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Property profile & analytics
OFF-MARKET
Estimated value
$4,195,000
Turn key restaurants
3351 Burleigh Blvd Tavares, FL 32778-5801
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-1440776
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
CONCRETE
Total area
11,552 SF
Lot
4.49 ac (195,488 SF)
APN
24-19-25-0004-000-15300
UPID
US18-1440776
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
-
Permanently Closed Boat Tour Agency Boat Rental Service
-
Hurricane Dockside Grill-Tavares Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.20M
Blend (final)
Blend
$4.20M
Owner & transaction history
Hurricane Of Tavares LLC · 14 yrs held
Hurricane Of Tavares LLC
since 2011
7 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 Tavares submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tavares 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
RESTAURANT
$5,150,000
Current use
Blend value · Realmo final
$4.20M
Range $3.78M – $4.61M · ±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
$363 / 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
$40,007
Tax year 2023
Assessed value
$2,084,016
Assessed 2023
Previous assessed
$2,015,220
+3.4% YoY
Effective rate
1.92%
On assessed value
Land market value
$1,011,126
Improvement market value
$1,072,890
Total market value
$2,084,016
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
8
Total area
11,552 SF
Lot
4.49 ac (195,488 SF)
APN
24-19-25-0004-000-15300
UPID
US18-1440776
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
RESTAURANT Current
Est. value
$5.2M
RESTAURANT Current
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
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
8
Lot
4.49 ac
Current owner
From public records · entity-resolved
Hurricane Of Tavares LLC
Entity
Mailing address
1280 OLD CONGRESS AVE, WEST PALM BEACH, FL 33409-6377
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2011
$1,400,000
Hurricane Of Tavares LLC
Allen,edward R
Warranty Deed
$1,100,000 · Allen Edward R Trust
Aug 4, 2011
—
Allen Edward R Trust
Dead River LLC Coc
Trustees Deed
related
—
Jul 25, 2011
—
Allen Edward R Trust
Clerk Of Court Of Lake County
Trustees Deed
related
—
Jan 7, 2002
$1,165,000
Dead River LLC
Charles W Shepherd Estate
Grant Deed
$1,250,000 · Northern Trust Bank Of Florida
Jan 7, 2002
—
Dead River LLC
Donahey,charles V
Grant Deed
related
—
—
—
Dead River LLC
—
Deed Of Trust
related
$360,000 · Edward R Allen
—
—
Charles W Shepherd
—
Deed Of Trust
related
$300,000 · Peoples State Bank
—
—
Charles W Shepherd
—
Deed Of Trust
related
$150,000 · Peoples State Bank Groveland
—
—
Dead River LLC
—
Deed Of Trust
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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