New search
Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Industrial properties
Lake, Panasoffkee, FL 33538
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6687897
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
2022
Total area
10,000 SF
Lot
196 ac (8,537,760 SF)
APN
J08-081
UPID
US18-6687897
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
by Request
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$535k
Owner & transaction history
Tag Southern Properties LLC · 3 yrs held
Tag Southern Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$875,000
+136.1%
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 Panasoffkee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panasoffkee 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$370,000
Current use
WAREHOUSE, STORAGE
$875,000
Change: +136% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$54 / 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
$10,116
Tax year 2023
Assessed value
$962,380
Assessed 2023
Previous assessed
$962,380
+0.0% YoY
Effective rate
1.05%
On assessed value
Land market value
$58,800
Improvement market value
$1,628,780
Total market value
$1,687,580
Applied tax rate
1,001.0000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
2
Total area
10,000 SF
Lot
196 ac (8,537,760 SF)
APN
J08-081
UPID
US18-6687897
Jurisdiction
SUMTER
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
INDUSTRIAL (GENERAL) Current
Est. value
$370,000
WAREHOUSE, STORAGE
Est. value
$875,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2022
Heating
NONE
Buildings
2
Lot
196 ac
Current owner
From public records · entity-resolved
Tag Southern Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2290 W 136TH ST, CARMEL, IN 46032-8826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2023
—
Tag Southern Properties LLC
Cup Properties LLC
Warranty Deed
—
Sep 8, 2021
$1,475,000
Cup Properties LLC
Dannie E Jordan
Declaration
related
—
Oct 23, 2020
—
Jordan Living Trust
—
Deed
related
$1,000,000 · Farm Credit Svcs
Nov 15, 2018
—
Jordan Living Trust
—
Deed
related
$750,000 · Private Individual
Nov 8, 2013
—
Jordan Living Trust
First Sthrn Bk
Grant Deed
related
—
Sep 28, 2011
$900,000
Jordan Family Living Trust
First Sthrn Bk
Warranty Deed
—
Jan 5, 2011
$100
First Coml Bk Of Fl
Blount & Chaudhari Lak Coc
Trustees Deed
related
—
Mar 22, 2006
$4,250,000
Blount & Chaudhari Lake Pan LLC
Arl Cattle Co LLC
Warranty Deed
$2,975,000 · Centerstate Bank Mid Florida
—
—
Jordan Living Trust
—
Deed Of Trust
related
$750,000 · Private Individual
—
—
Jordan Living Trust
—
Deed Of Trust
related
$1,500,000 · Farm Credit Service
—
—
Jordan Living Trust
—
Deed Of Trust
related
$1,000,000 · Farm Credit Svcs
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?”
You own Lake?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
