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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Retail space
4843 Spencer Fld Rd Pace, FL 32571-1232
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3107447
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
STEEL FRAME
Total area
8,975 SF
Lot
3.49 ac (151,981 SF)
Zoning code
HCD
APN
09-1N-29-0000-03003-0000
UPID
US18-3107447
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
$1.61M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.74M
Owner & transaction history
Spencer Field Rd LLC · 3 yrs held
Spencer Field Rd LLC
since 2022
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
HCD · Pace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+126.0%
Medical building
$1.5M
+81.7%
Warehouse, storage
$1.4M
+71.9%
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
$1,635,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
RESTAURANT
$1,890,000
Change: +126% · Conversion: Easy
MEDICAL BUILDING
$1,520,000
Change: +82% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,440,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$1,135,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $2.20M (Oct 11 2022)
Last sale anchor
$2.20M
Oct 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
$193 / 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
$22,131
Tax year 2023
Assessed value
$1,690,061
Assessed 2023
Previous assessed
$1,274,867
+32.6% YoY
Effective rate
1.31%
On assessed value
Assessed land
$282,375
Assessed improvement
$1,407,686
Land market value
$282,375
Improvement market value
$1,407,686
Total market value
$1,690,061
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
5
Rooms
10
Bathrooms
17
Total area
8,975 SF
Lot
3.49 ac (151,981 SF)
Zoning code
HCD
APN
09-1N-29-0000-03003-0000
UPID
US18-3107447
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
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
5
Rooms
10
Bathrooms
17
Lot
3.49 ac
Current owner
From public records · entity-resolved
Spencer Field Rd LLC
Entity
Mailing address
5797 HIGHLAND LK DR, MILTON, FL 32583-5596
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$2,200,000
Spencer Field Rd LLC
H Harris Investments INC
Warranty Deed
$1,870,000 · Servisfirst Bank
Apr 20, 2022
—
Bill Salter Advertising INC
H Harris Investments INC
Lease
—
Feb 17, 2016
—
H Harris Investments INC
Steadham,scott O & Tammy
Warranty Deed
related
—
Dec 14, 2015
$140,000
Scott O Steadham
H Harris Investments INC
Warranty Deed
—
Oct 18, 2006
—
H Harris Investments INC
—
Deed Of Trust
related
$2,287,000 · Gulf Coast Community 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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