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Property profile & analytics
OFF-MARKET
Office buildings
104 Cherry St, Groveland, FL 34736-2575
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1178610
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Construction
CONCRETE BLOCKS
Total area
1,130 SF
Lot
0.08 ac (3,600 SF)
APN
24-22-24-1100-00R-00104
UPID
US18-1178610
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Baptist Church Of Groveland I · 4 yrs held
First Baptist Church Of Groveland I
since 2022
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Groveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groveland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$282
Tax year 2023
Assessed value
$194,230
Assessed 2023
Previous assessed
$171,499
+13.3% YoY
Effective rate
0.15%
On assessed value
Land market value
$34,848
Improvement market value
$159,382
Total market value
$194,230
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,130 SF
Lot
0.08 ac (3,600 SF)
APN
24-22-24-1100-00R-00104
UPID
US18-1178610
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
First Baptist Church Of Groveland I
Entity
Mailing address
137 E CHERRY ST, GROVELAND, FL 34736-2515
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$300,000
First Baptist Church Of Groveland I
Kroma Property Management INC
Warranty Deed
$220,000 · South State Bank NA
Jan 7, 2020
—
Kroma Property Management INC
—
Deed
related
$30,000 · Community Bk/fl
Nov 9, 2017
$175,000
Kroma Property Management INC
Guzman Properties LLC
Warranty Deed
$148,750 · Mainstreet Community Bank Of Florid
Jun 25, 2004
$168,000
Guzman Properties LLC
Raymond,barrington G & Viola E
Grant Deed
$119,000 · Suntrust Bank NA
Dec 31, 2002
$80,000
Barrington G Raymond
Wells,benny A & Mary K
Grant Deed
$72,000 · Bank Of America
Nov 4, 2002
$60,000
Benny A Wells
Boykin,jeffrey S
Grant Deed
—
Apr 1, 2002
$23,050
Jeffrey S Boykin
Wells,benny A & Mary K
Grant Deed
—
Jul 28, 2000
$50,000
Beany A Wells
Crosby,katie S & William C
Grant Deed
—
—
—
Benny A Wells
—
Deed Of Trust
related
$46,200 · Equicredit Corp Of America
—
—
Kroma Property Management INC
—
Deed Of Trust
related
$30,000 · Community Bk/fl
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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