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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Medical Office Space
1585 Santa Barbara Blvd, Lady Lake, FL 32159-6820
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5800517
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
STEEL FRAME
Total area
10,135 SF
Lot
1.31 ac (57,064 SF)
APN
D01J600H
UPID
US18-5800517
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
-
Auto Accident Doctors Lady Lake Physical Therapy Clinic Medical Group
-
Rosa Ivelisse DPM Physician
-
Jason E. Davis, DC Alternative Medicine Practice
-
Keri Brooks Physician
-
Dr. Daniel Wassell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
Village Lotus LLC · 5 yrs held
Village Lotus LLC
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+483.6%
Office building
$2.6M
+354.9%
Commercial (general)
$2.3M
+305.1%
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 Lady Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lady Lake 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
$3,455,000
ML approach
$3,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,320,000
Change: +484% · Conversion: Difficult
OFFICE BUILDING
$2,590,000
Change: +355% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,305,000
Change: +305% · Conversion: Easy
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±10% · vs last sale $3.30M (Feb 5 2021)
Last sale anchor
$3.30M
Feb 5 2021
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
$335 / 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
$29,328
Tax year 2023
Assessed value
$2,813,000
Assessed 2023
Previous assessed
$2,592,430
+8.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,027,150
Assessed improvement
$1,785,850
Land market value
$1,027,150
Improvement market value
$1,785,850
Total market value
$2,813,000
Applied tax rate
1,001.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Total area
10,135 SF
Lot
1.31 ac (57,064 SF)
APN
D01J600H
UPID
US18-5800517
Jurisdiction
SUMTER
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2009
Construction
STEEL FRAME
Heating
NONE
Lot
1.31 ac
Current owner
From public records · entity-resolved
Village Lotus LLC
Entity
Mailing address
8136 CENTRALIA CT STE #103, LEESBURG, FL 34788-3757
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
—
Village Lotus LLC
—
Deed
related
$3,315,000 · Seacoast National Bank
Feb 5, 2021
$3,300,000
Village Lotus LLC
Davis Resources LLC
Warranty Deed
$2,310,000 · Regions Bank
Dec 13, 2019
—
Davis Resources LLC
—
Deed
related
$1,048,226 · Park Avenue Bk
Nov 19, 2019
—
Davis Resources LLC
—
Deed
related
$700,000 · Re Genius LLC
Nov 5, 2018
—
Premier Medical Assocs All Flo
—
Deed
related
$47,700 · Whitehorse Cap Mgmt LLC
Dec 27, 2007
$750,900
Davis Resources LLC
Lazy B Cattle Venture Ltd
Grant Deed
$563,000 · Park Avenue Bank
—
—
Premier Medical Assocs All Flo
—
Deed Of Trust
related
$47,700 · Whitehorse Cap Mgmt LLC
—
—
Davis Resources LLC
—
Loan Modification
related
$1,048,226 · Park Avenue Bk
—
—
Davis Resources LLC
—
Deed Of Trust
related
$700,000 · Re Genius 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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