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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Community centers
450061 State Rd 200 Callahan, FL 32011-3840
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3135066
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,876 SF
Lot
2.07 ac (90,300 SF)
Zoning code
CHT
APN
29-2N-25-0000-0010-0070
UPID
US18-3135066
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
-
Sugared & Bronzed Tanning and Massage Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.57M
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Cailahan Plaza LLC · 3 yrs held
Cailahan Plaza LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
CHT · Callahan, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Town of Callahan
Top alternative use upside
Commercial (general)
$3.8M
+187.4%
Office building
$3.4M
+160.4%
Restaurant
$2.4M
+84.2%
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 Callahan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Callahan 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
$2,595,000
ML approach
$2,570,000
CAP Approach
CAP Return
Estimation
6%
$4,010,000
6.5%
$3,705,000
7%
$3,440,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,780,000
Change: +187% · Conversion: Easy
OFFICE BUILDING
$3,425,000
Change: +160% · Conversion: Moderate
RESTAURANT
$2,420,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,160,000
Change: +64% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,145,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$1,895,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$1,740,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.71M (Aug 5 2022)
Last sale anchor
$2.71M
Aug 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
$133 / 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
$34,023
Tax year 2023
Assessed value
$2,180,640
Assessed 2023
Previous assessed
$1,365,690
+59.7% YoY
Effective rate
1.56%
On assessed value
Assessed land
$761,864
Assessed improvement
$1,418,776
Land market value
$761,864
Improvement market value
$1,418,776
Total market value
$2,180,640
Applied tax rate
1.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
28
Total area
19,876 SF
Lot
2.07 ac (90,300 SF)
Zoning code
CHT
APN
29-2N-25-0000-0010-0070
UPID
US18-3135066
Jurisdiction
NASSAU
Zoning & alternative use
CHT · Callahan, FLZoning CHT · permitted uses
CHT · Callahan, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Town of Callahan
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.4M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
28
Lot
2.07 ac
Current owner
From public records · entity-resolved
Cailahan Plaza LLC
Entity
Mailing address
12300 NW 18TH ST, PLANTATION, FL 33323-2143
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
$2,710,000
Cailahan Plaza LLC
Callahan Development Group LLC
Warranty Deed
—
Jul 21, 2022
—
Callahan Development Group LLC
Us1 Properties LLC
Quit Claim Deed
related
—
Feb 25, 2019
—
Callahan Development Group LLC
—
Deed
related
$800,000 · Centerstate Bank Of Florida NA
Sep 1, 2009
—
Callahan Dev Group LLC
—
Trustees Deed
related
$400,000 · Citizens State Bank
Jul 8, 2008
—
Callahan Dev Group LLC
—
Trustees Deed
related
$300,000 · Citizens State Bank
Apr 13, 2005
$21,000
Callahan Dev Group LLC
Stratton,harry O JR
Warranty Deed
—
—
—
Callahan Dev Group LLC
—
Loan Modification
related
$988,956 · Citizens State Bank
—
—
Callahan Dev Group LLC
—
Deed Of Trust
related
$390,473 · Citizens State Bank
—
—
Callahan Dev Group LLC
—
Deed Of Trust
related
$1,069,504 · Citizens State Bank
—
—
Callahan Dev Group LLC
—
Loan Modification
related
$1,028,201 · Citizens State Bank
—
—
Callahan Dev Group LLC
—
Loan Modification
related
$334,654 · Citizens State Bank
—
—
Callahan Dev Group LLC
—
Deed Of Trust
related
$356,559 · Citizens State Bank
—
—
Callahan Dev Group LLC
—
Deed Of Trust
related
$1,200,000 · Citizens State 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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