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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
214 Cholokka Blvd Micanopy, FL 32667-4156
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5617676
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,581 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-1
APN
16734-000-000
UPID
US18-5617676
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
-
Two Parrots Gallery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$555k
Owner & transaction history
Radiant Rental Group LLC · 3 yrs held
Radiant Rental Group LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
C-1 · Micanopy, FL
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 Micanopy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Micanopy 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
$470,000
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$845,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $600k (Aug 3 2022)
Last sale anchor
$600k
Aug 3 2022
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
$99 / 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
$11,188
Tax year 2023
Assessed value
$495,014
Assessed 2023
Previous assessed
$221,447
+123.5% YoY
Effective rate
2.26%
On assessed value
Assessed land
$95,832
Assessed improvement
$399,182
Land market value
$95,832
Improvement market value
$399,182
Total market value
$495,014
Applied tax rate
7,600.0000
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
100
Rooms
6
Bathrooms
7
Total area
5,581 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-1
APN
16734-000-000
UPID
US18-5617676
Jurisdiction
ALACHUA
Zoning & alternative use
C-1 · Micanopy, FLZoning C-1 · permitted uses
C-1 · Micanopy, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$845,000
OFFICE 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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
6
Bathrooms
7
Lot
0.11 ac
Current owner
From public records · entity-resolved
Radiant Rental Group LLC
Entity
Mailing address
7420 W NEWBERRY RD STE B, GAINESVILLE, FL 32605-4400
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
$600,000
Radiant Rental Group LLC
214 First Street LLC
Warranty Deed
$800,000 · Campus USA Cu
Apr 3, 2019
$175,000
214 Ne First Street LLC
Polk,margaret M & James
Warranty Deed
—
Mar 1, 2019
$250,000
Margaret M Polk
Micanopy Canopy Connection INC
Warranty Deed
—
Mar 1, 2019
$100
Margaret M Polk
Boyd,tony
Quit Claim Deed
related
—
Nov 19, 2015
$125,600
Bonnie Mountain
Boyd,tony
Quit Claim Deed
related
—
Mar 8, 2006
$500,000
Micanopy Canopy Connection INC
Polk,margaret M
Warranty Deed
$360,000 · James & Margaret M Polk
—
—
Margaret M Polk
—
Deed Of Trust
related
$150,000 · Bank Of America
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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