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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Office buildings
1711 Hoffner Ave Belle Isle, FL 32809-3599
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4421202
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Total area
1,612 SF
Lot
1.94 ac (84,594 SF)
Zoning code
R-1-AA
APN
19-23-30-4390-00-030
UPID
US18-4421202
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
$650k
Blend (final)
Blend
$1.04M
Owner & transaction history
Marvel Quevedo · 7 yrs held
Marvel Quevedo
since 2019
2 recorded transactions
Zoning & alternative use
R-1-AA · Belle Isle, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single family dwelling districts are intended to be single family residential areas with large lots and low population densities or Certain structures and uses required to serve public, educational, religious, utilities and noncommercial recreational needs of such areas are permitted within these districts as special exceptions
Zone name
Single Family Dwelling
General category
COMMERCIAL
Zone area
1,080.41 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$650,000
+30.7%
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 Belle Isle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belle Isle 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10%
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
$645 / 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
$13,382
Tax year 2023
Assessed value
$829,970
Assessed 2023
Previous assessed
$805,796
+3.0% YoY
Effective rate
1.61%
On assessed value
Land market value
$826,980
Improvement market value
$237,626
Total market value
$1,064,606
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
4
Bathrooms
2
Total area
1,612 SF
Lot
1.94 ac (84,594 SF)
Zoning code
R-1-AA
APN
19-23-30-4390-00-030
UPID
US18-4421202
Jurisdiction
ORANGE
Zoning & alternative use
R-1-AA · Belle Isle, FLZoning R-1-AA · permitted uses
R-1-AA · Belle Isle, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single family dwelling districts are intended to be single family residential areas with large lots and low population densities or Certain structures and uses required to serve public, educational, religious, utilities and noncommercial recreational needs of such areas are permitted within these districts as special exceptions
Zone name
Single Family Dwelling
General category
COMMERCIAL
Zone area
1,080.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$650,000
COMMERCIAL (GENERAL)
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
1946
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
Marvel Quevedo
Individual
Mailing address
1711 HOFFNER AVE, BELLE ISLE, FL 32809-3599
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
Marvel Quevedo
—
Deed
related
$1,900,000 · Commerce Bank & Trust
Apr 15, 2019
$905,000
Marvel Quevedo
Matthews,w Wayne
Warranty Deed
$780,000 · W Wayne Matthews
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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