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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Retail space
2560 Hwy 50 Clermont, FL 34711-8411
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0752729
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
CONCRETE BLOCKS
Total area
5,100 SF
Lot
3.63 ac (158,031 SF)
APN
09-22-26-1205-016-00000
UPID
US19-0752729
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
-
Brows By Amberr Medical Clinic Skin Care Clinic
-
Sandhill Direct Health Medical Clinic
-
Ritter's Frozen Custard Grocery & Convenience Store Specialty Food Shop
-
5 Stars Cabinets Hardware & Home Improvement Furniture & Home Goods
-
Little Caesars of Clermont Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.62M
Owner & transaction history
Park Plaza Tml LLC · 11 yrs held
Park Plaza Tml LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+31.9%
Restaurant
$1.8M
+19.7%
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 Clermont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clermont 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
COMMERCIAL (GENERAL)
$1,960,000
Change: +32% · Conversion: Easy
RESTAURANT
$1,780,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±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
$513 / 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
$78,135
Tax year 2023
Assessed value
$4,508,553
Assessed 2023
Previous assessed
$4,149,655
+8.6% YoY
Effective rate
1.73%
On assessed value
Land market value
$2,294,489
Improvement market value
$2,214,064
Total market value
$4,508,553
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
16
Total area
5,100 SF
Lot
3.63 ac (158,031 SF)
APN
09-22-26-1205-016-00000
UPID
US19-0752729
Jurisdiction
LAKE
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
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
COMMERCIAL (GENERAL)
RESTAURANT
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
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
16
Lot
3.63 ac
Current owner
From public records · entity-resolved
Park Plaza Tml LLC
Entity
Mailing address
6020 NW 91ST AVE, PARKLAND, FL 33067-3723
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
Park Plaza Tml LLC
—
Deed
related
—
Aug 28, 2014
$4,250,000
Park Plaza Tml LLC
W/b Hancock Village Owner LP
Special Warranty Deed
$2,650,000 · First Southern Bank
May 12, 2011
$2,150,000
B Hancock Village Owner LP W
2560 East State Road 50 Holdin
Grant Deed
$1,200,000 · Bocar Family Holdings LP
Feb 3, 2010
—
2560 East State Road 50 Holdin
Hancock Village Clermont Coc
Trustees Deed
related
—
Jan 21, 2010
—
2560 East St. Road 50 Holdings
Clerk Of Court Of Lake County
Trustees Deed
related
—
Aug 4, 2005
$6,100,000
Hancock Village Clermont LLC
Hancock Village LLC
Grant Deed
related
—
—
—
Park Plaza Tml LLC
—
Loan Modification
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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