Property Record - 19-22-29-6954-08-080 Orange County Property Appraiser http://www.ocpafl.org Property Summary Property Name Pine Hills Shopping Center Names Vast Peak Property LLC Municipality ORG - Un-Incorporated Property Use 1600 - Rtl Comm Shopping Mailing Address 5068 W Colonial Dr Orlando, FL 32808-7668 Physical Address 5101 W Colonial Dr Orlando, FL 32808 QR Code For Mobile Phone
Value and Taxes Historical Value and Tax Benefits Tax Year Values Market Value Assessed Value 2017 $6,018,922 (- $6,018,922 (- 2016 15%) 15%) $7,096,810 (2.2%) $7,096,810 (8.9%) 2015 $6,946,715 (14%) $6,515,873 (10%) 2014 $6,102,326 $5,923,521 Tax Year Benefits 2017 2016 2015 2014 Tax Savings $0 $0 $3,946 $1,640 2017 Taxable Value and Estimate of Proposed Taxes Taxing Authority Assd Value Exemption Tax Value Millage Rate Taxes % Public Schools: By State Law (Rle) $6,018,922 $0 $6,018,922 4.2220 (-7.47%) $25,411.89 25 % Public Schools: By Local Board $6,018,922 $0 $6,018,922 3.2480 (0.00%) $19,549.46 20 % Orange County (General) $6,018,922 $0 $6,018,922 4.4347 (0.00%) $26,692.11 27 % Unincorporated County Fire $6,018,922 $0 $6,018,922 2.2437 (0.00%) $13,504.66 14 %
Unincorporated Taxing District $6,018,922 $0 $6,018,922 1.8043 (0.00%) $10,859.94 11 % Library - Operating Budget $6,018,922 $0 $6,018,922 0.3748 (0.00%) $2,255.89 2 % St Johns Water Management District $6,018,922 $0 $6,018,922 0.2724 (-5.58%) $1,639.55 2 % 16.5999 $99,913.50 2017 Non-Ad Valorem Assessments Levying Authority Assessment Description Units Rate Assessment There are no Non-Ad Valorem Assessments Income Pro forma (as of Jan 1st 2017) for Pine Hills Shopping Center, which includes parcel(s): PID DOR Code DOR Description Allocation Percentage 19-22-29-6954-01-000 1600 Retail Community Shopping 12% 19-22-29-6954-08-080 1600 Retail Community Shopping 88% 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 3,073 SF Square Feet 100.00% 3,073 $17.00 1 $52,241 165,612 SF Square Feet N 100.00% 165,612 $9.00 1 $1,490,508 26,944 SF Square Feet N 100.00% 26,944 $5.00 1 $134,720 53,402 SF Square Feet N 100.00% 53,402 $5.00 1 $267,010 9,051 SF Square Feet N 100.00% 9,051 $8.00 1 $72,408 Percent Amount Per SqFt. Potential Gross Income $2,016,887 $7.81 less Vacancy/Collection Loss 15.00% $302,533 = Effective Gross Income $1,714,354 $6.64 plus Ancillary Income 0.00% $0 $0.00 = Adjusted Gross Income $1,714,354 $6.64 less Expenses 50.00% $857,177 $3.32 = Net Gross Income $857,177 $3.32 plus Miscellaneous Income = Net Operating Income $857,177 $3.32 Overall Rate 10.00000% plus Millage Rate/Tax Rate 1.6957% = Capitalization Rate 11.69570% Capitalized Value $7,328,993 $28.40 less TPP Amount $0 $0.00 plus Additional Value (+/-) Total Misc Adjustment ($489,309) ($1.90) = Income Value $6,839,684 $26.50 Property Features Property Description PINE HILLS SUB NO 8 T/68 LOTS 8 9 & 10 (LESS PT LOT 10 LYING IN EXTENSION OF DEAUVILLE DR) & E1/2 OF VAC ST LYING W OF LOT 9 & LOTS 7 & 11 LYING W OF DEAUVILLE DR EXTENSION BLK H (LESS BEG S LINE OF ALHAMBRA DR & W LINE OF DEAUVILLE DR EXTENSION RUN S 20 DEG W 85 FT N 69 DEG W 97.73 FT N 68.55 FT TO S LINE ALHAMBRA DR ELY ALONG SAME 124.31 FT TO BEG)& (LESS BEG 35 FT E OF SW COR OF LOT 7 RUN N 150 FT W 150 FT S 150 FT E 150 FT TO POB) & LESS FROM SW COR OF LOT 9 RUN E 129.04 FT S 25 FT E 236.13 FT FOR POB TH RUN E 130 FT N 140 FT W 130 FT S 140FT TO POB) & (LESS BEG SW COR OF LOT 9 RUN W 13.96 FT N 120 FT E 205 FT S 120 FT W 191.04 FT TO POB)
