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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Retail space
37850 Meridian Ave Dade City, FL 33525-3820
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1270536
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1916
Total area
6,000 SF
Lot
0.07 ac (3,120 SF)
Zoning code
0CBD
APN
27-24-21-0280-00400-00E0
UPID
US18-1270536
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
-
Kiefer Jewelers | Diamond Engagement Rings | Dade City, FL (Bike/Boat/Book/etc) Store
-
Pandora Shop at Kiefer Jewelers (Bike/Boat/Book/etc) Store
-
Bill Moore Photography Photography Service (Bike/Boat/Book/etc) Store
-
Harris Food Services Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.80M
Owner & transaction history
Hevia Family And Company · 2 yrs held
Hevia Family And Company
since 2024
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
0CBD · Dade City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+217.4%
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
$2,800,000
ML approach
$2,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,040,000
Change: +217% · Conversion: Easy
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±10% · vs last sale $2.80M (Jan 10 2024)
Last sale anchor
$2.80M
Jan 10 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
$467 / 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
$6,973
Tax year 2023
Assessed value
$286,678
Assessed 2023
Previous assessed
$281,218
+1.9% YoY
Effective rate
2.43%
On assessed value
Assessed land
$49,920
Assessed improvement
$236,758
Land market value
$49,920
Improvement market value
$236,758
Total market value
$286,678
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
1916
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2960
Bathrooms
2
Total area
6,000 SF
Lot
0.07 ac (3,120 SF)
Zoning code
0CBD
APN
27-24-21-0280-00400-00E0
UPID
US18-1270536
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
RESTAURANT
Est. value
$3.0M
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
1916
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2960
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Hevia Family And Company
Entity
Mailing address
24140 STATE RD 54, LUTZ, FL 33559-6770
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
$2,800,000
Hevia Family And Company
Sunset Business Properties LLC
Warranty Deed
—
Oct 26, 1999
$220,000
Hevia Harrelson & Company
Touchton Trust
Grant Deed
$160,000 · First National Bank Naples
—
—
Hevia Harrelson & Co
—
Deed Of Trust
related
—
—
—
Hevia Harrelson & Co
—
Deed Of Trust
related
$903,750 · Florida Traditions Bank
—
—
Hevia/harrelson & Co
—
Deed Of Trust
related
$13,000 · Suntrust Bank NA
—
—
Hevia/harrelson & Co
—
Deed Of Trust
related
$272,000 · Suntrust 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.
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