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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Office buildings
3500 Harmony Sq W Dr Harmony, FL 34773-6047
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4009532
Property summary
AI-generated overview
This exceptional 6,228 square foot medical office building, located at 3500 Harmony Square Dr W in St. Cloud, Florida (34773), offers immediate occupancy. Situated in the thriving Harmony community, this property presents a unique opportunity for medical or professional office users. The entire building is currently vacant and available for lease, offering flexibility for single or multiple tenants. The space is divisible to a minimum of 2,898 square feet, accommodating various business needs. Ideally suited for a destination medical office or professional practice, this property benefits from its proximity to Harmony Middle and High School, boasting a student population of 3,266. The building is in excellent condition and is ready for immediate move-in. A minimum five-year lease term is required. This Osceola County location provides easy access for patients and employees alike. The property is perfect for a practice seeking a high-visibility location within a well-established community. Don't miss this chance to secure a prime medical office space in a rapidly growing area.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2003
Total area
5,951 SF
Lot
0.28 ac (12,197 SF)
Zoning code
OPD
APN
3026322613TRAC0WC0
UPID
US18-4009532
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
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.70M
Owner & transaction history
Harmony Office Park LLC · 4 yrs held
Harmony Office Park LLC
since 2021
4 recorded transactions
Zoning & alternative use
OPD · Harmony, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+33.9%
Neighborhood: shopping center
$1.7M
+13.1%
Industrial (general)
$1.5M
+1.9%
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 Harmony submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harmony 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%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,520,000
Current use
AUTO REPAIR, GARAGE
$2,035,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,720,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,545,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,510,000
Change: -1% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,385,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$285 / 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
$25,293
Tax year 2023
Assessed value
$1,276,000
Assessed 2023
Previous assessed
$1,162,600
+9.8% YoY
Effective rate
1.98%
On assessed value
Assessed land
$136,100
Assessed improvement
$1,139,900
Land market value
$136,100
Improvement market value
$1,139,900
Total market value
$1,276,000
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2003
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,951 SF
Lot
0.28 ac (12,197 SF)
Zoning code
OPD
APN
3026322613TRAC0WC0
UPID
US18-4009532
Jurisdiction
OSCEOLA
Zoning & alternative use
OPD · Harmony, FLZoning OPD · permitted uses
OPD · Harmony, FL
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
OFFICE BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2003
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Harmony Office Park LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1720 HARRISON ST, HOLLYWOOD, FL 33020-6829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 12, 2022
—
Harmony Clubhouse LLC
—
Deed
related
$8,000,000 · Harmony Retail LLC
Sep 21, 2021
—
Harmony Office Park LLC
Harmony Retail LLC
Correction Deed
related
—
Dec 29, 2017
—
Harmony Retail LLC
Harmony Florida Land LLC
Quit Claim Deed
related
$1,700,000 · Harmony Florida Land LLC
Sep 28, 2017
$24,250
Harmony Florida Land LLC
Birchwood Acres LP Lllp
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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