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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Grocery and convenience stores
1285 Commercial Way Spring Hill, FL 34606-4533
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0841990
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2019
Construction
CONCRETE BLOCKS
Total area
3,124 SF
Lot
1.29 ac (56,118 SF)
APN
R29-223-17-2748-00E0-0000
UPID
US18-0841990
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
$535k
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$520k
Owner & transaction history
38419 Spring Hill LLC · 7 yrs held
38419 Spring Hill LLC
since 2018
4 recorded transactions
Zoning & alternative use
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 Spring Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Hill 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%
$580,000
6.5%
$535,000
7%
$495,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$166 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$36,839
Tax year 2022
Assessed value
$2,055,089
Assessed 2023
Previous assessed
$1,952,199
+5.3% YoY
Effective rate
1.79%
On assessed value
Assessed land
$2,055,089
Land market value
$673,416
Improvement market value
$2,269,427
Total market value
$2,942,843
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2019
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
3,124 SF
Lot
1.29 ac (56,118 SF)
APN
R29-223-17-2748-00E0-0000
UPID
US18-0841990
Jurisdiction
HERNANDO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
38419 Spring Hill LLC
Entity
Mailing address
340 TAMIAMI TRL N #350, NAPLES, FL 34102-5803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 29, 2018
$900,000
38419 Spring Hill LLC
Bre Ddr Br Nature Coast Fl LLC
Grant Deed
$2,997,507 · First Fl Integrity Bk
Nov 10, 2014
$30,500,000
Bre Ddr Br Nature Coast Fl LLC
Cole Mt Spring Hill Fl LLC
Trustees Deed
$800,000,000 · Wells Fargo Bk
Nov 17, 2011
—
Cole Mt Spring Hill Fl LLC
—
Deed Of Trust
related
$25,564,000 · Bank Of America
Jun 24, 2011
—
Cole Mt Spring Hill Fl LLC
Nature Coast Commons Coc
Trustees Deed
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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