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Property profile & analytics
OFF-MARKET Estimated value $525,000
Retail space

505 Cholokka Blvd Micanopy, FL 32667-4110

3,456 SF 0.45 ac lot Built 1923
Individually Owned 1-yr Hold Free & Clear
Property ID
US18-3324411
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1923
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,456 SF
Lot 0.45 ac (19,602 SF)
Zoning code C1
APN 16682-001-000
UPID US18-3324411
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
$580k
Comparable Approach Comparable
$579k
Blend (final) Blend
$525k
Owner & transaction history
George H Heslep III · 1 yrs held
George H Heslep III
since 2024
4 recorded transactions
2024
Price N/A
2015
Price N/A
2005
$390,000
1998
$200,000
Zoning & alternative use
C1 · Micanopy, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-1 and C-2 A. Purpose 1. C-1 Limited Commercial District. The C-1 district is intended for general retail and commercial or office service activities. Businesses in this category require locations that are convenient to automotive and pedestrian traffic. Higher density residential uses are permitted. Single-family structures or duplexes may be permitted. 2.…

Zone name Limited Commercial District
General category COMMERCIAL
Zone area 26.99 ac
Source Development Code
Top alternative use upside
Neighborhood: shopping center $665,000 +4.8%
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