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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Warehouses
4384 Luther Fowler Rd Pace, FL 32571-7317
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3313118
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
6,133 SF
Lot
3.26 ac (142,006 SF)
Zoning code
HCD
APN
28-2N-29-0000-00503-0000
UPID
US18-3313118
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
$4.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.26M
Owner & transaction history
Bcore Storage Luther Fowler LLC · 4 yrs held
Bcore Storage Luther Fowler LLC
since 2022
Last sale
$5.5M
6 recorded transactions
Zoning & alternative use
HCD · Pace, FL
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 Pace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pace 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
$4,090,000
ML approach
$4,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10% · vs last sale $5.51M (Apr 11 2022)
Last sale anchor
$5.51M
Apr 11 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
$695 / 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
$33,800
Tax year 2023
Assessed value
$2,581,227
Assessed 2023
Previous assessed
$2,581,227
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$233,233
Assessed improvement
$2,347,994
Land market value
$233,233
Improvement market value
$2,347,994
Total market value
$2,581,227
Applied tax rate
22.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
42
Rooms
42
Total area
6,133 SF
Lot
3.26 ac (142,006 SF)
Zoning code
HCD
APN
28-2N-29-0000-00503-0000
UPID
US18-3313118
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Pace, FLZoning HCD · permitted uses
HCD · Pace, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
42
Rooms
42
Lot
3.26 ac
Current owner
From public records · entity-resolved
Bcore Storage Luther Fowler LLC
Entity
Mailing address
780 3RD AVE, NEW YORK, NY 10017-2024
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
Each Of Entities Indentified On Sch
—
Deed
related
—
Apr 11, 2022
$5,512,500
Bcore Storage Luther Fowler LLC
Sunshine Vi LLC
Special Warranty Deed
$376,390 · Wells Fargo Bank NA
Sep 3, 2004
—
Aden K Sowell
Sunshine Vi LLC
Quit Claim Deed
related
—
Feb 27, 2004
$110,400
Sunshine Vi LLC
Sowell,tr
Grant Deed
$977,500 · Gulf Coast Community Bank
Sep 17, 2003
$110,500
Paul E Salter
Sowell,aden K
Grant Deed
$99,500 · Aden K Sowell Trustee
Jul 30, 1998
$13,800
Hammersmith Northwest Fl INC
Sowell Trust
Grant Deed
—
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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