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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
16923 Archer Rd Archer, FL 32618-6014
Individually Owned
Absentee Owner
Free & Clear
Property ID
US18-5088643
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,632 SF
Lot
0.57 ac (24,829 SF)
Zoning code
I
APN
04922-005-000
UPID
US18-5088643
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
-
NAPA Auto Parts - B & L Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Florida Crossroads Industrial Zone
Florida Crossroads Industrial Zone
since 2026
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
I · Archer, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of I zone is designed primarily to accommodate manufacturing and heavy industrial activity
Zone name
Industrial
General category
INDUSTRIAL
Zone area
183.06 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$695,000
+55.1%
Retail stores
$665,000
+48.0%
Office building
$550,000
+22.1%
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 Archer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Archer 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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$665,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$550,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Aug 22 2024)
Last sale anchor
$900k
Aug 22 2024
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
$248 / 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
$2,590
Tax year 2023
Assessed value
$98,462
Assessed 2023
Previous assessed
$98,462
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$31,037
Assessed improvement
$67,425
Land market value
$31,037
Improvement market value
$67,425
Total market value
$98,462
Applied tax rate
2,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
100
Rooms
1
Bathrooms
1
Total area
3,632 SF
Lot
0.57 ac (24,829 SF)
Zoning code
I
APN
04922-005-000
UPID
US18-5088643
Jurisdiction
ALACHUA
Zoning & alternative use
I · Archer, FLZoning I · permitted uses
I · Archer, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of I zone is designed primarily to accommodate manufacturing and heavy industrial activity
Zone name
Industrial
General category
INDUSTRIAL
Zone area
183.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
RETAIL STORES
Est. value
$665,000
OFFICE BUILDING
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
100
Rooms
1
Bathrooms
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Florida Crossroads Industrial Zone
Individual
Free & Clear · 0 yrs held
Mailing address
30 BLOCKHOUSE CT, ORMOND BEACH, FL 32174-3006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
$445,000
Florida Crossroads Industrial Zone
Ruben L Sapp
Warranty Deed
—
Aug 22, 2024
—
Ruben L Sapp
Ruben L Sapp
Intrafamily Transfer
related
—
Dec 22, 2023
—
Ruben L Sapp
Sapp Enterprises One LLC
Intrafamily Transfer
related
—
Aug 10, 2015
$900,000
Sapp Ents One LLC
Smith,ray D & Margaret E
Warranty Deed
$850,000 · Ray D & Margaret E Smith
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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