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Property profile & analytics
OFF-MARKET
Estimated value
$4,825,000
Retail space
2475 Us Hwy 1st 1, Mims, FL 32754-3874
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-2840596
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,815 SF
Lot
2.21 ac (96,268 SF)
Zoning code
BU-1
APN
21-35-17-51-00000.0-0022.01
UPID
US18-2840596
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
$4.92M
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$4.83M
Owner & transaction history
Bs Mims Fl Landlord LLC · 4 yrs held
Bs Mims Fl Landlord LLC
since 2022
Last sale
$5.5M
1 recorded transaction
Zoning & alternative use
BU-1 · Mims, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+111.2%
Commercial (general)
$4.2M
+47.3%
Auto repair, garage
$3.7M
+29.6%
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 Mims submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mims 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
$4,770,000
ML approach
$4,915,000
CAP Approach
CAP Return
Estimation
6%
$3,425,000
6.5%
$3,160,000
7%
$2,935,000
Alternative Use
Use
Estimation
RESTAURANT
$6,050,000
Change: +111% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,220,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,715,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$3,365,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$4.83M
Range $4.34M – $5.31M · ±10% · vs last sale $5.45M (Feb 9 2022)
Last sale anchor
$5.45M
Feb 9 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
$271 / 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
$33,380
Tax year 2023
Assessed value
$2,091,820
Assessed 2023
Previous assessed
$2,050,440
+2.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$318,090
Assessed improvement
$1,773,730
Land market value
$318,090
Improvement market value
$1,773,730
Total market value
$2,091,820
Applied tax rate
1,300.0000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
17,815 SF
Lot
2.21 ac (96,268 SF)
Zoning code
BU-1
APN
21-35-17-51-00000.0-0022.01
UPID
US18-2840596
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Mims, FL
Zoning BU-1 · permitted uses
BU-1 · Mims, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mims. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.4M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
Bs Mims Fl Landlord LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3333 PEACHTREE RD NE #7, ATLANTA, GA 30326-1070
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
$5,452,400
Bs Mims Fl Landlord LLC
Walgreen Co
Special Warranty Deed
—
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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