.1M
INDUSTRIAL (GENERAL)
Est. value
$10.3M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
34
Lot
12.13 ac
Current owner
From public records · entity-resolved
Lake Cay Commons LLC
Entity
Mailing address
4125 N PNE IS RD, SUNRISE, FL 33351-6005
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
—
Lake Cay Commons LLC
—
Deed
related
$11,589,314 · Amerant Bk NA
Dec 31, 2013
$11,350,000
Lake Cay Commons LLC
Redus Fl Commercial LLC
Grant Deed
$12,700,000 · Regions Bank
Dec 19, 2012
$510,300
Redus Florida Commercial LLC
Fourth Quarter Props 121 Coc
Trustees Deed
related
—
Nov 28, 2007
—
Fourth Quarter Props 121 LLC
Universal City Prop Mgmt III L
Grant Deed
$28,500,000 · Wachovia Bank NA
—
—
Lake Cay Commons LLC
—
Loan Modification
related
$11,589,314 · Amerant Bk NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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