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Property profile & analytics
FOR SALE
Commercial land
Highway 19 SE Old Town, FL 32680
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-7570620
For Sale
1 / 18
$700,000
Highway 19 SE, Old Town, FL 32680
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1960
Total area
889 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C-2
APN
23-10-13-0000-4806-000.0
UPID
US18-7570620
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cheek Investments LLC · 6 yrs held
Cheek Investments LLC
since 2019
4 recorded transactions
Zoning & alternative use
C-2 · Old Town, FL
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 Old Town submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Town 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$413
Tax year 2023
Assessed value
$19,700
Assessed 2023
Previous assessed
$19,700
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$17,200
Assessed improvement
$2,500
Land market value
$17,200
Improvement market value
$2,500
Total market value
$19,700
Applied tax rate
1.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1960
Heating
NONE
Total area
889 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C-2
APN
23-10-13-0000-4806-000.0
UPID
US18-7570620
Jurisdiction
DIXIE
Zoning & alternative use
C-2 · Old Town, FL
Zoning C-2 · permitted uses
C-2 · Old Town, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Town. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
5.83 ac
Current owner
From public records · entity-resolved
Cheek Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
11050 AUTUMN LN, CLERMONT, FL 34711-9128
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
$175,000
Cheek Investments LLC
Hill,jerry W & Faith H
Warranty Deed
—
Sep 10, 2019
$100
Dixie Cnty Board Of Cnty Commissi
Hill,jerry W & Faith H
Warranty Deed
—
Jun 5, 2015
$170,000
Teramore Development LLC
Jerry Wayne Hill
Warranty Deed
$973,000 · Thomasville National Bank
Mar 22, 2013
—
Hill Family Trust
Hill,jerry & Faith
Quit Claim Deed
related
—
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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