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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Strip malls
1731 Us Hwy 98 Lorida, FL 33857-9772
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5452936
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,600 SF
Lot
0.51 ac (22,400 SF)
Zoning code
B1
APN
C-08-35-31-A00-0030-0000
UPID
US18-5452936
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
$1.02M
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$820k
Owner & transaction history
Lorida Investments INC · 5 yrs held
Lorida Investments INC
since 2021
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
B1 · Lorida, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+81.2%
Medical building
$920,000
+48.6%
Office building
$915,000
+47.8%
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 Lorida submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorida 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
$1,125,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Current use
RETAIL STORES
$1,120,000
Change: +81% · Conversion: Easy
MEDICAL BUILDING
$920,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: +48% · Conversion: Moderate
WAREHOUSE, STORAGE
$745,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$630,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $850k (Jun 1 2021)
Last sale anchor
$850k
Jun 1 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
$146 / 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
$4,947
Tax year 2023
Assessed value
$344,640
Assessed 2023
Previous assessed
$287,455
+19.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$17,920
Assessed improvement
$326,720
Land market value
$17,920
Improvement market value
$326,720
Total market value
$344,640
Applied tax rate
60.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
2
Total area
5,600 SF
Lot
0.51 ac (22,400 SF)
Zoning code
B1
APN
C-08-35-31-A00-0030-0000
UPID
US18-5452936
Jurisdiction
HIGHLANDS
Zoning & alternative use
B1 · Lorida, FL
Zoning B1 · permitted uses
B1 · Lorida, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lorida. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$620,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$920,000
OFFICE BUILDING
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Lorida Investments INC
Entity
Mailing address
960 SE 23RD ST, OKEECHOBEE, FL 34974-5392
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
$850,000
Lorida Investments INC
Brother Plus INC
Warranty Deed
$38,000 · 2 Brothers Plus INC
Aug 15, 2019
—
2 Brothers & INC
—
Deed
related
$445,205 · Wauchula St Bk
Jun 12, 2014
$500,000
Brothers & INC
Jones Oil & Tire INC
Warranty Deed
—
—
—
Jones Oil & Tire INC
—
Loan Modification
related
$1,233,355 · Wauchula St Bk
—
—
Jones Oil & Tire INC
—
Loan Modification
related
$500,000 · Wauchula St Bk
—
—
Jones Oil & Tire INC
—
Loan Modification
related
$1,233,355 · Wauchula St Bk
—
—
2 Brothers & INC
—
Loan Modification
related
$445,205 · Wauchula St Bk
—
—
Jones Oil & Tire INC
—
Deed Of Trust
related
$443,000 · Wauchula State Bank
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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