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Property profile & analytics
OFF-MARKET
Estimated value
$10,620,000
Retail properties & Spaces
1400 Martin Luther King Jr Blvd Sanford, FL 32771-9570
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-7531460
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2019
Construction
CONCRETE BLOCKS
Total area
37,968 SF
Lot
7.72 ac (336,283 SF)
APN
26-19-30-5AE-4100-0000
UPID
US18-7531460
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
-
Jon M Hall Company Construction Company
-
Jon M Hall Co General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.62M
Blend (final)
Blend
$10.62M
Owner & transaction history
Hcme LLC · 8 yrs held
Hcme LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.5M
+41.8%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$12,365,000
Current use
AUTO REPAIR, GARAGE
$17,535,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$10.62M
Range $9.56M – $11.68M · ±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
$280 / 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
$90,623
Tax year 2023
Assessed value
$5,218,734
Assessed 2023
Previous assessed
$4,718,006
+10.6% YoY
Effective rate
1.74%
On assessed value
Land market value
$1,242,734
Improvement market value
$3,976,000
Total market value
$5,218,734
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2019
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
37,968 SF
Lot
7.72 ac (336,283 SF)
APN
26-19-30-5AE-4100-0000
UPID
US18-7531460
Jurisdiction
SEMINOLE
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$17.5M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
AUTO REPAIR, GARAGE
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
2019
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
7.72 ac
Current owner
From public records · entity-resolved
Hcme LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1400 MARTIN LUTHER KING JR BLVD, SANFORD, FL 32771-9570
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2019
—
Hcme LLC
—
Deed
related
$6,120,000 · One Florida Bank
Jul 9, 2018
—
Hcme LLC
Shoemaker,alan D
Grant Deed
—
Jul 3, 2018
$990,000
Hcme LLC
Shoemaker,alan D
Warranty Deed
—
Apr 18, 2018
$990,000
Hcme LLC
Shoemaker,alan D
Warranty Deed
—
Jan 21, 2016
—
Corso Family Trust
Corso,elizabeth S
Quit Claim Deed
related
—
May 7, 2002
—
Tammy S Hanes
Shoemaker,a K
Grant Deed
related
—
—
—
Hcme LLC
—
Deed Of Trust
related
$6,120,000 · One Florida Bank
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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