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Property profile & analytics
FOR LEASE
Industrial land
7920 American Way, Groveland, FL 34736
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-7081319
For Lease
1 / 4
$2,640,000
7920 American Way, Groveland, FL 34736
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Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1995
Construction
CONCRETE
Total area
42,025 SF
Lot
15 ac (653,400 SF)
APN
20-21-25-1200-000-01000
UPID
US18-7081319
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
-
Cooks Power Equipment Distributors, Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.61M
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$2.64M
Owner & transaction history
Kenneth W Cook · 1 yrs held
Kenneth W Cook
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
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 Groveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groveland 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
$2,265,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,915,000
6.5%
$3,610,000
7%
$3,355,000
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.60M (Feb 4 2022)
Last sale anchor
$2.60M
Feb 4 2022
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
$63 / 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
$16,143
Tax year 2023
Assessed value
$1,397,550
Assessed 2023
Previous assessed
$1,270,500
+10.0% YoY
Effective rate
1.16%
On assessed value
Land market value
$1,397,550
Total market value
$1,397,550
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Year built
1995
Construction
CONCRETE
Heating
FORCED AIR
Total area
42,025 SF
Lot
15 ac (653,400 SF)
APN
20-21-25-1200-000-01000
UPID
US18-7081319
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
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
FORCED AIR
Lot
15 ac
Current owner
From public records · entity-resolved
Kenneth W Cook
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 1263, LONGWOOD, FL 32752
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
Kenneth W Cook
Kenneth W Cook
Deed
related
—
Mar 25, 2025
$2,152,000
Kenneth W Cook
Joel Calvin Cook
Quitclaim Deed
related
—
Mar 4, 2025
—
Kenneth W Cook
Kenneth W Cook
Deed
related
—
Feb 4, 2022
—
Edward Meixsell
Edward Meixsell
Intrafamily Transfer
related
—
Jul 19, 2005
$2,600,000
Edward Meixsell
Leahy Property Dev
Warranty Deed
—
Mar 29, 2001
—
Leahy Property Development
—
Deed Of Trust
related
$1,200,000 · Lasalle National Bank
—
—
Leahy Property Development Co
—
Deed Of Trust
related
$1,448,025 · Bank Of America Illinois
—
—
Joel C Cook
—
Deed Of Trust
related
$1,400,000 · Suntrust Bank NA
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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