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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Commercial real estate
15912 Hwy 40 Silver Springs, FL 34488-5144
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4029099
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,748 SF
Lot
7.42 ac (323,215 SF)
Zoning code
B4
APN
32394-002-00
UPID
US18-4029099
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
$2.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
15912 State Rd 40 LLC · 5 yrs held
15912 State Rd 40 LLC
since 2020
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
B4 · Silver Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Silver Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silver Springs 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
$2,970,000
ML approach
$2,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±10% · vs last sale $2.91M (Oct 27 2020)
Last sale anchor
$2.91M
Oct 27 2020
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
$39 / 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
$70,320
Tax year 2023
Assessed value
$3,165,871
Assessed 2023
Previous assessed
$2,732,283
+15.9% YoY
Effective rate
2.22%
On assessed value
Assessed land
$968,340
Assessed improvement
$2,197,531
Land market value
$968,340
Improvement market value
$3,462,030
Total market value
$4,430,370
Applied tax rate
9,001.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
15
Total area
73,748 SF
Lot
7.42 ac (323,215 SF)
Zoning code
B4
APN
32394-002-00
UPID
US18-4029099
Jurisdiction
MARION
Zoning & alternative use
B4 · Silver Springs, FLZoning B4 · permitted uses
B4 · Silver Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
15
Lot
7.42 ac
Current owner
From public records · entity-resolved
15912 State Rd 40 LLC
Entity
Mailing address
444 RTE 111TH 1ST STE #1, SMITHTOWN, NY 11787-4773
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
15912 State Rd 40 LLC
—
Deed
related
$2,000,000 · Equity Settlement Services INC
Oct 27, 2020
$2,908,400
15912 State Rd 40 LLC
Azalea LP
Grant Deed
—
Apr 3, 2019
—
Azalea Limited Partnership
—
Deed
related
$1,500,000 · Crescom Bank
Dec 9, 2008
—
Azalea
—
Deed Of Trust
related
$3,914,180 · Carolina First Bank
Jul 1, 1998
$2,450,000
Azalea LP
Forest Center Jv
Grant Deed
$2,100,000 · Central & Southern Bank Ga
—
—
Azalea
—
Deed Of Trust
related
$3,425,000 · Carolina First Bank
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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