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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Grocery and convenience stores
4707 Commercial Way Spring Hill, FL 34606-1926
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4244907
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
CONCRETE
Total area
3,850 SF
Lot
1.82 ac (79,381 SF)
APN
R10-223-17-3254-00A0-0000
UPID
US18-4244907
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
$3.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.58M
Owner & transaction history
Lake Worth Property Enterprises LLC · 2 yrs held
Lake Worth Property Enterprises LLC
since 2024
Last sale
$3.6M
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 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
$3,575,000
ML approach
$3,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±10% · vs last sale $3.58M (Mar 26 2024)
Last sale anchor
$3.58M
Mar 26 2024
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
$929 / 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
$38,284
Tax year 2022
Assessed value
$2,173,591
Assessed 2023
Previous assessed
$2,173,591
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$524,959
Assessed improvement
$1,648,632
Land market value
$952,572
Improvement market value
$2,052,768
Total market value
$3,005,340
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Bathrooms
2
Total area
3,850 SF
Lot
1.82 ac (79,381 SF)
APN
R10-223-17-3254-00A0-0000
UPID
US18-4244907
Jurisdiction
HERNANDO
Zoning & alternative use
Zoning · permitted uses
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
1996
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
Lake Worth Property Enterprises LLC
Entity
Mailing address
1201 OAKFIELD DR, BRANDON, FL 33511-4928
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
$3,575,000
Lake Worth Property Enterprises LLC
Spring Hill Commercial LLC
Special Warranty Deed
$2,860,000 · Vast Bank NA
May 27, 2022
—
Spring Hill Commercial LLC
—
Deed
related
$1,925,000 · Investors Bank
Jan 14, 2020
—
Barracuda Stations LLC
—
Deed
related
$27,200,000 · Hancock Whitney Bk
Feb 23, 2018
—
Spring Hill Commercial LLC
—
Deed
related
$3,800,000 · Bankunited Fsb
Dec 22, 2017
$2,916,600
Spring Hill Commercial LLC
Mng II LP
Grant Deed
—
Jan 25, 2016
—
Mng II LP
Zarcades Peter & S Trust
Quit Claim Deed
related
—
—
—
Barracuda Stations LLC
—
Deed Of Trust
related
$27,200,000 · Hancock Whitney Bk
—
—
Granite Peak Property Invs LP
—
Deed Of Trust
related
$1,300,000 · Standard Insurance Co
—
—
Spring Hill Commercial LLC
—
Deed Of Trust
related
$3,800,000 · Bankunited Fsb
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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