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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Outlet malls
15888 Sunset Ct, Tavares, FL 32778
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5876398
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2021
Construction
CONCRETE BLOCKS
Total area
8,960 SF
Lot
1.94 ac (84,554 SF)
APN
14-20-26-0200-000-00100
UPID
US18-5876398
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
-
Western Union Bank Credit Union
-
Dollar General Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.95M
Owner & transaction history
Gordon G Oldham III · 5 yrs held
Gordon G Oldham III
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+63.0%
Neighborhood: shopping center
$2.6M
+37.7%
Auto repair, garage
$2.1M
+9.6%
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 Tavares submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tavares 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
$2,525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,630,000
7%
$1,515,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,910,000
Current use
COMMERCIAL (GENERAL)
$3,115,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,635,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,095,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,910,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $2.31M (Mar 29 2021)
Last sale anchor
$2.31M
Mar 29 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
$218 / 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
$13,351
Tax year 2023
Assessed value
$877,240
Assessed 2023
Previous assessed
$839,541
+4.5% YoY
Effective rate
1.52%
On assessed value
Land market value
$393,895
Improvement market value
$483,345
Total market value
$877,240
Applied tax rate
2.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2021
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
8,960 SF
Lot
1.94 ac (84,554 SF)
APN
14-20-26-0200-000-00100
UPID
US18-5876398
Jurisdiction
LAKE
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
RETAIL STORES Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2021
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Gordon G Oldham III
Individual
Mailing address
PO BOX 490454, LEESBURG, FL 34749-0454
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2021
$2,313,730
Gordon G Oldham III
Concept Real Properties Holdings Ll
Special Warranty Deed
—
Jun 26, 2020
—
Lake Cnty
Concept Real Prop Hldgs Lllp
Quit Claim Deed
related
—
Jun 16, 2020
$383,000
Concept Real Prop Hldgs Lllp
Dale Barnhart
Warranty Deed
—
Jun 16, 2020
—
Concept Dev INC
—
Deed
related
$5,000,000 · Centerstate Bk NA
Dec 20, 2017
$95,000
Dale Barnhart
Wp Brownco INC
Warranty Deed
—
Aug 17, 2006
$180,000
Wp Brownco INC
Bazinet,judith A
Warranty Deed
$135,000 · United Southern Bank
Jun 26, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Judith A Bazinet
—
Deed Of Trust
related
$40,994 · Nationsbank
—
—
Concept Dev INC
—
Loan Modification
related
$5,000,000 · Centerstate Bk NA
—
—
Judith A Bazinet
—
Deed Of Trust
related
$56,363 · Bank Of America
—
—
Judith A Bazinet
—
Deed Of Trust
related
$10,306 · 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.
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