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Property profile & analytics
OFF-MARKET
Estimated value
$22,675,000
Community centers
4729 Hwy 90, Pace, FL 32571-1403
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1996430
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
130,379 SF
Lot
18.19 ac (792,139 SF)
Zoning code
HCD
APN
14-1N-29-0000-00202-0000
UPID
US18-1996430
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
by Request
CAP Approach
CAP
$26.50M
Comparable Approach
Comparable
$18.85M
Blend (final)
Blend
$22.68M
Owner & transaction history
Cole Mt Pace Fl LLC · 14 yrs held
Cole Mt Pace Fl LLC
since 2011
6 recorded transactions
Zoning & alternative use
HCD · Pace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.9M
+37.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,705,000
6.5%
$26,500,000
7%
$24,605,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,990,000
Current use
COMMERCIAL (GENERAL)
$21,915,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$15,775,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$22.68M
Range $20.41M – $24.94M · ±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
$174 / 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
$185,446
Tax year 2023
Assessed value
$15,582,574
Assessed 2023
Previous assessed
$11,954,839
+30.3% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,564,569
Assessed improvement
$12,018,005
Land market value
$3,564,569
Improvement market value
$12,018,005
Total market value
$15,582,574
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6
Rooms
50
Bathrooms
15
Total area
130,379 SF
Lot
18.19 ac (792,139 SF)
Zoning code
HCD
APN
14-1N-29-0000-00202-0000
UPID
US18-1996430
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Pace, FL
Zoning HCD · permitted uses
HCD · Pace, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.0M
COMMERCIAL (GENERAL)
Est. value
$21.9M
OFFICE BUILDING
Est. value
$15.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE 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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Rooms
50
Bathrooms
15
Lot
18.19 ac
Current owner
From public records · entity-resolved
Cole Mt Pace Fl LLC
Entity
Mailing address
109 NORTHPARK BLVD STE #300, COVINGTON, LA 70433-5093
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Dec 10, 2019
—
Santa Rosa Commons LLC
—
Deed
related
$14,550,000 · Miscellaneous Ins Co
Sep 26, 2011
—
Cole Mt Pace Fl LLC
—
Deed Of Trust
related
$29,450,000 · Jackson National Life Ins Co
Jul 7, 2011
$25,450,000
Cole Mt Pace Fl LLC
Santa Rosa Commons Ptrs LLC
Grant Deed
—
Sep 18, 2008
$1,250,000
Suntrust Bank
Santa Rosa Commons Ptrs LLC
Grant Deed
—
Nov 1, 2006
—
Santa Rosa Commons Ptrs LLC
Pace Property Holdings LLC
Grant Deed
$9,335,122 · Lasalle National Bank
—
—
Santa Rosa Commons LLC
—
Deed Of Trust
related
$14,550,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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