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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Investment properties
109 Palmetto Ave Sanford, FL 32771-1331
Entity Owned
7-yr Hold
Property ID
US18-2859504
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1928
Construction
CONCRETE
Total area
6,107 SF
Lot
0.08 ac (3,637 SF)
APN
25-19-30-5AG-0301-0140
UPID
US18-2859504
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
-
Ghost Tours in Sanford and Investigations by American Ghost Adventures Rated #1 Tour Operator (Bike/Boat/Book/etc) Store
-
The Station Bar & Grub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.07M
Owner & transaction history
D Booth LLC · 7 yrs held
D Booth LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+94.0%
Office building
$990,000
+41.8%
Warehouse, storage
$970,000
+38.7%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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
COMMERCIAL (GENERAL)
$700,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,355,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$990,000
Change: +42% · Conversion: Easy
WAREHOUSE, STORAGE
$970,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$770,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$174 / 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
$15,432
Tax year 2023
Assessed value
$934,581
Assessed 2023
Previous assessed
$851,192
+9.8% YoY
Effective rate
1.65%
On assessed value
Land market value
$218,220
Improvement market value
$716,361
Total market value
$934,581
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1928
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Total area
6,107 SF
Lot
0.08 ac (3,637 SF)
APN
25-19-30-5AG-0301-0140
UPID
US18-2859504
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$970,000
RETAIL STORES
Est. value
$845,000
INDUSTRIAL (GENERAL)
Est. value
$770,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1928
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
D Booth LLC
Entity
Mailing address
1820 LK MARKHAM RD, SANFORD, FL 32771-8964
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2020
—
D Booth LLC
—
Deed
related
$600,000 · One Florida Bk
Apr 17, 2019
$699,000
D Booth LLC
Sanford Fire Station LLC
Warranty Deed
—
Mar 14, 2017
$605,000
Sanford Fire House LLC
Farrell,barbara
Warranty Deed
$423,500 · Iberiabank
—
—
Barbara E Farrell
—
Deed Of Trust
related
$75,000 · Suntrust Bank NA
—
—
Barbara E Farrell
—
Deed Of Trust
related
$114,500 · Money Source INC
—
—
Farrell,barbara E
—
Deed Of Trust
related
$130,000 · Centerstate Bk/fl
—
—
Barbara E Farrell
—
Deed Of Trust
related
$75,000 · Suntrust Bank NA
—
—
D Booth LLC
—
Deed Of Trust
related
$600,000 · One Florida Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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