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Property profile & analytics
OFF-MARKET
Estimated value
$17,100,000
Assisted living facilities
37135 Coleman Ave, Dade City, FL 33525-4526
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2765534
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1975
Total area
36,680 SF
Lot
8.75 ac (381,000 SF)
Zoning code
0RIO
APN
34-24-21-0000-09000-0000
UPID
US18-2765534
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
-
Heritage Park Specialty Care - Under new ownership Nursing Home
-
Dr. Thomas Edwards Pediatrician Physician
-
Dade City Health and Rehabilitation Nursing Home
-
Heritage Park Health and Rehabilitation Center Rehabilitation Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.10M
Owner & transaction history
Dade City Fl Propco II LLC · 1 yrs held
Dade City Fl Propco II LLC
since 2024
Last sale
$17.1M
7 recorded transactions
Zoning & alternative use
0RIO · Dade City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.6M
+172.2%
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 Dade City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dade City 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
$17,100,000
ML approach
$17,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$18,570,000
Change: +172% · Conversion: Difficult
Blend value · Realmo final
$17.10M
Range $15.39M – $18.81M · ±10% · vs last sale $17.10M (Nov 7 2024)
Last sale anchor
$17.10M
Nov 7 2024
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
$466 / 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
$48,097
Tax year 2023
Assessed value
$1,964,926
Assessed 2023
Previous assessed
$1,979,379
-0.7% YoY
Effective rate
2.45%
On assessed value
Assessed land
$922,950
Assessed improvement
$1,041,976
Land market value
$922,950
Improvement market value
$1,041,976
Total market value
$1,964,926
Applied tax rate
10.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
120
Bathrooms
71
Total area
36,680 SF
Lot
8.75 ac (381,000 SF)
Zoning code
0RIO
APN
34-24-21-0000-09000-0000
UPID
US18-2765534
Jurisdiction
PASCO
Zoning & alternative use
0RIO · Dade City, FL
Zoning 0RIO · permitted uses
0RIO · Dade City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dade City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$18.6M
RESTAURANT
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
Units
120
Bathrooms
71
Lot
8.75 ac
Current owner
From public records · entity-resolved
Dade City Fl Propco II LLC
Entity
Mailing address
1 EXCHANGE PLZ STE #2001, NEW YORK, NY 10006-3736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
—
Dade City Fl Propco II LLC
Dade City Fl Propco LLC
Deed
related
$207,053,562 · Capital Funding
Jan 14, 2021
—
Dade City Fl Propco LLC
—
Deed
related
$311,000,000 · Capital Funding
Dec 2, 2020
—
Dade City Fl Propco LLC
Ap2012-heritage Park LLC
Correction Deed
related
—
Nov 23, 2020
$17,100,000
Dade City Fl Propco LLC
Ap2012 Heritage Park LLC
Special Warranty Deed
—
Nov 29, 2012
$9,611,888
Ap2012-heritage Park LLC
Health Care Reit INC
Deed Of Trust
related
$168,800,000 · Capital One
Jul 9, 2004
$7,400,000
Health Care Reit INC
Jorden Holdings V LLC
Warranty Deed
—
—
—
Ap2012-heritage Park LLC
—
Deed Of Trust
related
$8,232,900 · Housing & Healthcare Fin
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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