Property Record - 20-22-30-6391-00-010 Orange County Property Appraiser http://www.ocpafl.org Property Summary Property Name Fashion Square Mall-Penneys Names M M M Lakewood LTD Lllp Municipality ORL - Orlando Property Use 1500 - Rtl Reg Mall I Mailing Address 605 E Robinson St Ste 620 Orlando, FL 32801-2046 Physical Address 3201 E Colonial Dr Orlando, FL 32803 QR Code For Mobile Phone
Value and Taxes
Historical Value and Tax Benefits Tax Year Values Market Value Assessed Value 2018 $22,582,313 (1.1%) $22,582,313 (1.1%) 2017 2016 2015 $22,333,851 (- 34%) $33,801,353 (- 23%) $43,980,239 $22,333,851 (- 34%) $33,801,353 (- 3.2%) $34,921,470 Tax Year Benefits 2018 2017 2016 2015 Tax Savings $0 $0 $0 $106,547 2018 Taxable Value and Estimate of Proposed Taxes Taxing Authority Assd Value Exemption Tax Value Millage Rate Taxes % Public Schools: By State Law (Rle) $22,582,313 $0 $22,582,313 4.0510 (-4.05%) $91,480.95 21 % Public Schools: By Local Board $22,582,313 $0 $22,582,313 3.2480 (0.00%) $73,347.35 17 % Orange County (General) $22,582,313 $0 $22,582,313 4.4347 (0.00%) $100,145.78 23 % City Of Orlando $22,582,313 $0 $22,582,313 6.6500 (0.00%) $150,172.38 35 % Library - Operating Budget $22,582,313 $0 $22,582,313 0.3748 (0.00%) $8,463.85 2 % St Johns Water Management District $22,582,313 $0 $22,582,313 0.2562 (-5.95%) $5,785.59 1 % 19.0147 $429,395.90 2018 Non-Ad Valorem Assessments Levying Authority Assessment Description Units Rate Assessment CITY OF ORLANDO ORLANDO STORM - DRAINAGE - (407)246-2370 40830.66 $1.00 $40,830.66 $40,830.66 Income Pro forma (as of Jan 1st 2018) for Fashion Square Mall-Penneys, which includes parcel(s): PID DOR Code DOR Description Allocation Percentage 20-22-30-6391-00-010 1500 Retail Regional Mall Class I 100% Note: Pro forma does not contain actual income and expenses specific to this property if provided by the property owner. Rent Roll Rentable Type Description Restrict Efficiency Net Rentable Rent Rental Annual Area Rent Ratio Area Amount Period Rent 41,336 SF Square Feet 100.00% 41,336 $8.00 1 $330,688 856 SF Square Feet 100.00% 856 $25.00 1 $21,400 382,421 SF Square Feet N 100.00% 382,421 $22.00 1 $8,413,262 110,491 SF Square Feet 100.00% 110,491 $8.00 1 $883,928 Percent Amount Per SqFt. Potential Gross Income $9,649,278 $18.03 less Vacancy/Collection Loss 40.00% $3,859,711 = Effective Gross Income $5,789,567 $10.82 plus Ancillary Income 0.00% $0 $0.00 = Adjusted Gross Income $5,789,567 $10.82 less Expenses 55.46% $3,210,624 $6.00 = Net Gross Income $2,578,943 $4.82 plus Miscellaneous Income
= Net Operating Income $2,578,943 $4.82 Overall Rate 9.50000% plus Millage Rate/Tax Rate 1.92019% = Capitalization Rate 11.42019% Capitalized Value $22,582,313 $42.20 less TPP Amount $0 $0.00 plus Additional Value (+/-) Total Misc Adjustment = Income Value $22,582,313 $42.20 Property Features Property Description ORLANDO FASHION SQUARE 27/3 LOT 1 (LESS COMM SW COR SEC 20 N 62 FT E 649.7 FT S 86 DEG E 175.41 FT E 847.6 FT N 145 FT W 100 FT N 796.96 FT E 364.91 FT N 66 DEG E 42.81 FT S 69 DEG E 22.38 FT N 161.23 FT W 565.28 FT N 34 DEG W 111.85 FT FOR POB TH CONT N 34 DEG W 291.64 FT W 130.1 FT N 64.18 FT N 55 DEG E 359.76 FT S 34 DEG E 418.31 FT S 55 DEG W 288.78 FT TO POB) & (LESS COMM SW COR SEC 20 N 62 FT E 649.7 FT S 86 DEG E 175.41 FT E 247.6 FT FOR POB N 780 FT E 140 FT N 332 FT E 799.25 FT S 161.23 FT N 69 DEG W 22.38 FT S 66 DEG W 42.81 FT W 364.91 FT S 796.96 FT E 100 FT S 145 FT W 600 FT TO