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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
1300 Lecanto Hwy Lecanto, FL 34461-9014
Entity Owned
Free & Clear
Property ID
US18-3824752
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,520 SF
Lot
18.88 ac (822,413 SF)
Zoning code
PSI PUBLIC/SEMI INSTITUT
APN
18E-19S-09-70001
UPID
US18-3824752
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
-
Citrus County Fire Training College
-
Citrus County Aquatic Services County Government Office
-
Maintenance Operations Park
-
Citrus County Water Resources Water Utility Company
-
Citrus County Fleet Management County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$479k
Blend (final)
Blend
$540k
Owner & transaction history
CITRUS COUNTY
CITRUS COUNTY
Zoning & alternative use
PSI PUBLIC/SEMI INSTITUT · Lecanto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$745,000
+29.6%
Commercial (general)
$590,000
+2.7%
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
by Request
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$575,000
Current use
MEDICAL BUILDING
$745,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$590,000
Change: +3% · Conversion: Easy
RETAIL STORES
$490,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$153 / 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
$56,331
Tax year 2023
Assessed value
$3,735,170
Assessed 2023
Previous assessed
$3,251,430
+14.9% YoY
Effective rate
1.51%
On assessed value
Assessed land
$330,590
Assessed improvement
$3,404,580
Land market value
$330,590
Improvement market value
$3,404,580
Total market value
$3,735,170
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
11
Stories
1
Bathrooms
39
Total area
3,520 SF
Lot
18.88 ac (822,413 SF)
Zoning code
PSI PUBLIC/SEMI INSTITUT
APN
18E-19S-09-70001
UPID
US18-3824752
Jurisdiction
CITRUS
Zoning & alternative use
PSI PUBLIC/SEMI INSTITUT · Lecanto, FL
Zoning PSI PUBLIC/SEMI INSTITUT · permitted uses
PSI PUBLIC/SEMI INSTITUT · 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
OFFICE BUILDING Current
Est. value
$575,000
MEDICAL BUILDING
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RETAIL STORES
Est. value
$490,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
11
Bathrooms
39
Lot
18.88 ac
Current owner
From public records · entity-resolved
CITRUS COUNTY
Individual
Free & Clear · 0 yrs held
Mailing address
3600 W SOVEREIGN PATH STE #266, LECANTO, FL 34461-7676
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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