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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Office buildings
437 Ardice Ave 481, Eustis, FL 32726-6573
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-3786551
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
CONCRETE BLOCKS
Total area
15,345 SF
Lot
1.88 ac (81,893 SF)
APN
14-19-26-0003-000-09206
UPID
US18-3786551
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
-
Lake County Right-Of-Way County Government Office
-
FIRST STEP THERAPY-EUSTIS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.90M
Owner & transaction history
Nate Investments LLC · 8 yrs held
Nate Investments LLC
since 2017
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 Eustis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eustis 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,165,000
Current use
WAREHOUSE, STORAGE
$1,860,000
Change: -14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,785,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±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
$124 / 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
$25,089
Tax year 2023
Assessed value
$1,464,910
Assessed 2023
Previous assessed
$1,267,208
+15.6% YoY
Effective rate
1.71%
On assessed value
Land market value
$326,999
Improvement market value
$1,137,911
Total market value
$1,464,910
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
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
15,345 SF
Lot
1.88 ac (81,893 SF)
APN
14-19-26-0003-000-09206
UPID
US18-3786551
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
OFFICE BUILDING Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.88 ac
Current owner
From public records · entity-resolved
Nate Investments LLC
Entity
Mailing address
11030 ULLSWATER LN, WINDERMERE, FL 34786-5411
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
—
Nate Investments LLC
—
Deed
related
$500,000 · Seacoast National Bank
Mar 15, 2021
—
Nate Investments LLC
—
Deed
related
$1,200,000 · Seacoast National Bank
Oct 23, 2017
$895,000
Nate Investments LLC
Duhon Ronald U Trust
Grant Deed
—
Feb 28, 2007
$2,300,000
Ronald U Duhon
Bulldog Investments INC
Deed
$1,325,000 · Centerstate Bank Mid Florida
Mar 21, 2005
$215,000
Bulldog Investments INC
Central Design Group INC
Warranty Deed
$208,251 · First Fsb Lake
Jul 26, 2002
$125,000
Central Design Group INC
Professional Dirt Services INC
Grant Deed
$125,000 · United Southern Bank
—
—
Bulldog Investments INC
—
Deed Of Trust
related
$1,475,000 · Bankfirst
—
—
Ronald U Duhon
—
Deed Of Trust
related
$2,500,000 · Florida Traditions Bank
—
—
Bulldog Investments INC
—
Deed Of Trust
related
$225,000 · Bankfirst
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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