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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Office buildings
1971 Salk Ave Tavares, FL 32778-4306
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-6392078
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2020
Construction
CONCRETE BLOCKS
Total area
8,757 SF
Lot
0.98 ac (42,516 SF)
APN
21-19-26-1100-000-00400
UPID
US18-6392078
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
-
DaVita Mt Dora Dialysis Medical Clinic
-
DaVita Mt Dora At Home Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.63M
Owner & transaction history
Pistachio LLC · 5 yrs held
Pistachio LLC
since 2020
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+109.1%
Commercial (general)
$3.0M
+63.1%
Neighborhood: shopping center
$2.6M
+37.8%
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 Tavares submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tavares 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
$3,355,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,325,000
6.5%
$2,145,000
7%
$1,995,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,865,000
Current use
RESTAURANT
$3,905,000
Change: +109% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,045,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,575,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,050,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$1,870,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10% · vs last sale $2.60M (Nov 24 2020)
Last sale anchor
$2.60M
Nov 24 2020
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
$300 / 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
$44,224
Tax year 2023
Assessed value
$2,342,883
Assessed 2023
Previous assessed
$2,152,451
+8.8% YoY
Effective rate
1.89%
On assessed value
Land market value
$509,305
Improvement market value
$1,833,578
Total market value
$2,342,883
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2020
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,757 SF
Lot
0.98 ac (42,516 SF)
APN
21-19-26-1100-000-00400
UPID
US18-6392078
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
2020
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Pistachio LLC
Entity
Mailing address
4915 HAMPDEN LN UNIT #201, BETHESDA, MD 20814-3700
Ownership since
2020
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
Nov 24, 2020
$2,600,100
Pistachio LLC
Gh1 Tav Mob LLC
Special Warranty Deed
$1,690,049 · Ameris Bank
Nov 14, 2019
$600,000
Gh1 Tav Mob LLC
Baker Groves INC
Warranty Deed
$2,450,000 · Seacoast National Bank
Nov 16, 2004
$820,000
Land Trust 1
Baker Groves INC
Warranty Deed
—
Jul 11, 2003
$425,000
George W Warren
Baker Groves INC
Grant Deed
$361,250 · Suntrust Bank NA
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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