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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Retail space
32415 Broadway St Ste 101 Sebring, FL 33870-2143
Entity Owned
~
Est. High Equity
Property ID
US18-0714512
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Total area
4,358 SF
Lot
0.33 ac (14,549 SF)
Zoning code
B3
APN
S-26-34-28-020-0000-0131
UPID
US18-0714512
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
$740k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$630k
Owner & transaction history
T & M Properties Of Lake Placid LLC
T & M Properties Of Lake Placid LLC
since 2025
Last sale
$580,000
3 recorded transactions
Zoning & alternative use
B3 · Sebring, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$955,000
+11.9%
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
$720,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RETAIL STORES
$855,000
Current use
WAREHOUSE, STORAGE
$955,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $580k (Jun 19 2025)
Last sale anchor
$580k
Jun 19 2025
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
$145 / 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
$8,150
Tax year 2023
Assessed value
$423,222
Assessed 2023
Previous assessed
$346,594
+22.1% YoY
Effective rate
1.93%
On assessed value
Assessed land
$94,569
Assessed improvement
$328,653
Land market value
$94,569
Improvement market value
$328,653
Total market value
$423,222
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
4,358 SF
Lot
0.33 ac (14,549 SF)
Zoning code
B3
APN
S-26-34-28-020-0000-0131
UPID
US18-0714512
Jurisdiction
HIGHLANDS
Zoning & alternative use
B3 · Sebring, FL
Zoning B3 · permitted uses
B3 · Sebring, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sebring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$955,000
MEDICAL BUILDING
Est. value
$715,000
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL 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
1975
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Lot
0.33 ac
Current owner
From public records · entity-resolved
T & M Properties Of Lake Placid LLC
Entity
Mailing address
1502 LK JOSEPHINE DR, SEBRING, FL 33875-8211
Ownership since
2025
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
Sep 19, 2025
$580,000
T & M Properties Of Lake Placid LLC
Next Generation Windows And Doors I
Warranty Deed
$455,000 · Crews Bank & Trust
Apr 18, 2023
$491,500
Next Generation Windows And Doors I
Herra LLC
Warranty Deed
$46,000 · Wauchula State Bank
Sep 20, 2021
$375,000
Herra LLC
Michael Addair
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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