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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Retail space
37838 Pasco Ave Dade City, FL 33525-4211
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-7039775
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
3,000 SF
Lot
0.23 ac (9,810 SF)
Zoning code
0CBD
APN
27-24-21-0280-00500-00D0
UPID
US18-7039775
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
-
Magnolia Title Agency LLC Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$630k
Owner & transaction history
Igma Investments LLC · 2 yrs held
Igma Investments LLC
since 2024
Last sale
$630,000
5 recorded transactions
Zoning & alternative use
0CBD · Dade City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$650,000
+35.6%
Commercial (general)
$560,000
+16.8%
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
$630,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
RETAIL STORES
$480,000
Current use
MEDICAL BUILDING
$650,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$560,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$445,000
Change: -7% · Conversion: Easy
WAREHOUSE, STORAGE
$415,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $630k (Jan 31 2024)
Last sale anchor
$630k
Jan 31 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
$210 / 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
$6,300
Tax year 2023
Assessed value
$258,486
Assessed 2023
Previous assessed
$258,486
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$75,387
Assessed improvement
$183,099
Land market value
$75,387
Improvement market value
$183,099
Total market value
$258,486
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1140
Bathrooms
1
Total area
3,000 SF
Lot
0.23 ac (9,810 SF)
Zoning code
0CBD
APN
27-24-21-0280-00500-00D0
UPID
US18-7039775
Jurisdiction
PASCO
Zoning & alternative use
0CBD · Dade City, FL
Zoning 0CBD · permitted uses
0CBD · 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
RETAIL STORES Current
Est. value
$480,000
MEDICAL BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$560,000
OFFICE BUILDING
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$415,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1140
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Igma Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
13323 HAPPY HL RD, DADE CITY, FL 33525-8646
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Igma Investments LLC
Aracely Corona
Quit Claim Deed
related
—
Sep 11, 2023
$630,000
Gonzalo Martinez
Magnolia Title Agency LLC
Warranty Deed
$615,000 · Magnoli Title Agency LLC
Mar 6, 2019
$100
Magnolia Title Agency LLC
Castro,mary G
Quit Claim Deed
related
—
Sep 29, 2016
$235,000
Mary G Castro
Novotny,jean W
Warranty Deed
$190,000 · Jean W Novotny
Jul 1, 1998
$375,000
James A Novotny
Kiefer Trust
Grant Deed
$325,000 · Seller
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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