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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Community centers
13120 Cortez Blvd Spring Hill, FL 34613-4858
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0802474
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
CONCRETE
Total area
29,760 SF
Lot
10.8 ac (470,448 SF)
APN
R32-323-17-5200-00L0-0000
UPID
US18-0802474
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
$840k
Owner & transaction history
Fl Spring Hill Cortez LLC · 2 yrs held
Fl Spring Hill Cortez LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+26.7%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,035,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$28 / 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
$139,924
Tax year 2022
Assessed value
$9,213,282
Assessed 2023
Previous assessed
$8,972,609
+2.7% YoY
Effective rate
1.52%
On assessed value
Assessed land
$9,213,282
Land market value
$2,073,600
Improvement market value
$7,139,682
Total market value
$9,213,282
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
24
Stories
1
Rooms
1
Bathrooms
47
Total area
29,760 SF
Lot
10.8 ac (470,448 SF)
APN
R32-323-17-5200-00L0-0000
UPID
US18-0802474
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$815,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
24
Rooms
1
Bathrooms
47
Lot
10.8 ac
Current owner
From public records · entity-resolved
Fl Spring Hill Cortez LLC
Entity
Free & Clear · 2 yrs held
Mailing address
201 RIVERPLACE STE #400, GREENVILLE, SC 29601-2591
Ownership since
2023
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
Nov 8, 2023
$10,632,653
Fl Spring Hill Cortez LLC
Bc Waycross Spring Hill LLC
Special Warranty Deed
—
Apr 8, 2019
$8,426,200
Fl Spring Hill Cortez LLC
Ddr Mariner Square LLC
Grant Deed
—
Apr 2, 2019
—
Ddr Mariner Square LLC
—
Loan Modification
related
$1,350,000,000 · Jp Morgan Chase Bk
Feb 16, 2018
—
Ddr Mariner Square II LLC
—
Deed
related
$1,350,000,000 · Column Fin'l
Feb 15, 2018
—
Ddr Mariner Square LLC
—
Deed
related
$1,350,000,000 · Column Fin'l
Apr 3, 2009
$4,460,757
Ddr Mariner Square LLC
Developers Diversified Realty
Grant Deed
—
—
—
Easy Breeze INC
—
Deed Of Trust
related
$45,000 · Lpc Fund LLC
—
—
Ddr Mariner Square II LLC
—
Deed Of Trust
related
$1,350,000,000 · Column Fin'l
—
—
Ddr Mariner Square LLC
—
Deed Of Trust
related
$1,350,000,000 · Column Fin'l
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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