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Financial
Distress signals
Property profile

19994 Independence Blvd Groveland, FL 34736

FOR LEASE
Other warehouses
Property ID
US18-6170890
36,375 SF 2.14 ac lot Built 2000
Last sale Nov 2019 · $3,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An industrial distribution warehouse configured for warehousing and related operations, offering approximately 4 dock-high loading bays with load levelers and a 24H x 20W drive-in bay, along with 2,500 SF of executive office space for administrative functions. The warehouse construction features 40' x 50' column spacing, 4 inches of roof insulation, and 3 inches of side insulation, supported by a high-density fire sprinkler system designed for Type IV commodities, with 480 V 3-phase power…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$1.54M
Effective rate1.22%

Value estimate

· Oct 2026
$37.59M
$33.83M – $41.35M
Submarket $/SF estimate$37.59M
NOI build-up
Gross scheduled income$319k
Vacancy & credit loss−$28k
Operating expenses−$87k
NOI · 54.50% cap applied$203k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,695/SF
County average, outlier-cleaned · 429 recorded sales of this use type
Observed band · Q1–Q3$199 – $3,034

Cap rate analysis

How does the asset earn?
54.50%
$203k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center7.5
Fish Market7.2
Restaurant7.1

Location

19994 Independence Blvd Groveland, FL 34736
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21020 Obrien, Groveland, FL 34736-9591 $60,100 Apr 2024 6,000 SF
15370 County Rd 565a, Groveland, FL 34736-8230 $28,000,000 Dec 2023 14,700 SF
7432 State Rd 50, Groveland, FL 34736-9322 $7,290,000 Oct 2023 74,485 SF
20605 State Rd 19, Groveland, FL 34736-9030 $950,000 Oct 2023 30,802 SF
11207 State Rd 33, Groveland, FL 34736-9169 $500,000 Mar 2023 6,576 SF
21005 Obrien, Groveland, FL 34736-9590 $4,100,000 Apr 2022 59,972 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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