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    Property profile & analytics

    113 Frst Lk S Blvd Oldsmar, FL 34677-3028

    • Day care centers
    • 5,900 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Jun 15, 2021
    $1,742,300
    Value Estimations
    $2,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5266518
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Oldsmar KinderCare / Day Care Center / Preschool

    Property Details for 113 Frst Lk S Blvd

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Lot size
    0.74 lot acres
    Property size
    5,900 SF
    Property type
    Day care centers
    APN
    23-28-16-63936-063-0010
    APU
    232816639360630010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,245,000
      Market price range: $978k - $3.25M
      AI Estimate
      $3,245,000
      Market price range: $978k - $3.25M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6779
    Latitude
    28.0417
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,813
    $0.00
    $0.00
    $1,480,000
    -
    $449,981
    $1,030,019
    $1,480,000

    Comparable in this City

    • Value Estimation by Request
      14,080 SF

      3760 Tampa Rd

      DAY CARE, PRE-SCHOOL • 14,080 SF
      3760 Tampa Rd, Oldsmar, FL 34677-6306
      View Details
    • Value Estimation
      $4,160,000
      10,950 SF

      3933 Tampa Rd

      DAY CARE, PRE-SCHOOL • 10,950 SF
      3933 Tampa Rd, Oldsmar, FL 34677-3104
      View Details
    • Value Estimation
      $2,350,000
      20,077 SF

      400 Saint Petersburg E Dr

      CHARITABLE ORGANIZATION • 20,077 SF
      400 Saint Petersburg E Dr, Oldsmar, FL 34677-3714
      View Details
    • Value Estimation by Request
      4,800 SF

      112 Bayview Blvd

      CREMATORIUM, MORTUARY • 4,800 SF
      112 Bayview Blvd, Oldsmar, FL 34677-3129
      View Details
    • Value Estimation by Request
      160 SF

      Sheffield Ct

      PROFESSIONAL CLUBS/ASSOCIATIONS • 160 SF
      Sheffield Ct, Oldsmar, FL 34677
      View Details
    • Value Estimation by Request
      684 SF

      207 Exeter St

      CHARITABLE ORGANIZATION • 684 SF
      207 Exeter St, Oldsmar, FL 34677-3630
      View Details

    Similar Nearby for Sale

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      Oldsmar Industrial Land For Sale

      5.6 acre industrial land with 2.21 buildable acres.
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    • $1,860,000
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      Renovated Flex Space in Oldsmar

      Turn-key flex industrial/office property with recent improvements, ideal for investors.
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      OLDSMAR, FL - Land Opportunity

      0.55 acre lot suitable for development in OLDSMAR, FL.
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    • $120,000
      0.28 Acres

      Waterfront Buildable Lot on Creek

      Waterfront lot with creek access, ready for building.
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    • $625,000
      1,350 SF

      Oldsmar Auto Repair Shop - $625K

      Thriving Auto Repair Business - Turnkey Operation
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    • $1,100,000
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      421 Park Blvd

      Land • 1.01 Acres
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    Similar Nearby for Lease

    • Contact for pricing
      31,120 SF

      Prime Oldsmar Retail Center

      12-suite shopping center, 2,310 SF available
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    • $5 SF/Yr
      42,000 SF

      Industrial Space in Oldsmar, FL

      42,000 SF industrial property available for lease in Oldsmar.
      301 Commerce Blvd, Oldsmar, FL 34677
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    • Contact for pricing

      Retail Space in Palm Harbor

      Grocery anchored shopping center with outparcel opportunities in Palm Harbor.
      Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Spaces on Tampa Road

      Retail spaces available in Oldsmar, excellent visibility and access.
      4022-4058 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $6,874 /Mo
      21,504 SF

      Oldsmar Flex Business Center

      Flex space suitable for retail and wholesale businesses.
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      View Details
    • Contact for pricing
      94,000 SF

      Warehouse Distribution Building For Rent

      94,000 square foot warehouse distribution building available for rent.
      4029 Tampa Rd, Oldsmar, FL 34677
      View Details
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    Oldsmar, FL 34677-3028
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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