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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Office buildings
1507 Rickenbacker Dr Sun City Center, FL 33573-5360
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0090378
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,000 SF
Lot
0.34 ac (14,875 SF)
Zoning code
CG
APN
U123219ZZZ000001783900
UPID
US18-0090378
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$881k
Blend (final)
Blend
$1.04M
Owner & transaction history
1507 Rickenbacker Drive LLC · 3 yrs held
1507 Rickenbacker Drive LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CG · Sun City Center, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$745,000
+17.3%
Neighborhood: shopping center
$730,000
+15.5%
Retail stores
$655,000
+3.1%
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 Sun City Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun City Center 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
$1,035,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$635,000
Current use
MEDICAL BUILDING
$745,000
Change: +17% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$630,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.18M (Feb 6 2023)
Last sale anchor
$1.18M
Feb 6 2023
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
$345 / 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
$10,879
Tax year 2023
Assessed value
$974,700
Assessed 2023
Previous assessed
$414,200
+135.3% YoY
Effective rate
1.12%
On assessed value
Assessed land
$177,012
Assessed improvement
$797,688
Land market value
$177,012
Improvement market value
$797,688
Total market value
$974,700
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
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Rooms
4
Total area
3,000 SF
Lot
0.34 ac (14,875 SF)
Zoning code
CG
APN
U123219ZZZ000001783900
UPID
US18-0090378
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Sun City Center, FLZoning CG · permitted uses
CG · Sun City Center, FL
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
OFFICE BUILDING Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
RETAIL STORES
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$630,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
CENTRAL
Cooling
Yes
Stories
1
Units
2
Rooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
1507 Rickenbacker Drive LLC
Entity
Mailing address
325 W HURON ST STE #700, CHICAGO, IL 60654-3638
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
$1,175,000
1507 Rickenbacker Drive LLC
Margaret Connolly
Warranty Deed
—
Feb 6, 2023
—
Margaret Connolly
Lilliquinn LLC
Warranty Deed
—
May 3, 2012
$480,400
Margaret Connolly
Lilliquinn LLC
Warranty Deed
related
—
Aug 1, 2007
$700,000
Lilliquinn LLC
Parker Beverly K Trust
Grant Deed
—
Mar 2, 2005
—
Coleman Gertrude M Trust
Coleman,gertrude M
Quit Claim Deed
related
—
Oct 8, 1996
$280,000
Gertrude M Coleman
Peeler,gerald A
Grant Deed
$300,000 · Individual
—
—
Margaret Connolly
—
Deed Of Trust
related
$550,000 · Coleman Gertrude M (te)
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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