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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
4205 Rachel Blvd Spring Hill, FL 34607-2529
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5004908
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2000
Total area
4,738 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C-1
APN
R09-223-17-3271-0000-0020
UPID
US18-5004908
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
$525k
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$595k
Owner & transaction history
Betanzos Development LLC · 2 yrs held
Betanzos Development LLC
since 2024
4 recorded transactions
Zoning & alternative use
C-1 · Spring Hill, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$900,000
+46.4%
Retail stores
$720,000
+17.7%
Medical building
$640,000
+4.4%
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 Spring Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Hill 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%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
AUTO REPAIR, GARAGE
$900,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$720,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$640,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$126 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,082
Tax year 2022
Assessed value
$732,015
Assessed 2023
Previous assessed
$755,803
-3.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$211,348
Assessed improvement
$520,667
Land market value
$323,334
Improvement market value
$560,924
Total market value
$884,258
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2000
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Rooms
1
Bathrooms
4
Total area
4,738 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C-1
APN
R09-223-17-3271-0000-0020
UPID
US18-5004908
Jurisdiction
HERNANDO
Zoning & alternative use
C-1 · Spring Hill, FLZoning C-1 · permitted uses
C-1 · Spring Hill, FL
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 Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$900,000
RETAIL STORES
Est. value
$720,000
MEDICAL BUILDING
Est. value
$640,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
2000
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Betanzos Development LLC
Entity
Mailing address
3124 3RD AVE N, SAINT PETERSBURG, FL 33713-7602
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
—
Betanzos Development LLC
Philip Dobson Properties IV LLC
Warranty Deed
—
Apr 3, 2017
—
Philip Dobson Properties IV LLC
Philip Dobson
Quit Claim Deed
related
$580,000 · Grow Financial FCU
Dec 7, 1999
$70,000
Philip Dobson
Costantino,charles V & Sadie S
Grant Deed
$400,000 · Seller
—
—
Philip Dobson
—
Deed Of Trust
related
$400,000 · Charles V & Sadie S Costantino
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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