Total Land Area 776,067 sqft (+/-) 17.82 acres (+/-) GIS Calculated Land Land Use Code Zoning Land Units Unit Price Land Value Class Unit Price Class Value 1600 - Rtl Comm Shopping C-2 776064.96 SQUARE FEET $3.61 $2,801,595 $0.00 $2,801,595 Buildings 1600 - Rtl Comm Shopping Building Value $2,221,867 Estimated New Cost $4,479,570 Actual Year Built 1973 53656 sqft 53402 sqft Cb.Stucco Wood Panel BAS - Base Area 49384 $4,183,812 CAN - Canopy 40 $1,017 FOP - F/Opn Prch 214 $5,422 SPA - Srvc Prd A 4018 $289,319 1600 - Rtl Comm Shopping Building Value $3,336,933 Estimated New Cost $9,373,407 Actual Year Built 1961 135600 sqft 119000 sqft Conc/Cindr Drywall BAS - Base Area 96924 $7,527,118 CLP - C Load Pfm 600 $13,979 FOP - F/Opn Prch 11944 $278,256 FST - Fin Storge 1104 $42,868 SPA - Srvc Prd A 22076 $1,457,290 UGR - Unf Garage 672 $20,891 ULP - Unf L Ptfm 1950 $22,754 UST - Unf Storag 330 $10,251 1600 - Rtl Comm Shopping Building Value $992,783 Estimated New Cost $2,001,578 BAS - Base Area 16133 $1,968,871 FOP - F/Opn Prch 894 $32,707
Estimated New Cost $2,001,578 Actual Year Built 1956 17027 sqft 16133 sqft Cb.Stucco Drywall 06 - Warehouse 2720 - Tire Dealer Building Value $293,828 Estimated New Cost $592,395 Actual Year Built 1964 9906 sqft 9051 sqft Conc/Cindr Minimum BAS - Base Area 6026 $308,350 CAN - Canopy 855 $13,151 SDA - Sals Dis A 3025 $270,894 1400 - Rtl Supermarket Building Value $1,542,845 Estimated New Cost $2,373,608 Actual Year Built 1991 37502 sqft 26944 sqft Conc/Cindr Drywall BAS - Base Area 26944 $2,124,804 FOP - F/Opn Prch 1386 $32,806 ULP - Unf L Ptfm 3720 $44,004 UST - Unf Storag 5452 $171,994 2100 - Retail Restaurant 1 Building Value $352,018 BAS - Base Area 3073 $344,022 FCP - Fin Carprt 523 $17,576
Estimated New Cost $362,158 Actual Year Built 2008 3614 sqft 3073 sqft Cb.Stucco Dec.Wall.C FOP - F/Opn Prch 18 $560 Extra Features Description Date Built Units Unit Price XFOB Value PKSP - Parking Space 01/01/1973 870 Unit(s) $500.00 $435,000 OSB2 - Medium Opn Stg Bin 08/11/2008 1 Unit(s) $2,000.00 $2,000 PKSP - Parking Space 01/01/2007 14 Unit(s) $500.00 $7,000 Sales Sales History Sale Date Sale Amount Instrument # Book/Page Deed Code Seller(s) Buyer(s) Vac/Imp 05/26/2016 $6,899,700 20160318778 / Warranty Multiple American General Life Insurance Co Vast Peak Property LLC Improved 07/28/2015 $7,100 20150395293 10959 / 3327 Contract Multiple Pine Hills Crp LLC American General Life Insurance Co Improved 05/03/2005 $10,351,600 20050309794 07957 / 4159 Special Warranty Multiple Chula Properties I Inc Pine Hills Crp LLC Improved 09/30/1993 $9,395,500 19934617040 04629 / 1766 Warranty Multiple Pine Hills Marketplace L C Chula Properties I Inc Improved 10/09/1989 $5,656,200 19893358528 04122 / 0393 Warranty Multiple Improved