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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Industrial land
11617 Prospect Dr, Odessa, FL 33556-3428
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8585788
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1996
Total area
20,160 SF
Lot
0.58 ac (25,428 SF)
Zoning code
00I2
APN
29-26-17-0010-00000-0250
UPID
US18-8585788
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
Current use
Occupant on record · Public records
-
Table Designs Industrial Manufacturer Production Facility
-
Practical Systems Inc (PSI) Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Florida First Capital Finance Corpo · 2 yrs held
Florida First Capital Finance Corpo
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
00I2 · Odessa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+2.6%
Office building
$2.5M
+2.4%
Restaurant
$2.5M
+0.4%
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 Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa 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
$1,575,000
ML approach
$1,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,450,000
Current use
RETAIL STORES
$2,515,000
Change: +3% · Conversion: Moderate
OFFICE BUILDING
$2,510,000
Change: +2% · Conversion: Difficult
RESTAURANT
$2,460,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$2,270,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10% · vs last sale $1.58M (Mar 14 2024)
Last sale anchor
$1.58M
Mar 14 2024
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
$78 / 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
$3,026
Tax year 2023
Assessed value
$179,345
Assessed 2023
Previous assessed
$179,345
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$179,345
Land market value
$179,345
Total market value
$179,345
Applied tax rate
9,100.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Bathrooms
4
Total area
20,160 SF
Lot
0.58 ac (25,428 SF)
Zoning code
00I2
APN
29-26-17-0010-00000-0250
UPID
US18-8585788
Jurisdiction
PASCO
Zoning & alternative use
00I2 · Odessa, FL
Zoning 00I2 · permitted uses
00I2 · Odessa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
MEDICAL 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
1996
Heating
NONE
Stories
1
Bathrooms
4
Lot
0.58 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corpo
Entity
Free & Clear · 2 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
$1,577,000
Florida First Capital Finance Corpo
Table Designs Production Properties
Assignment Of Deed
—
Dec 12, 2023
$3,795,000
Table Designs Production Properties
Practical Systems INC
Warranty Deed
$1,924,550 · Regions Bank
Oct 9, 2020
—
Oey II LLC
—
Deed
related
$1,900,000 · Synovus Bk
Jun 1, 2010
$272,100
Angelique Welker
Practical Systems INC
Warranty Deed
—
Apr 12, 1999
—
Practical Systems Incorporated
Jankura,june E
Quit Claim Deed
related
$661,000 · Southtrust Bank NA
—
—
Practical Systems INC
—
Deed Of Trust
related
$345,000 · Whitney National Bank
—
—
Practical Systems INC
—
Deed Of Trust
related
$1,300,000 · Whitney National Bank
—
—
Oey II LLC
—
Deed Of Trust
related
$1,900,000 · Synovus Bk
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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