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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Manufacturing properties
3831 Main St, Leesburg, FL 34748-9716
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0429696
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
WOOD FRAME
Total area
3,000 SF
Lot
3.42 ac (148,976 SF)
APN
29-19-24-0001-000-05600
UPID
US18-0429696
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
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$900k
Owner & transaction history
Heba Properties LLC · 1 yrs held
Heba Properties LLC
since 2024
Last sale
$899,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$880,000
+152.9%
Commercial (general)
$705,000
+102.0%
Auto repair, garage
$700,000
+101.3%
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 Leesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leesburg 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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +153% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +101% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $899k (Oct 14 2024)
Last sale anchor
$899k
Oct 14 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
$300 / 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
$4,948
Tax year 2023
Assessed value
$404,926
Assessed 2023
Previous assessed
$404,926
+0.0% YoY
Effective rate
1.22%
On assessed value
Land market value
$293,121
Improvement market value
$111,805
Total market value
$404,926
Applied tax rate
1.0000
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
1980
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,000 SF
Lot
3.42 ac (148,976 SF)
APN
29-19-24-0001-000-05600
UPID
US18-0429696
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1980
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
Heba Properties LLC
Entity
Mailing address
3805 W MAIN ST, LEESBURG, FL 34748-4600
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 14, 2024
$899,000
Heba Properties LLC
Christopher L Johnson
Warranty Deed
$540,000 · M E Mendez Group LLC
Jan 4, 2019
—
Walker & Lee Investments LLC
—
Deed
related
$187,382 · Citizens Bk/fl
Jan 27, 2016
—
Teeter,florence L Family Trust
Teeter Z JR Family Trust
Quit Claim Deed
related
—
Mar 16, 2006
—
Teeter Zebulon JR Family Trust
Teeter,zebulon JR & Louise
Quit Claim Deed
related
—
Feb 23, 2006
$440,000
Walker & Lee Investments LLC
Zebulon Teeter JR
Warranty Deed
$352,000 · The Citizens Bank Of Oviedo
—
—
Walker & Lee Investments LLC
—
Loan Modification
related
$187,382 · Citizens Bk/fl
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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