Entity Owned 
For Sale
1 / 14
$849,000
4612 Highway 90, Pace, FL 32571
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Property summary
AI-generated overview
The property is a retail pad site totaling 0.77 acres in Pace, Florida, located at the intersection of U.S. Highway 90 and East Spencer Field Road. It has frontage of more than 225 feet on Highway 90 and approximately 135 feet on East Spencer Field Road. The site is part of a completed redevelopment and includes infrastructure improvements such as master stormwater retention, a resurfaced and restriped parking lot, new curbing, turn lanes, irrigation, landscaping, and a new pylon sign. An existing building on the property has historically been occupied by Hancock Bank and Jimmy John’s. The site is configured for new development with the potential to construct up to 5,400 square feet of retail or restaurant space, including the option to incorporate a drive-through on the east end-cap. The site plan provides 97 parking spaces and the property is positioned within a retail corridor with nearby national retailers such as Target, Publix, Home Depot, and Lowe’s.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1979
Construction
WOOD
Total area
6,332 SF
Lot
1.39 ac (60,723 SF)
Zoning code
HCD
APN
11-1N-29-0000-03000-0000
UPID
US18-3856392
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
since 2021
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
HCD · Pace, FL
Top alternative use upside
Commercial (general)
$1.1M
+223.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.16M
Value range
$1.04M – $1.27M
±10% around blend
Estimated value / SF
$182 / SF
Confidence
Property data
100
Comparable evidence
60
$1.04M
blend $1.16M
$1.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,332 SF
Lot area
1.39 ac
Year built
1979
Stories
1
APN
11-1N-29-0000-03000-0000
Zoning
HCD
Assessed value
$1,339,480
Annual tax
$17,433
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.16M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+224%
vs current-use indication
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.49M
Move the market yield to see immediate price impact.
Value / SF
$235
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$94k
$1.88M
$1.34M
$1.04M
$104k
$2.09M
$1.49M
$1.16M
$115k
$2.29M
$1.64M
$1.27M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,433
Tax year 2023
Assessed value
$1,339,480
Assessed 2023
Previous assessed
$1,205,037
+11.2% YoY
Effective rate
1.30%
On assessed value
Assessed land
$559,259
Assessed improvement
$780,221
Land market value
$559,259
Improvement market value
$780,221
Total market value
$1,339,480
Applied tax rate
22.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
5
Total area
6,332 SF
Lot
1.39 ac (60,723 SF)
Zoning code
HCD
APN
11-1N-29-0000-03000-0000
UPID
US18-3856392
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
5
Lot
1.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HCD
Jurisdiction
Pace, FL
Recorded code
HCD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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