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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Manufacturing properties
301 Richey Rd, Leesburg, FL 34748-8582
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1455475
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Construction
WOOD FRAME
Total area
12,480 SF
Lot
0.76 ac (33,318 SF)
APN
28-19-24-0002-000-07500
UPID
US18-1455475
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
-
Advance Hydraulic Services Building Supply
-
LINCARE Production Facility
-
Work Horse Lifts Auto Repair Shop Vehicle Inspection Center
-
Walling Engineering Engineering Consultant
-
West Pointe Commerce Center Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$961k
Blend (final)
Blend
$960k
Owner & transaction history
Rand Yard Farms LLC · 7 yrs held
Rand Yard Farms LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+4.5%
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 Leesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leesburg 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
INDUSTRIAL (GENERAL)
$1,450,000
Current use
WAREHOUSE, STORAGE
$1,515,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$77 / 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
$10,478
Tax year 2023
Assessed value
$674,227
Assessed 2023
Previous assessed
$570,908
+18.1% YoY
Effective rate
1.55%
On assessed value
Land market value
$159,647
Improvement market value
$514,580
Total market value
$674,227
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
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
12,480 SF
Lot
0.76 ac (33,318 SF)
APN
28-19-24-0002-000-07500
UPID
US18-1455475
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.76 ac
Current owner
From public records · entity-resolved
Rand Yard Farms LLC
Entity
Mailing address
4525 MYRTLE ST, EDGEWATER, FL 32141-7313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2019
$617,500
Rand Yard Farms LLC
2a10 Bc LLC
Grant Deed
—
Nov 1, 2016
$420,000
2a10bc LLC
Exclusive Properties Group INC
Warranty Deed
$360,000 · United Southern Bank
Jul 2, 1998
$236,900
Exclusive Properties Group INC
Hansard,elbert L
Grant Deed
$250,000 · Executive Commercial Funding
—
—
Exclusive Properties Grp INC
—
Deed Of Trust
related
$200,000 · Harry W III & Susan R Hewitt
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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