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Property profile & analytics
OFF-MARKET
Estimated value
$6,215,000
Office buildings
1227 Lecanto Hwy Lecanto, FL 34461-7719
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9821229
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
15,523 SF
Lot
4.67 ac (203,295 SF)
Zoning code
GNC GEN COMMERCIAL
APN
18E-19S-09-11200
UPID
US18-9821229
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.22M
Owner & transaction history
Mhc 152 Florida Portfolio LLC · 4 yrs held
Mhc 152 Florida Portfolio LLC
since 2021
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Lecanto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+74.7%
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 Lecanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lecanto 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
$6,255,000
ML approach
$6,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,420,000
Change: +75% · Conversion: Moderate
Blend value · Realmo final
$6.22M
Range $5.59M – $6.84M · ±10% · vs last sale $6.30M (Dec 13 2021)
Last sale anchor
$6.30M
Dec 13 2021
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
$400 / 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
$34,840
Tax year 2023
Assessed value
$2,151,150
Assessed 2023
Previous assessed
$1,910,680
+12.6% YoY
Effective rate
1.62%
On assessed value
Assessed land
$208,830
Assessed improvement
$1,942,320
Land market value
$208,830
Improvement market value
$1,942,320
Total market value
$2,151,150
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
6
Stories
1
Bathrooms
5
Total area
15,523 SF
Lot
4.67 ac (203,295 SF)
Zoning code
GNC GEN COMMERCIAL
APN
18E-19S-09-11200
UPID
US18-9821229
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Lecanto, FL
Zoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · Lecanto, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lecanto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.4M
RESTAURANT
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
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
5
Lot
4.67 ac
Current owner
From public records · entity-resolved
Mhc 152 Florida Portfolio LLC
Entity
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2021
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
Dec 13, 2021
$6,300,000
Mhc 152 Florida Portfolio LLC
Storeright LLC
Special Warranty Deed
$100,000,000 · Goldman Sachs Bank USA
Oct 6, 2014
—
Storeright Lecanto I LLC|storeright Ocala II LLC E
—
Grant Deed
related
$14,000,000 · Royal Bk/scotland Plc
Jan 25, 2011
$1,325,000
Storeright Lecanto I LLC
Mlmt 2005-lc1 South Lecanto Highway
Special Warranty Deed
$855,000 · Centerstate Bank Of Florida NA
May 13, 2009
—
2005-lc1 South Lecanto Hi Mlmt
Cox Storage LLC Coc
Trustees Deed
related
—
May 1, 2009
—
2005-lc1 South Lecanto Hi Mlmt
Clerk Of Circuit Court/citrus Cnt
Trustees Deed
related
—
Nov 16, 2005
$3,600,000
Cox Storage LLC
Lecanto Federal Storage LLC
Grant Deed
$2,630,000 · Lasalle National Bank
Jan 6, 2004
$2,625,000
Lecanto Federal Storage LLC
Federal Storage LLC
Grant Deed
related
—
Apr 30, 1997
$118,800
Security Self Storage INC
King Engineering Assoc INC
Grant Deed
related
—
—
—
Storeright Lecanto I LLC
—
Loan Modification
related
$13,071 · Centerstate 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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