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Property profile & analytics
FOR LEASE
Strip malls
1370 S Narcoossee Rd Saint Cloud, FL 34771
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US19-0829658
For Lease
$2,000/Mo
1370 S Narcoossee Rd, Saint Cloud, FL 34771
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2021
Total area
14,770 SF
Lot
4.99 ac (217,364 SF)
Zoning code
SHB
APN
292531491000980028
UPID
US19-0829658
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
$3.28M
Owner & transaction history
Narcoossee Commercial LLC · 6 yrs held
Narcoossee Commercial LLC
since 2019
7 recorded transactions
Zoning & alternative use
SHB · Saint Cloud, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+18.4%
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 Saint Cloud submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Cloud 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
$4,265,000
Current use
AUTO REPAIR, GARAGE
$5,045,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,840,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$3,750,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$3,580,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±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
$222 / 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
$77,368
Tax year 2023
Assessed value
$4,630,100
Assessed 2023
Previous assessed
$3,771,700
+22.8% YoY
Effective rate
1.67%
On assessed value
Assessed land
$744,900
Assessed improvement
$3,885,200
Land market value
$744,900
Improvement market value
$3,885,200
Total market value
$4,630,100
Applied tax rate
100.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2021
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
2
Total area
14,770 SF
Lot
4.99 ac (217,364 SF)
Zoning code
SHB
APN
292531491000980028
UPID
US19-0829658
Jurisdiction
OSCEOLA
Zoning & alternative use
SHB · Saint Cloud, FL
Zoning SHB · permitted uses
SHB · Saint Cloud, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Cloud. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
2021
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
4.99 ac
Current owner
From public records · entity-resolved
Narcoossee Commercial LLC
Entity
Mailing address
5485 S HWY A1A, MELBOURNE BEACH, FL 32951-3305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Narcoossee Commercial LLC
—
Deed Of Trust
related
$2,475,000 · J Fisher Financial LLC
Oct 20, 2020
—
Narcoossee Commercial LLC
—
Deed
related
$1,195,000 · Rml Fndg LLC
Sep 2, 2020
—
Narcoossee Commercial LLC
—
Deed Of Trust
related
$1,195,000 · Rml Fndg LLC
Nov 21, 2019
—
Narcoossee Commercial LLC
Spc Homes INC
Correction Deed
$1,200,000 · Other Institutional Lenders
Sep 27, 2019
—
Narcoossee Commercial LLC
—
Deed
related
$1,000,000 · Goetz Ludwig Trust (rt)
Jan 8, 2018
—
Narcoossee Commercial LLC
Spc Homes INC
Quit Claim Deed
related
—
Jun 1, 2015
$535,000
Spc Homes INC
Lovelace Rodney G
Warranty Deed
$535,000 · Capri Island Of Pines LLC
—
—
Rodney Lovelace
—
Deed Of Trust
related
$18,000 · Housing Finance Corp Florida
—
—
Narcoossee Commercial LLC
—
Deed Of Trust
related
$1,000,000 · Goetz Ludwig Trust (rt)
—
—
Rodney G Lovelace
—
Deed Of Trust
related
$131,503 · Key Financial Corp
—
—
Narcoossee Commercial LLC
—
Deed Of Trust
related
$1,195,000 · Rml Fndg LLC
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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