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Property profile & analytics
FOR LEASE
Manufacturing properties
385 E Washington St Starke, FL 32091
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7520736
For Lease
1 / 11
$13,803/Mo
385 E Washington St, Starke, FL 32091
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,372 SF
Lot
0.88 ac (38,500 SF)
APN
03416-0-00100
UPID
US18-7520736
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
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Liu And E LLC · 4 yrs held
Liu And E LLC
since 2022
Last sale
$1.7M
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 Starke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Starke 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
$1,880,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,800,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,170,000
Change: 0% · Conversion: Easy
RETAIL STORES
$2,075,000
Change: 0% · Conversion: Moderate
RESTAURANT
$1,800,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,635,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.69M (May 5 2022)
Last sale anchor
$1.69M
May 5 2022
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
$80 / 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
$6,305
Tax year 2023
Assessed value
$305,770
Assessed 2023
Previous assessed
$305,770
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$70,000
Assessed improvement
$235,770
Land market value
$70,000
Improvement market value
$235,770
Total market value
$305,770
Applied tax rate
5.0000
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
For Lease
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Total area
21,372 SF
Lot
0.88 ac (38,500 SF)
APN
03416-0-00100
UPID
US18-7520736
Jurisdiction
BRADFORD
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
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.6M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Liu And E LLC
Entity
Mailing address
7307 DEREXA DR, WINDERMERE, FL 34786-6393
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 5, 2022
$1,689,000
Liu And E LLC
Rogata Holdings INC
Warranty Deed
$1,153,000 · Seacoast National Bank
Oct 12, 2021
$595,000
Rogata Holdings INC
Snow White Sugar Corp
Warranty Deed
$568,770 · Ameris Bank
Oct 12, 2021
—
Rogata Holdings INC
—
Deed
related
$568,770 · Ameris Bank
May 14, 2019
$700,000
Snow White Sugar Corp
Atlantic Publishing Group INC
Grant Deed
$140,000 · Robert M Frazier
Mar 12, 2007
$300,000
Atlantic Publishing Group INC
Mickle,william JR
Warranty Deed
—
—
—
Atlantic Publishing Group INC
—
Deed Of Trust
related
$140,000 · Bank Of America
—
—
Atlantic Publishing Group INC
—
Deed Of Trust
related
$400,000 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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