Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,995,000
Office buildings
3501 Progress Ln Saint Cloud, FL 34769-6519
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-4365608
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Total area
23,597 SF
Lot
2.46 ac (107,158 SF)
Zoning code
SPUD
APN
1526300700TRAC0020
UPID
US18-4365608
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
$8.49M
CAP Approach
CAP
$5.79M
Comparable Approach
Comparable
$7.73M
Blend (final)
Blend
$8.00M
Owner & transaction history
Lhc St Cloud Lllp · 3 yrs held
Lhc St Cloud Lllp
since 2022
Last sale
$7.8M
3 recorded transactions
Zoning & alternative use
SPUD · Saint Cloud, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.4M
+41.2%
Auto repair, garage
$8.1M
+35.7%
Neighborhood: shopping center
$6.8M
+14.7%
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 Saint Cloud submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Cloud 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
$8,250,000
ML approach
$8,490,000
CAP Approach
CAP Return
Estimation
6%
$6,265,000
6.5%
$5,785,000
7%
$5,370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,940,000
Current use
WAREHOUSE, STORAGE
$8,385,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,065,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,810,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,135,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$5,990,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$8.00M
Range $7.20M – $8.79M · ±10% · vs last sale $7.75M (Dec 13 2022)
Last sale anchor
$7.75M
Dec 13 2022
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
$339 / 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
$128,038
Tax year 2023
Assessed value
$6,331,000
Assessed 2023
Previous assessed
$3,469,200
+82.5% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,043,700
Assessed improvement
$5,287,300
Land market value
$1,043,700
Improvement market value
$5,287,300
Total market value
$6,331,000
Applied tax rate
100.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
2
Total area
23,597 SF
Lot
2.46 ac (107,158 SF)
Zoning code
SPUD
APN
1526300700TRAC0020
UPID
US18-4365608
Jurisdiction
OSCEOLA
Zoning & alternative use
SPUD · Saint Cloud, FLZoning SPUD · permitted uses
SPUD · Saint Cloud, 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
$5.9M
WAREHOUSE, STORAGE
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
RETAIL STORES
Est. value
$6.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2008
Heating
YES
Cooling
Yes
Stories
2
Lot
2.46 ac
Current owner
From public records · entity-resolved
Lhc St Cloud Lllp
Entity
Free & Clear · 3 yrs held
Mailing address
241 RUSSELL CAVE RD, GEORGETOWN, KY 40324-9601
Ownership since
2022
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
Dec 13, 2022
$7,750,000
Lhc St Cloud Lllp
Ad Khan Properties LLC
Special Warranty Deed
—
Jul 11, 2007
—
Ad Khan Properties LLC
Central Florida Internists INC
Warranty Deed
—
Jun 1, 2006
$540,200
Central Florida Internists INC
Stevens Planatation Improvement Pro
Special Warranty Deed
$432,000 · Wachovia Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3501 Progress Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
