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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Medical Office Space
2950 Us Hwy 27th N Sebring, FL 33870
Entity Owned
21-yr Hold
Property ID
US18-5048257
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Construction
FRAME
Total area
11,237 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C1
APN
S-32-34-29-A00-0050-0000
UPID
US18-5048257
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
-
Deo P. Sankar, MD Physician
-
Pinzon Ernesto MD Physician Medical Clinic
-
Sedat T Ekici, MD Physician
-
ADVENT Health Prompt Care South Medical Clinic
-
Vanterpool Clyde MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.43M
Owner & transaction history
Zovan Partners Lllp · 21 yrs held
Zovan Partners Lllp
since 2004
2 recorded transactions
Zoning & alternative use
C1 · Sebring, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is offices, including medical, dental, legal, scientific, engineering, fine arts and literary offices
Zone name
Commercial
General category
COMMERCIAL
Zone area
807.62 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.2M
+19.1%
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 Sebring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sebring 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%
$1,630,000
6.5%
$1,505,000
7%
$1,395,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,845,000
Current use
RETAIL STORES
$2,200,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,675,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$127 / 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
$21,426
Tax year 2023
Assessed value
$2,108,311
Assessed 2023
Previous assessed
$1,905,323
+10.7% YoY
Effective rate
1.02%
On assessed value
Assessed land
$378,000
Assessed improvement
$1,730,311
Land market value
$378,000
Improvement market value
$1,730,311
Total market value
$2,108,311
Applied tax rate
20.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
45
Bathrooms
7
Total area
11,237 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C1
APN
S-32-34-29-A00-0050-0000
UPID
US18-5048257
Jurisdiction
HIGHLANDS
Zoning & alternative use
C1 · Sebring, FLZoning C1 · permitted uses
C1 · Sebring, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is offices, including medical, dental, legal, scientific, engineering, fine arts and literary offices
Zone name
Commercial
General category
COMMERCIAL
Zone area
807.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING Current
RETAIL STORES
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
1961
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
45
Bathrooms
7
Lot
2.16 ac
Current owner
From public records · entity-resolved
Zovan Partners Lllp
Entity
Mailing address
4200 SUN N LK BLVD, SEBRING, FL 33872-1986
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2004
$265,500
Zovan Partners Lllp
Adventist Health System/sunbel
Grant Deed
$900,000 · Riverside National Bank Fl
Jan 8, 2004
$530,000
Favor Of Advenfist Health Syst
Neubauer,tr
Grant 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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