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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
11350 Us Hwy 98 Dade City, FL 33525-1623
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2944471
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
3,072 SF
Lot
1 ac (43,560 SF)
Zoning code
00C2
APN
11-25-21-0000-01800-0010
UPID
US18-2944471
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
$525k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Bahrs Construction LLC · 2 yrs held
Bahrs Construction LLC
since 2023
Last sale
$525,000
4 recorded transactions
Zoning & alternative use
00C2 · Dade City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$665,000
+35.6%
Commercial (general)
$570,000
+16.8%
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 Dade City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dade City 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
$535,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$430,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
MEDICAL BUILDING
$665,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$455,000
Change: -7% · Conversion: Easy
WAREHOUSE, STORAGE
$425,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Aug 25 2023)
Last sale anchor
$525k
Aug 25 2023
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
$171 / 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
$2,633
Tax year 2023
Assessed value
$149,844
Assessed 2023
Previous assessed
$121,373
+23.5% YoY
Effective rate
1.76%
On assessed value
Assessed land
$57,746
Assessed improvement
$92,098
Land market value
$57,746
Improvement market value
$92,098
Total market value
$149,844
Applied tax rate
10.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2304
Bathrooms
1
Total area
3,072 SF
Lot
1 ac (43,560 SF)
Zoning code
00C2
APN
11-25-21-0000-01800-0010
UPID
US18-2944471
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Dade City, FL
Zoning 00C2 · permitted uses
00C2 · Dade City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dade City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$490,000
MEDICAL BUILDING
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$570,000
OFFICE BUILDING
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$425,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2304
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Bahrs Construction LLC
Entity
Mailing address
11350 US HWY 98, DADE CITY, FL 33525-1623
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
$525,000
Bahrs Construction LLC
Ajay Patel
Warranty Deed
$393,750 · Bankflorida
Nov 4, 2021
$350,000
Ajay Patel
Webb C Clarke III
Warranty Deed
$280,000 · Clarke Revocable Trust
Mar 26, 2020
—
Clarke Trust
Webb C III
Quit Claim Deed
related
—
Oct 10, 2005
$145,000
Webb C Clarke III
Bucy,rickey D & Vicki M
Warranty Deed
—
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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