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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
606 Ww Ave Clermont, FL 34711-2136
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8810451
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
CONCRETE BLOCKS
Total area
2,384 SF
Lot
0.34 ac (15,000 SF)
APN
24-22-25-0100-095-00100
UPID
US18-8810451
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
$585k
Comparable Approach
Comparable
$803k
Blend (final)
Blend
$795k
Owner & transaction history
Pbv LLC · 2 yrs held
Pbv LLC
since 2024
Last sale
$984,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$915,000
+28.8%
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 Clermont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clermont 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
$625,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Current use
COMMERCIAL (GENERAL)
$915,000
Change: +29% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$695,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $984k (Apr 1 2024)
Last sale anchor
$984k
Apr 1 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
$333 / 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
$9,371
Tax year 2023
Assessed value
$540,751
Assessed 2023
Previous assessed
$465,598
+16.1% YoY
Effective rate
1.73%
On assessed value
Land market value
$349,388
Improvement market value
$191,363
Total market value
$540,751
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
2,384 SF
Lot
0.34 ac (15,000 SF)
APN
24-22-25-0100-095-00100
UPID
US18-8810451
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
RETAIL STORES
Est. value
$695,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1920
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Pbv LLC
Entity
Mailing address
1075 W LAKESHORE DR STE #205, CLERMONT, FL 34711-2933
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$984,000
Pbv LLC
Housing For Champions LLC
Warranty Deed
$1,500,000 · South State Bank NA
Apr 19, 2022
$610,000
Housing For Champions LLC
Wayne Mark
Warranty Deed
$472,000 · First Southern Bank
Nov 4, 2011
$590,000
Wayne Mark
Nyack,irma S
Warranty Deed
$387,776 · Irma S Nyack
Apr 26, 2005
$540,000
Irma S Nyack
Louis J Formato
Warranty Deed
$405,000 · Colonial Bank NA
Jan 9, 2002
$102,600
Louis J Formato
Kiddie Korner USA INC Clermont
Grant Deed
—
—
—
Alan Pool
—
Deed Of Trust
related
$233,000 · Peoples State Bank Groveland
—
—
Irma S Nyack
—
Deed Of Trust
related
$400,000 · Pinnacle 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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