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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Manufacturing properties
38051 State Rd 19 Umatilla, FL 32784-8357
Individually Owned
12-yr Hold
Free & Clear
Property ID
US18-4881000
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
METAL FRAME
Total area
34,780 SF
Lot
6.34 ac (276,170 SF)
APN
23-18-26-0003-000-02302
UPID
US18-4881000
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
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.22M
Owner & transaction history
Brent C Creasman · 12 yrs held
Brent C Creasman
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10%
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
$64 / 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
$13,861
Tax year 2023
Assessed value
$1,010,863
Assessed 2023
Previous assessed
$850,677
+18.8% YoY
Effective rate
1.37%
On assessed value
Land market value
$185,648
Improvement market value
$825,215
Total market value
$1,010,863
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
METAL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
3
Total area
34,780 SF
Lot
6.34 ac (276,170 SF)
APN
23-18-26-0003-000-02302
UPID
US18-4881000
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
Building & site characteristics
From public records
Year built
1981
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
6.34 ac
Current owner
From public records · entity-resolved
Brent C Creasman
Individual
Free & Clear · 12 yrs held
Mailing address
38051 STATE RD 19, UMATILLA, FL 32784-8357
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Bison Property Management LLC
—
Deed
related
$790,000 · United Southern Bank
Apr 4, 2018
—
Bison Property Management LLC
—
Deed
related
$3,500 · United Sthrn Bk
Nov 21, 2013
—
Brent C Creasman
Creasman J J Family Trust
Quit Claim Deed
related
—
Aug 8, 2013
$495,000
Bison Property Management LLC
Creasman,brent C
Quit Claim Deed
related
—
Jul 16, 2008
—
Brent C Creasman
Creasman J J Family Trust
Quit Claim Deed
related
—
Jul 24, 2006
—
Creasman John J Family Trust
Creasman,john J
Quit Claim Deed
related
—
Jul 8, 2004
$575,000
John J Creasman
Mcintyre Ray G Trust
Warranty Deed
$420,000 · United Southern Bank
—
—
Bison Property Management LLC
—
Loan Modification
related
$3,500 · United Sthrn Bk
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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