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Property profile & analytics
FOR SALE
Retail space
827 W Montrose St Clermont, FL 34711
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5287766
For Sale
1 / 24
$595,000
827 W Montrose St, Clermont, FL 34711
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD FRAME
Total area
1,078 SF
Lot
0.18 ac (7,650 SF)
APN
24-22-25-0100-091-00500
UPID
US18-5287766
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
-
B & H Consultants Inc Engineering Consultant
-
The Skin Loft Spa & Massage Center
-
Hair By Heather S, LLC @ Parlour 3 Salon and Grooming Hair Salon
-
Hair By Heather S, LLC Hair Salon
-
Hair.By.Heather.S at Parlour 3 Salon and Grooming Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$387k
Blend (final)
Blend
$500k
Owner & transaction history
Florida Prop Shop Sales & Rentals I · 1 yrs held
Florida Prop Shop Sales & Rentals I
since 2025
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$415,000
+31.9%
Office building
$320,000
+2.4%
Neighborhood: shopping center
$315,000
+0.8%
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
$575,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$315,000
Current use
COMMERCIAL (GENERAL)
$415,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$320,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$315,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $580k (Mar 19 2025)
Last sale anchor
$580k
Mar 19 2025
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
$464 / 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
$4,205
Tax year 2023
Assessed value
$258,953
Assessed 2023
Previous assessed
$220,049
+17.7% YoY
Effective rate
1.62%
On assessed value
Land market value
$178,188
Improvement market value
$80,765
Total market value
$258,953
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1900
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,078 SF
Lot
0.18 ac (7,650 SF)
APN
24-22-25-0100-091-00500
UPID
US18-5287766
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
RETAIL STORES Current
Est. value
$315,000
COMMERCIAL (GENERAL)
Est. value
$415,000
OFFICE BUILDING
Est. value
$320,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$315,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Florida Prop Shop Sales & Rentals I
Individual
Mailing address
2446 SHELBY LN, CLERMONT, FL 34711-6972
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
Mar 19, 2025
$580,000
Florida Prop Shop Sales & Rentals I
Margaret Summa LLC
Warranty Deed
—
Aug 6, 2015
$140,000
Margaret Summa LLC
Desrochers,josee
Warranty Deed
—
Jan 8, 2013
$115,000
Josee Desrochers
Shira,james W & Janet G
Warranty Deed
—
Oct 30, 2008
—
Shira James W & Janet G Trust
Owner,record
Warranty Deed
related
—
Nov 22, 2004
$246,000
B & H Capital INC
Thomas,marino
Warranty Deed
related
$146,000 · Marino Thomas
Oct 29, 1998
$93,000
Ronald S Dowd
Thomas,marion M
Grant Deed
$58,000 · Seller
—
—
James W Shira
—
Deed Of Trust
related
$115,490 · United Southern Bank
—
—
Marino Thomas
—
Deed Of Trust
related
$20,000 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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