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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
1516 Us Hwy 19, Holiday, FL 34691
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5740281
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1970
Total area
5,252 SF
Lot
0.49 ac (21,211 SF)
Zoning code
00C2
APN
31-26-16-0010-01400-0040
UPID
US18-5740281
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
$675k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$695k
Owner & transaction history
Njs Real Estate LLC · 2 yrs held
Njs Real Estate LLC
since 2023
Last sale
$721,000
4 recorded transactions
Zoning & alternative use
00C2 · Holiday, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+3.4%
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 Holiday submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holiday 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
$730,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,100,000
Current use
MEDICAL BUILDING
$1,135,000
Change: +3% · Conversion: Easy
RETAIL STORES
$1,075,000
Change: -2% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$940,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $721k (Jul 28 2023)
Last sale anchor
$721k
Jul 28 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
$132 / 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
$5,451
Tax year 2023
Assessed value
$327,549
Assessed 2023
Previous assessed
$327,549
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$233,163
Assessed improvement
$94,386
Land market value
$233,163
Improvement market value
$94,386
Total market value
$327,549
Applied tax rate
9,100.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Units
63
Bathrooms
2
Total area
5,252 SF
Lot
0.49 ac (21,211 SF)
Zoning code
00C2
APN
31-26-16-0010-01400-0040
UPID
US18-5740281
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Holiday, FL
Zoning 00C2 · permitted uses
00C2 · Holiday, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holiday. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$940,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
63
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Njs Real Estate LLC
Entity
Mailing address
1108 SUNSET RDG LN, TARPON SPRINGS, FL 34689-2931
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
$721,000
Njs Real Estate LLC
Dreher Family Holdings LLC
Warranty Deed
$613,000 · Flagship Community Bank
Dec 29, 2003
—
Rl Dreher Construction INC
Dreher,robert L
Quit Claim Deed
related
—
Nov 19, 2001
$175,000
David W Garringer
Dreher,robert L & Diane
Grant Deed
$175,000 · Peoples Bank & Trust
—
—
David W Garringer
—
Deed Of Trust
related
$475,000 · Peoples Bank & Trust
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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