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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
611 Us Hwy 27th S Sebring, FL 33870-2168
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-4538015
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Construction
CONCRETE BLOCKS
Total area
3,345 SF
Lot
0.89 ac (38,760 SF)
Zoning code
C1
APN
S-23-34-28-020-00B0-0040
UPID
US18-4538015
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
Current use
Occupant on record · Public records
-
The Grubb Group - Morgan Stanley Financial Advisor
-
Morgan Stanley Financial Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$615k
Owner & transaction history
Ortho-rentals LLC · 6 yrs held
Ortho-rentals LLC
since 2019
3 recorded transactions
Zoning & alternative use
C1 · Sebring, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is offices, including medical, dental, legal, scientific, engineering, fine arts and literary offices
Zone name
Commercial
General category
COMMERCIAL
Zone area
807.62 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$730,000
+46.9%
Retail stores
$655,000
+31.3%
Medical building
$550,000
+10.3%
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 Sebring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sebring 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
$510,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
WAREHOUSE, STORAGE
$730,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$550,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$184 / 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
$29,617
Tax year 2023
Assessed value
$1,448,363
Assessed 2023
Previous assessed
$1,380,812
+4.9% YoY
Effective rate
2.04%
On assessed value
Assessed land
$308,448
Assessed improvement
$1,139,915
Land market value
$308,448
Improvement market value
$1,139,915
Total market value
$1,448,363
Applied tax rate
20.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
7
Bathrooms
3
Total area
3,345 SF
Lot
0.89 ac (38,760 SF)
Zoning code
C1
APN
S-23-34-28-020-00B0-0040
UPID
US18-4538015
Jurisdiction
HIGHLANDS
Zoning & alternative use
C1 · Sebring, FLZoning C1 · permitted uses
C1 · Sebring, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is offices, including medical, dental, legal, scientific, engineering, fine arts and literary offices
Zone name
Commercial
General category
COMMERCIAL
Zone area
807.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$730,000
RETAIL STORES
Est. value
$655,000
MEDICAL BUILDING
Est. value
$550,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
MEDICAL 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
2005
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
7
Bathrooms
3
Lot
0.89 ac
Current owner
From public records · entity-resolved
Ortho-rentals LLC
Entity
Free & Clear · 6 yrs held
Mailing address
205 SEA BISCUIT LN, LAKE PLACID, FL 33852-7013
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Ortho-rentals LLC
Steven M Guelff
Warranty Deed
—
Dec 17, 1999
$135,000
Steven M Guelff
Miller,john & Catherine
Grant Deed
—
—
—
Steven M Guelff
—
Deed Of Trust
related
$250,000 · Riverside National 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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