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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Grocery and convenience stores
724 Broadway St, Fort Meade, FL 33841-3143
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5361281
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1966
Total area
7,151 SF
Lot
0.73 ac (31,672 SF)
APN
253126444500000010
UPID
US18-5361281
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
$2.24M
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$2.24M
Owner & transaction history
Fort Meade Gas Station LLC · 1 yrs held
Fort Meade Gas Station LLC
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+151.9%
Medical building
$2.2M
+68.8%
Commercial (general)
$2.0M
+54.6%
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 Fort Meade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Meade 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
$2,235,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Alternative Use
Use
Estimation
RESTAURANT
$3,300,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$2,210,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,025,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$1,855,000
Change: +42% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,740,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $2.24M (Aug 6 2024)
Last sale anchor
$2.24M
Aug 6 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
$313 / 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
$10,271
Tax year 2023
Assessed value
$450,667
Assessed 2023
Previous assessed
$379,229
+18.8% YoY
Effective rate
2.28%
On assessed value
Assessed land
$42,760
Assessed improvement
$407,907
Land market value
$42,760
Improvement market value
$407,907
Total market value
$450,667
Applied tax rate
90,210.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1966
Heating
NONE
Stories
1
Units
1
Total area
7,151 SF
Lot
0.73 ac (31,672 SF)
APN
253126444500000010
UPID
US18-5361281
Jurisdiction
POLK
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
RESTAURANT
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1966
Heating
NONE
Stories
1
Units
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Fort Meade Gas Station LLC
Entity
Mailing address
6136 FRISCO SQ BLVD, FRISCO, TX 75034-3246
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
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Fort Meade Gas Station LLC
—
Deed
related
$682,500 · Ks Statebank
Aug 6, 2024
—
Fort Meade Gas Station LLC
Giuseppe Piccinini
Quitclaim Deed
related
—
Dec 28, 2023
$2,237,000
Giuseppe Piccinini
Arkagas LLC
Special Warranty Deed
—
Nov 22, 2023
—
Arkagas LLC
—
Deed
related
$1,902,001 · Bcl-cre 3 LLC
Aug 15, 2022
—
Arkagas LLC
Standard Development Company LLC
Re-recorded Document
related
$3,624,985 · Bcl Cre 3 LLC
Mar 2, 2021
$338,200
Synergy Prime INC
Grocery Plus LLC
Special Warranty Deed
$605,169 · Grocery Plus LLC
Sep 29, 2020
—
Grocery & LLC
—
Deed
related
$206,604 · Wauchula St Bk
Mar 19, 2019
—
Grocery & LLC
—
Deed
related
$150,000 · Wauchula St Bk
Feb 22, 2018
—
Grocery & LLC
Patel,binita & Kaushik Coc
Trustees Deed
related
—
Feb 21, 2018
—
Grocery & LLC
—
Deed
related
$150,000 · Wauchula St Bk
Sep 13, 2017
—
Grocery & LLC
—
Deed
related
$300,000 · Wauchula St Bk
Sep 7, 2017
—
Grocery & LLC
—
Deed
related
$50,000 · Wauchula St Bk
Oct 10, 2016
—
Grocery & LLC
—
Deed
related
$50,000 · Wauchula St Bk
Sep 9, 2015
—
Grocery & LLC
—
Trustees Deed
related
$50,000 · Wauchula St Bk
Jun 4, 2013
$200
Grocery & LLC
Patel,kaushik Coc
Trustees Deed
related
—
Apr 17, 1998
$175,000
Kaushik N Patel
Davis,derheta
Grant Deed
$131,250 · Wauchula State Bank
—
—
Grocery & LLC
—
Loan Modification
related
$50,000 · Wauchula St Bk
—
—
Kaushik Patel
—
Deed Of Trust
related
$8,000 · Dinesh Patel
—
—
Kaushik Patel
—
Deed Of Trust
related
$22,200 · Nalin & Harsmitta Patel
—
—
Kaushik Patel
—
Deed Of Trust
related
$51,500 · Mahesh & Niru Patel
—
—
Grocery & LLC
—
Loan Modification
related
$206,604 · Wauchula St Bk
—
—
Grocery & LLC
—
Loan Modification
related
$150,000 · Wauchula St Bk
—
—
Grocery & LLC
—
Loan Modification
related
$300,000 · Wauchula St Bk
—
—
Grocery & LLC
—
Loan Modification
related
$50,000 · Wauchula St Bk
—
—
Grocery & LLC
—
Deed Of Trust
related
$300,000 · Wauchula St Bk
—
—
Kaushik Patel
—
Deed Of Trust
related
$16,500 · Bhasker & Kala Patel
—
—
Kaushik Patel
—
Deed Of Trust
related
$18,153 · Kamlesh & Bhupendra Patel
—
—
Grocery & LLC
—
Loan Modification
related
$150,000 · Wauchula St Bk
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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