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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Warehouses
1759 Lockport Ln Dunnellon, FL 34434
Entity Owned
Free & Clear
Property ID
US18-5490418
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,760 SF
Lot
2.2 ac (95,832 SF)
Zoning code
IND INDUSTRIAL
APN
18E-16S-35-0020-012.0
UPID
US18-5490418
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
$755k
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$665k
Owner & transaction history
STOR RIDGE INC
STOR RIDGE INC
Zoning & alternative use
IND INDUSTRIAL · Dunnellon, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+79.0%
Retail stores
$800,000
+52.7%
Auto repair, garage
$720,000
+37.0%
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 Dunnellon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunnellon 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%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$525,000
Current use
OFFICE BUILDING
$940,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$720,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$605,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$115 / 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
$8,315
Tax year 2023
Assessed value
$532,270
Assessed 2023
Previous assessed
$479,210
+11.1% YoY
Effective rate
1.56%
On assessed value
Assessed land
$118,760
Assessed improvement
$413,510
Land market value
$118,760
Improvement market value
$413,510
Total market value
$532,270
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
5
Stories
1
Units
1
Bathrooms
4
Total area
5,760 SF
Lot
2.2 ac (95,832 SF)
Zoning code
IND INDUSTRIAL
APN
18E-16S-35-0020-012.0
UPID
US18-5490418
Jurisdiction
CITRUS
Zoning & alternative use
IND INDUSTRIAL · Dunnellon, FL
Zoning IND INDUSTRIAL · permitted uses
IND INDUSTRIAL · Dunnellon, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dunnellon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$940,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Stories
1
Buildings
5
Units
1
Bathrooms
4
Lot
2.2 ac
Current owner
From public records · entity-resolved
STOR RIDGE INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1107, DUNNELLON, FL 34430-1107
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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