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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Drug stores
9204 Cortez Blvd Weeki Wachee, FL 34613-6371
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0528692
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Construction
CONCRETE
Total area
12,236 SF
Lot
4 ac (174,171 SF)
APN
R02-423-17-0000-0010-0012
UPID
US19-0528692
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
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$1.84M
Owner & transaction history
9204 Cortez Boulevard LLC · 11 yrs held
9204 Cortez Boulevard LLC
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+54.6%
Auto repair, garage
$2.3M
+24.4%
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 Weeki Wachee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weeki Wachee 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%
$2,000,000
6.5%
$1,850,000
7%
$1,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,865,000
Current use
RESTAURANT
$2,885,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,320,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$1,655,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$1,585,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$150 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$44,990
Tax year 2022
Assessed value
$2,731,251
Assessed 2023
Previous assessed
$3,104,413
-12.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,101,610
Assessed improvement
$1,629,641
Land market value
$1,447,361
Improvement market value
$1,837,499
Total market value
$3,284,860
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Rooms
1
Bathrooms
2
Total area
12,236 SF
Lot
4 ac (174,171 SF)
APN
R02-423-17-0000-0010-0012
UPID
US19-0528692
Jurisdiction
HERNANDO
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
$1.9M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
2002
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
2
Lot
4 ac
Current owner
From public records · entity-resolved
9204 Cortez Boulevard LLC
Entity
Mailing address
1 ASPEN DR UNIT #85, LOVELAND, CO 80538-2597
Ownership since
2015
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
Feb 19, 2015
$5,100,606
9204 Cortez Boulevard LLC
Weeki Wachee Cortez LLC
Grant Deed
$1,500,000 · Arc Property Trust Invs LP
Mar 6, 2013
$3,932,403
Weeki Wachee Cortez LLC
Ariel 1 LLC
Grant Deed
—
—
—
9204 Cortez Boulevard LLC
—
Deed Of Trust
related
$1,500,000 · Arc Property Trust Invs LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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