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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Office buildings
714 Scarboro Ave Lecanto, FL 34461-8774
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-5037369
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,032 SF
Lot
4.26 ac (185,391 SF)
Zoning code
PSO PROF SERVICES/OFFICE
APN
18E-19S-03-24220
UPID
US18-5037369
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
-
Realtors Association of Citrus Real Estate Agency
-
Realtor's Association of Citrus County Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.25M
Owner & transaction history
Realtors Assoc Citrus County · 23 yrs held
Realtors Assoc Citrus County
since 2002
2 recorded transactions
Zoning & alternative use
PSO PROF SERVICES/OFFICE · Lecanto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+74.7%
Medical building
$1.5M
+29.6%
Commercial (general)
$1.2M
+2.7%
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 Lecanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lecanto 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,145,000
Current use
RESTAURANT
$2,000,000
Change: +75% · Conversion: Moderate
MEDICAL BUILDING
$1,485,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,175,000
Change: +3% · Conversion: Easy
RETAIL STORES
$975,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$177 / 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
$18,255
Tax year 2023
Assessed value
$1,144,070
Assessed 2023
Previous assessed
$1,029,440
+11.1% YoY
Effective rate
1.60%
On assessed value
Assessed land
$214,300
Assessed improvement
$929,770
Land market value
$214,300
Improvement market value
$929,770
Total market value
$1,144,070
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
7,032 SF
Lot
4.26 ac (185,391 SF)
Zoning code
PSO PROF SERVICES/OFFICE
APN
18E-19S-03-24220
UPID
US18-5037369
Jurisdiction
CITRUS
Zoning & alternative use
PSO PROF SERVICES/OFFICE · Lecanto, FL
Zoning PSO PROF SERVICES/OFFICE · permitted uses
PSO PROF SERVICES/OFFICE · Lecanto, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lecanto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$975,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
4.26 ac
Current owner
From public records · entity-resolved
Realtors Assoc Citrus County
Entity
Mailing address
714 S SCARBORO AVE, LECANTO, FL 34461-8774
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2004
—
Realtor Assn Of Citrus Cnty INC
—
Trustees Deed
related
$634,000 · Bank Of Inverness
Aug 20, 2002
$145,000
Realtors Assoc Citrus County
Hupp,robert R & Ann L
Grant Deed
$100,000 · Robert R & Ann L Hupp
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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