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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Outlet malls
9581 Citrus Spgs Blvd Citrus Springs, FL 34434-4040
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-1874388
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2014
Construction
STEEL FRAME
Total area
8,320 SF
Lot
1.54 ac (66,952 SF)
Zoning code
PDR PLANNED DEVELOPMENT(S
APN
18E-17S-10-0010-00420-003.0
UPID
US18-1874388
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
$1.23M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.13M
Owner & transaction history
Family Discount Partfolio II Dst · 12 yrs held
Family Discount Partfolio II Dst
since 2014
6 recorded transactions
Zoning & alternative use
PDR PLANNED DEVELOPMENT(S · Citrus Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+52.0%
Office building
$1.4M
+17.3%
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 Citrus Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Citrus Springs 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%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,155,000
Current use
MEDICAL BUILDING
$1,755,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,355,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,035,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$135 / 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
$13,207
Tax year 2023
Assessed value
$799,200
Assessed 2023
Previous assessed
$799,200
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$143,430
Assessed improvement
$655,770
Land market value
$143,430
Improvement market value
$655,770
Total market value
$799,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
8,320 SF
Lot
1.54 ac (66,952 SF)
Zoning code
PDR PLANNED DEVELOPMENT(S
APN
18E-17S-10-0010-00420-003.0
UPID
US18-1874388
Jurisdiction
CITRUS
Zoning & alternative use
PDR PLANNED DEVELOPMENT(S · Citrus Springs, FL
Zoning PDR PLANNED DEVELOPMENT(S · permitted uses
PDR PLANNED DEVELOPMENT(S · Citrus Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Citrus Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES Current
MEDICAL BUILDING
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
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Family Discount Partfolio II Dst
Individual
Mailing address
PO BOX 1017, CHARLOTTE, NC 28201-1017
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2014
$1,389,683
Family Discount Partfolio II Dst
Wf Fd Master Lease II LLC
Special Warranty Deed
—
Aug 28, 2013
$266,500
Wf-fd Master Lease II LLC
Family Dollar Stores Of Fl INC
Grant Deed
—
Jul 25, 2013
—
Family Dollar Stores Of Fl INC
Roth,william R & Katherine A
Quit Claim Deed
related
—
Jul 25, 2013
$140,000
Family Dollar Stores Of Fl INC
Roth,william R & Katherine A
Warranty Deed
—
Aug 10, 2009
—
Steiner-alvenus Family Trust
Steiner,harold W
Quit Claim Deed
related
—
Aug 10, 2001
$16,000
William R Roth
Levy,eugene
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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