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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Retail space
17261 Broadway St Alva, FL 33920-3906
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4353750
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,864 SF
Lot
0.35 ac (15,072 SF)
Zoning code
C-1A
APN
22-43-27-01-00004.0080
UPID
US18-4353750
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
-
Alva Lee Highway 873 Drawbridge Department Of Transportation
-
Riteway Insurance Repair Services General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$640k
Owner & transaction history
Flpm 11 LLC · 4 yrs held
Flpm 11 LLC
since 2021
Last sale
$645,000
7 recorded transactions
Zoning & alternative use
C-1A · Alva, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$635,000
+8.7%
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 Alva submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alva 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
$630,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$585,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$540,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$535,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $645k (Oct 12 2021)
Last sale anchor
$645k
Oct 12 2021
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
$343 / 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
$6,500
Tax year 2023
Assessed value
$402,034
Assessed 2023
Previous assessed
$402,034
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$133,371
Assessed improvement
$268,663
Land market value
$133,371
Improvement market value
$268,663
Total market value
$402,034
Applied tax rate
158.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
1,864 SF
Lot
0.35 ac (15,072 SF)
Zoning code
C-1A
APN
22-43-27-01-00004.0080
UPID
US18-4353750
Jurisdiction
LEE
Zoning & alternative use
C-1A · Alva, FL
Zoning C-1A · permitted uses
C-1A · Alva, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alva. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
OFFICE BUILDING
Est. value
$540,000
MEDICAL BUILDING
Est. value
$535,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL 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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Flpm 11 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7750 OKEECHOBEE BLVD, WEST PALM BEACH, FL 33411-2104
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2021
—
Flpm 11 LLC
Fl Property Management LLC
Quit Claim Deed
related
—
Aug 31, 2021
$340,100
Fl Property Management 6 LLC
Shobe C Juman
Trustees Deed
related
—
Sep 14, 2020
$645,000
Juman,shobe C Living Trust
Agt Investments INC
Warranty Deed
$300,000 · Cwjd Holdings Wyoming LLC
Aug 28, 2018
—
Agt Investments INC
—
Deed
related
$309,338 · Marquis Bk
Feb 20, 2004
$400,000
Agt Investments INC
Houston,mark C
Grant Deed
—
Feb 5, 1997
—
Yvonne L Calomeris
—
Grant Deed
related
$68,000 · Sitback INC
—
—
Yvonne L Calomeris
—
Deed Of Trust
related
$110,000 · Barnett Bank
—
—
Yvonne L Calomeris
—
Deed Of Trust
related
$20,000 · Individual
—
—
Mark C Houston
—
Deed Of Trust
related
$50,000 · Samuel Spector
—
—
Yvonne Calomeris
—
Deed Of Trust
related
$145,500 · Fremont Investment & Loan
—
—
Agt Investments INC
—
Loan Modification
related
$309,338 · Marquis Bk
—
—
Mark C Houston
—
Deed Of Trust
related
$162,500 · Frank Dalessandfro Equity Fund
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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