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Property profile & analytics
OFF-MARKET
Land
16340 Hwy 40 Silver Springs, FL 34488-5146
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4647620
Property summary
AI-generated overview
This property consists of two vacant and cleared lots totaling approximately 1.23 acres. It features 195 feet of frontage on Highway 40 and a depth of almost 400 feet. The zoning is B-4 with matching land use, which allows for a variety of businesses. The property is located in Silver Springs, Florida.
Property profile
Verified
Property type
Land
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
872 SF
Lot
0.94 ac (40,946 SF)
Zoning code
B4
APN
32524-014-00
UPID
US18-4647620
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kalamas LLC · 1 yrs held
Kalamas LLC
since 2025
Last sale
$109,000
1 recorded transaction
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$916
Tax year 2023
Assessed value
$48,227
Assessed 2023
Previous assessed
$46,831
+3.0% YoY
Effective rate
1.90%
On assessed value
Land market value
$61,419
Improvement market value
$5,885
Total market value
$67,304
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
Land
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
872 SF
Lot
0.94 ac (40,946 SF)
Zoning code
B4
APN
32524-014-00
UPID
US18-4647620
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
1979
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Kalamas LLC
Entity
Mailing address
721 NE 140TH AVE, SILVER SPRINGS, FL 34488-3947
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
$109,000
Kalamas LLC
Gene E And Angela Watson Rlt
Warranty Deed
$89,000 · Gene E And Angela Watson Trust Livi
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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