New search
Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Retail properties & Spaces
1581 Gulf To Lk Hwy Lecanto, FL 34461-7720
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0599623
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,096 SF
Lot
2.28 ac (99,317 SF)
Zoning code
IND INDUSTRIAL
APN
18E-19S-02-1A600-001.0
UPID
US19-0599623
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
-
Friends of Citrus and the Nature Coast Herry's Thrift & Gift Shoppe Discount Store
-
Hospice Gift & Thrift Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Hospice Of Citrus County INC · 11 yrs held
Hospice Of Citrus County INC
since 2015
7 recorded transactions
Zoning & alternative use
IND INDUSTRIAL · Lecanto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.2M
+25.2%
Restaurant
$1.2M
+23.7%
Retail stores
$1.2M
+16.1%
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 Lecanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lecanto 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)
$990,000
Current use
INDUSTRIAL (GENERAL)
$1,240,000
Change: +25% · Conversion: Difficult
RESTAURANT
$1,225,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$1,150,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$915,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: -12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$89 / 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
$13,414
Tax year 2023
Assessed value
$889,420
Assessed 2023
Previous assessed
$867,910
+2.5% YoY
Effective rate
1.51%
On assessed value
Assessed land
$149,330
Assessed improvement
$740,090
Land market value
$149,330
Improvement market value
$740,090
Total market value
$889,420
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
9,096 SF
Lot
2.28 ac (99,317 SF)
Zoning code
IND INDUSTRIAL
APN
18E-19S-02-1A600-001.0
UPID
US19-0599623
Jurisdiction
CITRUS
Zoning & alternative use
IND INDUSTRIAL · Lecanto, FL
Zoning IND INDUSTRIAL · permitted uses
IND INDUSTRIAL · Lecanto, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lecanto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$915,000
MEDICAL BUILDING
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Hospice Of Citrus County INC
Entity
Mailing address
8471 W PERIWINKLE LN, HOMOSASSA, FL 34446-1145
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2015
$599,000
Hospice Of Citrus County INC
Banden Timothy K & Susan G
Warranty Deed
—
Jan 3, 2007
$1,015,000
Timothy K Banden
Milano Ents Corp
Warranty Deed
$812,000 · Gardiner Savings Institution
Jun 27, 2002
—
Milano Enterprises Corp
P & M Asphalt INC
Grant Deed
related
—
May 8, 2002
$280,000
Milano Enterprises Corp
P & M Asphalt INC
Grant Deed
—
—
—
Hospice Of Citrus County INC
—
Deed Of Trust
related
$629,271 · Branch Bk&tr
—
—
Timothy K Banden
—
Deed Of Trust
related
$300,000 · Gardiner Savings Institution
—
—
Milano Enterprises Corp
—
Deed Of Trust
related
$150,000 · Bank Of America
—
—
Milano Enterprises Corp
—
Deed Of Trust
related
$60,000 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1581 Gulf To Lk Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
