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Property profile & analytics
FOR SALE
Office buildings
37415 State Road 19 Umatilla, FL 32784
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-6291792
For Sale
1 / 10
$899,000
37415 State Road 19, Umatilla, FL 32784
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Construction
CONCRETE BLOCKS
Total area
1,634 SF
Lot
1.1 ac (48,000 SF)
APN
26-18-26-0500-002-00100
UPID
US18-6291792
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
$400k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$505k
Owner & transaction history
Harpaul Fl Realty INC · 5 yrs held
Harpaul Fl Realty INC
since 2020
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$570,000
+57.0%
Neighborhood: shopping center
$480,000
+32.7%
Auto repair, garage
$380,000
+5.6%
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 Umatilla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Umatilla 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
$580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$400,000
7%
$370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Current use
COMMERCIAL (GENERAL)
$570,000
Change: +57% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$380,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$350,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $450k (Jul 24 2020)
Last sale anchor
$450k
Jul 24 2020
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
$309 / 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
$9,843
Tax year 2023
Assessed value
$430,663
Assessed 2023
Previous assessed
$380,301
+13.2% YoY
Effective rate
2.29%
On assessed value
Land market value
$140,554
Improvement market value
$290,109
Total market value
$430,663
Applied tax rate
2.0000
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
Status
For Sale
Year built
1953
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
7
Bathrooms
9
Total area
1,634 SF
Lot
1.1 ac (48,000 SF)
APN
26-18-26-0500-002-00100
UPID
US18-6291792
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
OFFICE BUILDING Current
Est. value
$360,000
COMMERCIAL (GENERAL)
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$380,000
RETAIL STORES
Est. value
$350,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1953
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
7
Bathrooms
9
Lot
1.1 ac
Current owner
From public records · entity-resolved
Harpaul Fl Realty INC
Entity
Mailing address
5626 C THOMAS RD STE #709, WILDWOOD, FL 34785-5110
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Harpaul Fl Realty INC
—
Deed
related
$365,000 · Mortgage Lending Trust Fa24 045
Jul 24, 2020
$450,000
Harpaul Fl Realty INC
Tallent Properties LLC
Warranty Deed
$445,000 · Tallent Props LLC
Oct 20, 2011
—
Tallent Properties LLC
Tallent,ronnie G
Quit Claim Deed
related
—
Nov 6, 2009
—
Ronnie G Tallent
Tallent,gertrude
Quit Claim Deed
related
—
Oct 19, 2009
$250,000
Gertrude Tallent
Lcrc INC
Warranty Deed
—
Jan 24, 2005
$480,000
Lcrc INC
Tallent,gertrude
Warranty Deed
$475,000 · Gertrude Tallent
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?”
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