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Property profile & analytics
OFF-MARKET
Retail space
12645 County Rd 512 Fellsmere, FL 32948-5474
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1937652
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,648 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C-2
APN
31-37-00-00008-0100-00002.0
UPID
US18-1937652
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
Emilano Almanza · 11 yrs held
Emilano Almanza
since 2014
5 recorded transactions
Zoning & alternative use
C-2 · Fellsmere, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 3.25 C-2 General Commercial District . A. Purpose. The General Commercial District (C-2) is designed to provide adequate space in appropriate locations for more intensive commercial uses that would be found away from the central core areas of t he City along CR 512 or other roadways designated as arterial or collector roads. B. Permitted Uses: Permit…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
84.67 ac
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 Fellsmere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fellsmere 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
$2,425
Tax year 2023
Assessed value
$121,243
Assessed 2023
Previous assessed
$122,274
-0.8% YoY
Effective rate
2.00%
On assessed value
Assessed land
$41,468
Assessed improvement
$79,775
Land market value
$41,468
Improvement market value
$79,775
Total market value
$121,243
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
1,648 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C-2
APN
31-37-00-00008-0100-00002.0
UPID
US18-1937652
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-2 · Fellsmere, FLZoning C-2 · permitted uses
C-2 · Fellsmere, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 3.25 C-2 General Commercial District . A. Purpose. The General Commercial District (C-2) is designed to provide adequate space in appropriate locations for more intensive commercial uses that would be found away from the central core areas of t he City along CR 512 or other roadways designated as arterial or collector roads. B. Permitted Uses: Permitted Uses in the C-2 zoning district shall be in accordance with Table 3C. Any development on five (5) acres or more will be processed as a Planned Development. C. Lot Size Requirements: Lot size requirements shall be in accordance with Table 3E. D. Dimensional Regulations: Dimensional requirements shall be in accordance with Table 3E. E. Conditional Uses: Conditional Uses in the C-2 zoning district shall be in accordance with Table 3C. Conditional Use for additional height. See Section 3.25 G. 15 MAR 07 _ WWD/dmm
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
84.67 ac
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Emilano Almanza
Individual
Mailing address
102 S MAGNOLIA ST, FELLSMERE, FL 32948-6728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2014
$149,000
Emilano Almanza
Chapin,kenneth L & Diane E
Grant Deed
$72,000 · Richard G Giteles
Aug 12, 2014
$55,200
Kenneth L Chapin
Almanza,pedro Coc
Trustees Deed
—
Nov 18, 2011
$110,000
Pedro Almanza
Chapin,kenneth L & Diane E
Warranty Deed
$55,000 · Kenneth L & Diane E Chapin
Dec 27, 2005
—
Kenneth L Chapin
Chapin,kenneth L & Diane E
Quit Claim Deed
related
—
May 12, 2005
$200,000
Kenneth L Chapin
Bomhard,erika H
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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