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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
2101 Prevatt St, Eustis, FL 32726-6131
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1455488
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Construction
BRICK
Total area
2,484 SF
Lot
1 ac (43,560 SF)
APN
15-19-26-0425-000-00400
UPID
US18-1455488
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
-
Lake Internal Medicine Assocs Medical Clinic
-
Steven M. Tang, M.D. Physician
-
Sarah Sellers Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$510k
Owner & transaction history
Ned Nielsen · 1 yrs held
Ned Nielsen
since 2024
Last sale
$510,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$730,000
+108.2%
Retail stores
$585,000
+67.3%
Auto repair, garage
$580,000
+65.7%
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 Eustis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eustis 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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$350,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$580,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $510k (Sep 5 2024)
Last sale anchor
$510k
Sep 5 2024
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
$205 / 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
$9,041
Tax year 2023
Assessed value
$466,373
Assessed 2023
Previous assessed
$466,373
+0.0% YoY
Effective rate
1.94%
On assessed value
Land market value
$144,946
Improvement market value
$321,427
Total market value
$466,373
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
1989
Construction
BRICK
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
2,484 SF
Lot
1 ac (43,560 SF)
APN
15-19-26-0425-000-00400
UPID
US18-1455488
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
$350,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
RETAIL STORES
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$580,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1989
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Ned Nielsen
Individual
Mailing address
151 CROSSTREE DR, HILTON HEAD ISLAND, SC 29926-1248
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 5, 2024
$510,000
Ned Nielsen
George Tang Schuyler
Special Warranty Deed
—
Nov 6, 2001
$300,000
Steven M Tang
Radnothy,jon M & Shelly
Grant Deed
$280,000 · Florida Choice Bank
—
—
Jon E Radmothy
—
Deed Of Trust
related
$280,000 · Suntrust Bank NA
—
—
Steven M Tang
—
Deed Of Trust
related
$165,388 · Regions 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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