Entity Owned 
For Sale
1 / 39
$238,500
1635 Florida Ave, Hernando, FL 34442
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Property summary
AI-generated overview
Located in Hernando, Florida, this office-configured property is zoned GNC and was previously utilized as an office. The interior layout includes three office areas, a lobby, a full kitchen, two bathrooms, and a dedicated conference area with a fireplace. Additional features include laundry hook-ups, LED lighting, and vaulted ceilings that add interior volume. The exterior includes a front sitting porch and a park-like backyard suitable for breaks or informal meetings. Mechanical and building updates include a roof and windows installed in 2014, a water heater installed in 2022, a well tank installed in 2021, newer flooring, and an AC unit installed in 2007. The property is not located in a flood zone.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,284 SF
Lot
0.2 ac (8,800 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-18S-36-0030-013.0
UPID
US18-4066349
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
since 2020
3 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Hernando, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$265k
Value range
$239k – $292k
±10% around blend
Estimated value / SF
$206 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$239k
blend $265k
$292k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,284 SF
Lot area
0.2 ac
Year built
1979
Stories
1
APN
19E-18S-36-0030-013.0
Zoning
GNC GEN COMMERCIAL
Assessed value
$140,540
Annual tax
$2,244
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$2,244
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$195k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.7 mi away · 1,020 SF
13.2 mi away · 1,316 SF
13.4 mi away · 1,584 SF
13.4 mi away · 1,369 SF
21.1 mi away · 1,443 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$265k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 131 sales
$163
+27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $206/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
Selected market yield
6.20%
Selected cap rate for this office buildings
Derived from the Hernando market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.20%
9.0%
NOI (est.)
$15k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$238k
Move the market yield to see immediate price impact.
Value / SF
$186
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.70%6.20%6.70%
$13k
$233k
$215k
$199k
$15k
$259k
$238k
$221k
$16k
$285k
$262k
$243k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$290k
3.4 mi · Dec 2025 · $186/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,244
Tax year 2023
Assessed value
$140,540
Assessed 2023
Previous assessed
$130,170
+8.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$19,400
Assessed improvement
$121,140
Land market value
$19,400
Improvement market value
$121,140
Total market value
$140,540
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
4
Total area
1,284 SF
Lot
0.2 ac (8,800 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-18S-36-0030-013.0
UPID
US18-4066349
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Hernando, FLZoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · Hernando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GNC GEN COMMERCIAL
Jurisdiction
Hernando, FL
Recorded code
GNC GEN COMMERCIAL
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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