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Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Manufacturing properties
384 Commercial St Casselberry, FL 32707-3207
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-8704119
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
CONCRETE
Total area
36,000 SF
Lot
1.82 ac (79,323 SF)
APN
08-21-30-511-0F00-0010
UPID
US18-8704119
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
-
Lighting Products (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Lighting Products Company Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.50M
Owner & transaction history
Denholtz Casselberry Owner LLC
Denholtz Casselberry Owner LLC
since 2026
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.5M
+52.5%
Warehouse, storage
$8.4M
+34.0%
Neighborhood: shopping center
$8.0M
+27.8%
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 Casselberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casselberry 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
$7,500,000
ML approach
$7,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,260,000
Current use
COMMERCIAL (GENERAL)
$9,545,000
Change: +52% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,385,000
Change: +34% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,000,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$6,840,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$6,525,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$7.50M
Range $6.75M – $8.25M · ±10% · vs last sale $7.50M (Sep 19 2024)
Last sale anchor
$7.50M
Sep 19 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
$208 / 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
$27,016
Tax year 2023
Assessed value
$2,137,336
Assessed 2023
Previous assessed
$2,137,336
+0.0% YoY
Effective rate
1.26%
On assessed value
Land market value
$458,366
Improvement market value
$1,678,970
Total market value
$2,137,336
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
1972
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
7
Total area
36,000 SF
Lot
1.82 ac (79,323 SF)
APN
08-21-30-511-0F00-0010
UPID
US18-8704119
Jurisdiction
SEMINOLE
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$9.5M
WAREHOUSE, STORAGE
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1972
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
7
Lot
1.82 ac
Current owner
From public records · entity-resolved
Denholtz Casselberry Owner LLC
Entity
Mailing address
1798 W PLATTE ST, DENVER, CO 80202-1039
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
$12,860,000
Denholtz Casselberry Owner LLC
Lcp Anchor Business Park LLC
Special Warranty Deed
$15,790,000 · Voya Retirment Insurance & Annuity Co
Sep 19, 2024
$7,500,000
Lcp Anchor Business Park LLC
Margaret Yvonne Spaulding
Warranty Deed
$5,000,000 · Margaret Y Spaulding Trust
Sep 9, 2024
—
Margaret Yvonne Spaulding
Margaret Y Alday
Intrafamily Transfer
related
—
Jul 1, 2022
—
Margaret Yvonne Spaulding
Yvonne Alday
Special Warranty Deed
—
Aug 27, 2007
—
Phoenix Rentals INC
Alday,myron L & Margaret Y
Quit Claim Deed
related
—
—
—
Phoenix Rentals INC
—
Deed Of Trust
related
$755,000 · M & I Marshall & Isley Bank
—
—
Phoenix Rentals INC
—
Deed Of Trust
related
$750,000 · Commerce Nat'l 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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