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Property profile & analytics
OFF-MARKET
Estimated value
$17,020,000
Outlet malls
2577 Hwy 27, Clermont, FL 34711-6788
Entity Owned
17-yr Hold
Free & Clear
Property ID
US18-3196004
Property summary
AI-generated overview
This exceptional 1,886-square-foot office space is located in the brand-new Cross Ridge Exchange in Clermont, Florida (34711), at 2577 S Hwy 27. The Class A property, built in 2024, offers a single-story, 1,886-square-foot suite within a larger building containing 4300 suites. The space features high ceilings, abundant natural light from numerous windows, and a private entrance. Its location next to a busy medical office provides excellent visibility and access to a substantial potential customer base. The property is situated in Lake County and is ideal for businesses seeking a modern, spacious, and conveniently located workspace in a thriving area. The suite is immediately available for lease. No elevators are present in the building. This is a rare opportunity to establish a business in a high-traffic area with built-in marketing advantages. The space is perfect for a variety of businesses seeking a high-quality, modern office environment.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2009
Construction
CONCRETE BLOCKS
Total area
108,582 SF
Lot
12 ac (522,776 SF)
APN
32-22-26-1000-000-00700
UPID
US18-3196004
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
-
BJ’s Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
BJ's Wholesale Club Big Box & Wholesale Store Grocery & Convenience Store
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.02M
Blend (final)
Blend
$17.02M
Owner & transaction history
Bjs Wholesale Club INC · 17 yrs held
Bjs Wholesale Club INC
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
AUTO REPAIR, GARAGE
$25,395,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$17.02M
Range $15.32M – $18.72M · ±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
$157 / 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
$114,435
Tax year 2023
Assessed value
$6,603,116
Assessed 2023
Previous assessed
$6,345,334
+4.1% YoY
Effective rate
1.73%
On assessed value
Land market value
$3,131,167
Improvement market value
$3,471,949
Total market value
$6,603,116
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2009
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
7
Total area
108,582 SF
Lot
12 ac (522,776 SF)
APN
32-22-26-1000-000-00700
UPID
US18-3196004
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
AUTO REPAIR, GARAGE
Est. value
$25.4M
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
2009
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
12 ac
Current owner
From public records · entity-resolved
Bjs Wholesale Club INC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 9157, MARLBOROUGH, MA 01752-5157
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2008
$5,000,000
Bjs Wholesale Club INC
Steves Road LLC
Grant Deed
—
Nov 11, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jun 19, 2008
$3,036,400
Record Owner
Owner,record
Warranty 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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