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Property profile & analytics
OFF-MARKET
Estimated value
$235,000
Office buildings
23074 186th Ave High Springs, FL 32643-0599
Entity Owned
Free & Clear
Property ID
US18-1918368
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,907 SF
Lot
0.74 ac (32,234 SF)
Zoning code
C3
APN
00462-000-000
UPID
US18-1918368
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
$595k
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$235k
Owner & transaction history
DUKE ENERGY FLORIDA INC
DUKE ENERGY FLORIDA INC
Zoning & alternative use
C3 · High Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning | High Springs, FL
Top alternative use upside
Neighborhood: shopping center
$560,000
+27.1%
Retail stores
$530,000
+21.2%
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 High Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Springs 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%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$440,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$405,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$360,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$235k
Range $212k – $259k · ±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
$81 / 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
$7,925
Tax year 2023
Assessed value
$304,632
Assessed 2023
Previous assessed
$308,060
-1.1% YoY
Effective rate
2.60%
On assessed value
Assessed land
$145,055
Assessed improvement
$159,577
Land market value
$145,055
Improvement market value
$159,577
Total market value
$304,632
Applied tax rate
5,700.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
1
Bathrooms
3
Total area
2,907 SF
Lot
0.74 ac (32,234 SF)
Zoning code
C3
APN
00462-000-000
UPID
US18-1918368
Jurisdiction
ALACHUA
Zoning & alternative use
C3 · High Springs, FLZoning C3 · permitted uses
C3 · High Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning | High Springs, FL
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
RETAIL STORES
Est. value
$530,000
MEDICAL BUILDING
Est. value
$405,000
WAREHOUSE, STORAGE
Est. value
$360,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
1
Bathrooms
3
Lot
0.74 ac
Current owner
From public records · entity-resolved
DUKE ENERGY FLORIDA INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 37996, CHARLOTTE, NC 28237-7996
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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