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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Office buildings
218 Florida St Bushnell, FL 33513-6150
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-3227329
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE
Total area
4,296 SF
Lot
0.23 ac (10,223 SF)
APN
N16C046
UPID
US18-3227329
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
-
H & B Consulting Engineers Inc Engineering Consultant
-
Connie Mahan Real Estate Group, Inc. Real Estate Agency
-
Lake Sumter Properties Inc Property Management Company
-
Melanie Merritt Realtor Real Estate Agency
-
Alex DeFrancisci, Realtor® Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$837k
Blend (final)
Blend
$835k
Owner & transaction history
Southern Props Florida LLC · 10 yrs held
Southern Props Florida LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bushnell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bushnell 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%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
RETAIL STORES
$825,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$194 / 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
$5,474
Tax year 2023
Assessed value
$383,400
Assessed 2023
Previous assessed
$355,090
+8.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$16,110
Assessed improvement
$367,290
Land market value
$16,110
Improvement market value
$367,290
Total market value
$383,400
Applied tax rate
6,006.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Total area
4,296 SF
Lot
0.23 ac (10,223 SF)
APN
N16C046
UPID
US18-3227329
Jurisdiction
SUMTER
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
$855,000
RETAIL STORES
Est. value
$825,000
OFFICE BUILDING Current
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
2003
Construction
CONCRETE
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Southern Props Florida LLC
Entity
Free & Clear · 10 yrs held
Mailing address
218 N FLORIDA ST STE #2, BUSHNELL, FL 33513-6150
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
—
The Cove At Twisted Turtle LLC
—
Deed
related
$825,000 · Southern Properties Florida LLC
Aug 3, 2021
—
Robert A Sanchez
—
Deed
related
$910,000 · Bruce A Jayne
Nov 9, 2020
—
Southern Properties LLC
—
Deed
related
$750,000 · Farm Credit Svcs
Sep 11, 2015
—
Southern Props Florida LLC
Properties Of Sumter INC
Quit Claim Deed
—
Dec 4, 2013
—
Properties Of Sumter INC
Lake-sumter Properties INC
Quit Claim Deed
—
Mar 5, 2001
$57,000
Lake Sumter Properties INC
Skinner,l D
Grant Deed
—
—
—
Lake-sumter Properties INC
—
Deed Of Trust
related
$360,000 · Hancock Bank
—
—
Lake-sumter Properties INC
—
Deed Of Trust
related
$453,750 · Suntrust Bank NA
—
—
Southern Properties LLC
—
Deed Of Trust
related
$750,000 · Farm Credit Svcs
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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