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Property profile & analytics
OFF-MARKET
Commercial real estate
12940 248th Ct Salt Springs, FL 32134-7302
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0085234
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
1,672 SF
Lot
0.89 ac (38,768 SF)
Zoning code
B5; R4
APN
1173-008-004
UPID
US18-0085234
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
Glenn,hal M & Elizabeth A Trust · 7 yrs held
Glenn,hal M & Elizabeth A Trust
since 2018
6 recorded transactions
Zoning & alternative use
B5; R4 · Salt Springs, 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 Salt Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Springs 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
$555
Tax year 2023
Assessed value
$28,346
Assessed 2023
Previous assessed
$28,346
+0.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$38,768
Improvement market value
$3,852
Total market value
$42,620
Applied tax rate
9,001.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,672 SF
Lot
0.89 ac (38,768 SF)
Zoning code
B5; R4
APN
1173-008-004
UPID
US18-0085234
Jurisdiction
MARION
Zoning & alternative use
B5; R4 · Salt Springs, FLZoning B5; R4 · permitted uses
B5; R4 · Salt Springs, FL
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
2001
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Glenn,hal M & Elizabeth A Trust
Trust
Free & Clear · 7 yrs held
Mailing address
13183 NE 226TH AVE RD, SALT SPRINGS, FL 32134-5907
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2018
$100
Glenn,hal M & Elizabeth A Trust
Ground Hog Excavating INC
Warranty Deed
related
—
Mar 4, 2013
$49,900
Ground Hog Excavating INC
Broke Dix Properties LLC
Warranty Deed
—
Jun 23, 2006
—
Broke Dix Properties LLC
Glenn,hal M
Warranty Deed
—
May 26, 2006
$150,000
Hal Glenn
Norman,eddy F
Warranty Deed
—
Apr 27, 2004
—
Eddy F Norman
Norman,pamela R
Quit Claim Deed
related
—
Jun 6, 2000
$8,000
Eddy F Norman
Boynton,carolyn E
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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