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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Manufacturing properties
223 Gordon Chapel Rd Hawthorne, FL 32640-5426
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5147263
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2022
Construction
WOOD FRAME
Total area
18,750 SF
Lot
72.21 ac (3,145,468 SF)
APN
30-10-23-0000-004.0-002.0
UPID
US18-5147263
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
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.99M
Owner & transaction history
Pioneer Storage Company Of Florida · 2 yrs held
Pioneer Storage Company Of Florida
since 2023
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+83.9%
Office building
$2.7M
+49.5%
Retail stores
$2.5M
+40.4%
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 Hawthorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawthorne 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,790,000
Current use
COMMERCIAL (GENERAL)
$3,290,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$2,675,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$2,515,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,305,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $2.00M (Nov 8 2023)
Last sale anchor
$2.00M
Nov 8 2023
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
$106 / 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
$22,735
Tax year 2023
Assessed value
$1,709,300
Assessed 2023
Previous assessed
$1,336,220
+27.9% YoY
Effective rate
1.33%
On assessed value
Land market value
$570,580
Improvement market value
$1,138,720
Total market value
$1,709,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2022
Construction
WOOD FRAME
Heating
HEAT PUMP
Total area
18,750 SF
Lot
72.21 ac (3,145,468 SF)
APN
30-10-23-0000-004.0-002.0
UPID
US18-5147263
Jurisdiction
PUTNAM
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2022
Construction
WOOD FRAME
Heating
HEAT PUMP
Lot
72.21 ac
Current owner
From public records · entity-resolved
Pioneer Storage Company Of Florida
Entity
Free & Clear · 2 yrs held
Mailing address
1200 N GRAND AVE, EL RENO, OK 73036-1717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2023
$2,000,000
Pioneer Storage Company Of Florida
Ray S Williams
Warranty Deed
—
May 2, 2022
—
Ridgway Land LLC
Ray S Williams
Correction Deed
related
—
Dec 2, 2021
$490,000
Ridgway Land LLC
Ray S Williams
Warranty Deed
—
Feb 11, 2019
$219,000
Ray S Williams
Georgia-pacific Wood Products
Grant Deed
$208,170 · Fnb South
May 8, 2007
—
Georgia-pacific Wood Products
Georgia-pacific Corp
Quit Claim Deed
related
—
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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