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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Commercial real estate
15997 Hwy 40 Silver Springs, FL 34488-5149
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3928223
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,780 SF
Lot
0.86 ac (37,462 SF)
Zoning code
B4
APN
32391-001-01
UPID
US18-3928223
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
$955k
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$1.02M
Owner & transaction history
Jm 121 Realty Holdings LLC · 3 yrs held
Jm 121 Realty Holdings LLC
since 2023
Last sale
$1.1M
7 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
$935,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
$1,420,000
6.5%
$1,310,000
7%
$1,215,000
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.10M (Jun 27 2023)
Last sale anchor
$1.10M
Jun 27 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
$150 / 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
$9,556
Tax year 2023
Assessed value
$535,663
Assessed 2023
Previous assessed
$508,892
+5.3% YoY
Effective rate
1.78%
On assessed value
Assessed land
$112,119
Assessed improvement
$423,544
Land market value
$112,119
Improvement market value
$423,544
Total market value
$535,663
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
6,780 SF
Lot
0.86 ac (37,462 SF)
Zoning code
B4
APN
32391-001-01
UPID
US18-3928223
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Jm 121 Realty Holdings LLC
Entity
Mailing address
15 PIKE WAY, CHELTENHAM, PA 19012-1717
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
$1,100,000
Jm 121 Realty Holdings LLC
Silver Spring Realty INC
Warranty Deed
—
Jan 26, 2022
$600,000
Gainesville Lab INC
R&n Partners
Warranty Deed
$550,000 · R&n Partners
Dec 19, 2018
—
R & N Partners Ptr
—
Deed
related
$30,000 · Regions Bank
Dec 18, 2018
—
R & N Partners Ptr
—
Deed
related
$50,000 · Regions Bank
Apr 14, 1998
$285,000
R Partners
Soucey,roger A & Barbara
Grant Deed
$285,000 · Seller
Mar 23, 1998
$285,000
Roger A Soucey
Big Pines Hardware & Supply In
Grant Deed
—
—
—
R Ptr
—
Deed Of Trust
related
$50,000 · Regions 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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