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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Manufacturing properties
24576 180th Pl High Springs, FL 32643-4347
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4239720
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Construction
STEEL FRAME
Total area
14,000 SF
Lot
1.06 ac (46,174 SF)
Zoning code
I
APN
01389-012-000
UPID
US18-4239720
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$740k
Owner & transaction history
Dormeyers Doors & Windows LLC · 6 yrs held
Dormeyers Doors & Windows LLC
since 2020
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
I · High Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning | High Springs, FL
Top alternative use upside
Apartment house (5+ units)
$1.1M
+73.1%
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
$730,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$645,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,120,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $750k (Mar 2 2020)
Last sale anchor
$750k
Mar 2 2020
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
$53 / 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
$10,503
Tax year 2023
Assessed value
$430,173
Assessed 2023
Previous assessed
$440,079
-2.3% YoY
Effective rate
2.44%
On assessed value
Assessed land
$55,408
Assessed improvement
$374,765
Land market value
$55,408
Improvement market value
$374,765
Total market value
$430,173
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
100
Rooms
1
Bathrooms
3
Total area
14,000 SF
Lot
1.06 ac (46,174 SF)
Zoning code
I
APN
01389-012-000
UPID
US18-4239720
Jurisdiction
ALACHUA
Zoning & alternative use
I · High Springs, FLZoning I · permitted uses
I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
1
Bathrooms
3
Lot
1.06 ac
Current owner
From public records · entity-resolved
Dormeyers Doors & Windows LLC
Entity
Mailing address
PO BOX 1853, HIGH SPRINGS, FL 32655-1853
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
$750,000
Dormeyers Doors & Windows LLC
Gww LLC
Warranty Deed
$750,000 · Weseman Gary W Trust (rt)
Sep 3, 2009
—
Gww LLC
—
Trustees Deed
related
$500,000 · Alarion Bank
Mar 28, 2007
$132,500
Gww LLC
High Springs Indl Park INC
Warranty Deed
—
—
—
Gww LLC
—
Deed Of Trust
related
$458,313 · Alarion Bank
—
—
Gww LLC
—
Deed Of Trust
related
$284,041 · Alarion Bank
—
—
Gww LLC
—
Deed Of Trust
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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