New search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Community centers
551856 Us Hwy 1st 1 Hilliard, FL 32046-8827
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US18-3448266
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2003
Construction
STEEL FRAME
Total area
20,336 SF
Lot
2.04 ac (88,731 SF)
Zoning code
C-1
APN
08-3N-24-2380-0018-0011
UPID
US18-3448266
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$570k
Owner & transaction history
Larry D Vanzant · 28 yrs held
Larry D Vanzant
since 1998
7 recorded transactions
Zoning & alternative use
C-1 · Hilliard, FL
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 Hilliard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilliard 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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$28 / 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
$15,601
Tax year 2023
Assessed value
$1,150,724
Assessed 2023
Previous assessed
$774,839
+48.5% YoY
Effective rate
1.36%
On assessed value
Assessed land
$146,700
Assessed improvement
$1,004,024
Land market value
$146,700
Improvement market value
$1,004,024
Total market value
$1,150,724
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
35
Total area
20,336 SF
Lot
2.04 ac (88,731 SF)
Zoning code
C-1
APN
08-3N-24-2380-0018-0011
UPID
US18-3448266
Jurisdiction
NASSAU
Zoning & alternative use
C-1 · Hilliard, FL
Zoning C-1 · permitted uses
C-1 · Hilliard, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilliard. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
35
Lot
2.04 ac
Current owner
From public records · entity-resolved
Larry D Vanzant
Individual
Mailing address
PO BOX 878, HILLIARD, FL 32046-0878
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2018
—
L & B Lands INC
—
Deed
related
—
May 6, 1998
$225,000
Larry D Vanzant
Franklin,bobby Y
Grant Deed
$172,750 · Seller
—
—
L & B Lands INC
—
Loan Modification
related
$355,343 · Southeastern Bk
—
—
L & B Lands INC
—
Deed Of Trust
related
$135,000 · Southeastern Bank
—
—
L & B Lands INC
—
Deed Of Trust
related
$225,000 · Southeastern Bank
—
—
L & B Lands INC
—
Loan Modification
related
—
—
—
L & B Lands INC
—
Loan Modification
related
—
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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