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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Manufacturing properties
40 Keyes Ave, Sanford, FL 32773-6074
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0116633
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Construction
CONCRETE BLOCKS
Total area
8,000 SF
Lot
0.64 ac (27,879 SF)
APN
12-20-30-510-0000-0040
UPID
US18-0116633
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
$1.72M
Blend (final)
Blend
$1.66M
Owner & transaction history
Re Nr INC · 3 yrs held
Re Nr INC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+56.5%
Office building
$1.3M
+13.9%
Commercial (general)
$1.2M
+8.5%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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
$1,300,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,135,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,775,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$1,295,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,230,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,200,000
Change: +6% · Conversion: Easy
RETAIL STORES
$1,110,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.59M (Jun 29 2022)
Last sale anchor
$1.59M
Jun 29 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
$207 / 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
$22,654
Tax year 2023
Assessed value
$1,275,742
Assessed 2023
Previous assessed
$860,923
+48.2% YoY
Effective rate
1.78%
On assessed value
Land market value
$324,790
Improvement market value
$950,952
Total market value
$1,275,742
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
1995
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
2
Total area
8,000 SF
Lot
0.64 ac (27,879 SF)
APN
12-20-30-510-0000-0040
UPID
US18-0116633
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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1995
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Re Nr INC
Entity
Mailing address
1053 MAITLAND CTR CMNS BLVD, MAITLAND, FL 32751-7431
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$1,590,000
Re Nr INC
Keystone Orlando Property LLC
Warranty Deed
—
Jun 16, 2021
$1,000,000
Keystone Orlando Property LLC
Iron City Holdings LLC
Warranty Deed
$775,000 · Servisfirst Bank
Oct 12, 2020
—
Iron City Holding LLC
—
Deed
related
$650,000 · Oakworth Capital Bank
Aug 7, 2020
$1,050,000
Iron City Holdings LLC
Jddk Properties LLC
Warranty Deed
—
Dec 7, 2018
—
Jddk Properties LLC
—
Deed
related
$410,775 · Seacoast National Bank
Nov 6, 2013
—
Jddk Properties LLC
Municipal Water Works INC
Warranty Deed
$510,000 · Bank Of America
Dec 6, 2011
$585,000
Municipal Water Works INC
Artisan Controls Corp
Warranty Deed
$556,300 · Fifth Third Bank
Jan 6, 2006
—
Artisan Controls Corp
Frank Flandreau
Warranty Deed
—
—
—
Frank Flandreau
—
Deed Of Trust
related
$275,000 · Huntington National Bank
—
—
Frank Flandreau
—
Deed Of Trust
related
$57,410 · Huntington National Bank
—
—
Frank Flandreau
—
Deed Of Trust
related
$250,000 · Huntington National Bank
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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