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Property profile & analytics
OFF-MARKET
Office buildings
1203 Florida Ave, Saint Cloud, FL 34769-3721
Entity Owned
7-yr Hold
Free & Clear
Property ID
US19-0758105
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1949
Total area
1,654 SF
Lot
0.24 ac (10,454 SF)
Zoning code
SHB
APN
12630000102220220
UPID
US19-0758105
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
Melentree Realty LLC · 7 yrs held
Melentree Realty LLC
since 2019
7 recorded transactions
Zoning & alternative use
SHB · Saint Cloud, FL
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 Saint Cloud submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Cloud 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
$3,495
Tax year 2023
Assessed value
$209,900
Assessed 2023
Previous assessed
$182,300
+15.1% YoY
Effective rate
1.67%
On assessed value
Assessed land
$98,600
Assessed improvement
$111,300
Land market value
$98,600
Improvement market value
$111,300
Total market value
$209,900
Applied tax rate
100.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1949
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,654 SF
Lot
0.24 ac (10,454 SF)
Zoning code
SHB
APN
12630000102220220
UPID
US19-0758105
Jurisdiction
OSCEOLA
Zoning & alternative use
SHB · Saint Cloud, FL
Zoning SHB · permitted uses
SHB · Saint Cloud, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Cloud. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Melentree Realty LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1203 FLORIDA AVE, SAINT CLOUD, FL 34769-3721
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2019
$134,800
Melentree Realty LLC
Reeder,wilburt A & Jacquelin A
Correction Deed
related
—
Mar 4, 2019
$134,800
Melentree Realty LLC
Reeder,wilburt A & Jacquelin A
Warranty Deed
$134,773 · Reeder Family Living Tr (rt)
Nov 24, 2015
$149,500
Reeder Family Living Trust
D & D Investment Homes
Warranty Deed
—
Aug 11, 2015
$115,500
D & D Investment Homes
Martz Group INC Coc
Trustees Deed
related
—
May 28, 2015
$115,500
Dgd Invesment Homes
Martz Brian Coc
Trustees Deed
related
—
Sep 18, 2006
$320,000
Martz Group INC
Jimmie Fortner
Warranty Deed
$256,000 · Riverside Bank Of Central Florida
Dec 28, 2001
$90,000
Jimmie Fortner
Ackley Realty Of St Cloud INC
Grant Deed
—
Mar 9, 1998
$70,000
Ackley Realty St Cloud INC
Jeffrey Bendeck & Associates
Grant Deed
$60,000 · Southtrust Bank NA
—
—
Jimmie Fortner
—
Deed Of Trust
related
—
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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