POB) & (LESS ORLANDO FASHION SQUARE 27/3 LOT 1 & ORLANDO OFFICE CENTER 12/62 LOT 1 THAT PORTION MORE PARTICULARLY DESC AS COMM AT NE COR OF LOT 1 OF SAID ORLANDO OFFICE CENTER SAID PT BEING THE POB & LYING ON THE SLY R/W LINE OF MAGUIRE BLVD ALSO BEING PT OF CURV CONCAV SE HAV RAD OF 1900 FT & CENT ANG OF 09-29-31 & CHORD BEARING OF S74-10-40W & ARC LENGTH OF 314.76 FT TH S35-25-29E 254.84 FT TH S54-34-31W 166.68 FT TH N35-25-29W 20 FT TH S54-34-31W 469 FT TH S35-25-29E 157 FT TH S54-34-31W 177.06 FT TO A PT LYING ON THE ELY R/W LINE OF MCCULLOUGH AVENUE TH S35-25-51E 566.77 FT TH S00-51-11E 43.42 FT TH N89-08-44E 388.14 FT TH N00-51-11W 88.79 FT TH N89-08-44E 52.43 FT TH N01-07-09W 366.35 FT TO SE COR OF LOT 1 OF SAID ORLANDO OFFICE CENTER TH N 01-07-09W 911.75 FT TO THE POB) Total Land Area 1,260,086 sqft (+/-) 28.93 acres (+/-) GIS Calculated Land Land Use Code Zoning Land Units Unit Price Land Value Class Unit Price Class Value 1500 - Rtl Reg Mall I AC-3 1260086.8 SQUARE FEET $11.33 $14,276,783 $0.00 $14,276,783 Buildings Model Code 04 - Commercial Type Code 1500 - Rtl Reg Mall I Building Value $2,790,158 Estimated New Cost $55,803,166 Actual Year Built 1973 Beds 0 Baths 0.0 Floors 2 Gross Area 585747 sqft Living Area 571125 sqft Exterior Wall Cmt.Brick Interior Wall Dec.Wall.C Subarea Description Sqft Value BAS - Base Area 441972 $42,013,858 FOP - F/Opn Prch 1907 $81,561 FUS - F/Up Story 86823 $8,253,394 SAB - Salesa B/A 42330 $5,029,910 ULP - Unf L Ptfm 2486 $35,457 UST - Unf Storag 10229 $388,986 Model Code 06 - Warehouse Type Code 2802 - Parking Garage Building Value $1,422,135 Estimated New Cost $14,221,351 Actual Year Built 1992 Beds 0 Subarea Description Sqft Value BAS - Base Area 153392 $5,246,006 FUS - F/Up Story 261376 $8,939,059 PTO - Patio 1209 $2,052 UST - Unf Storag 2001 $34,234
Beds 0 Baths 0.0 Floors 3 Gross Area 417978 sqft Living Area 414768 sqft Exterior Wall Renf.Concr Interior Wall Minimum Model Code 04 - Commercial Type Code 1300 - Rtl Dept Store Building Value $602,784 Estimated New Cost $12,055,689 Actual Year Built 1993 Beds 0 Baths 0.0 Floors 2 Gross Area 129052 sqft Living Area 110491 sqft Exterior Wall Prec.Panel Interior Wall Dec.Wall.C Subarea Description Sqft Value BAS - Base Area 56954 $5,791,083 FST - Fin Storge 15111 $768,294 FUS - F/Up Story 53537 $5,443,642 ULP - Unf L Ptfm 3450 $52,670 Model Code 06 - Warehouse Type Code 2820 - Ped Sky Bridge Building Value $19,189 Estimated New Cost $191,887 Actual Year Built 1992 Beds Baths Floors 1 Gross Area 720 sqft Living Area 720 sqft Exterior Wall Minimum Interior Wall Minimum Model Code 06 - Warehouse Type Code 2820 - Ped Sky Bridge Building Value $12,793 Estimated New Cost $127,925 Actual Year Built 1992 Beds Baths Floors 1 Gross Area 480 sqft Living Area 480 sqft Exterior Wall Minimum Interior Wall Minimum Subarea Description Sqft Value BAS - Base Area 720 $191,887 Subarea Description Sqft Value BAS - Base Area 480 $127,925
Extra Features Description Date Built Units Unit Price XFOB Value PVAS - Pav Asph 04/26/1994 575000 Square Feet $3.50 $503,125 ESC3 - Escalator 3 04/26/1994 5 Unit(s) $50,000.00 $62,500 CLV1 - Comm Elevator 1 01/01/1992 2 Unit(s) $25,000.00 $12,500 FNT2 - Better Quality Fountain 01/01/1994 1 Unit(s) $3,000.00 $750 Sales Sales History Sale Date Sale Amount Instrument # Book/Page Deed Code Seller(s) Buyer(s) Vac/Imp 10/03/1989 $100 19893357280 04121 / 2996 Quitclaim Multiple Mccrory Holding Co M M M Lakewood LTD Lllp Improved