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Property profile & analytics
OFF-MARKET
Estimated value
$6,685,000
Retail space
12028 Majestic Blvd Hudson, FL 34667-2418
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0971271
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
15,720 SF
Lot
3.16 ac (137,442 SF)
Zoning code
00C1
APN
03-25-16-0930-00000-0080
UPID
US18-0971271
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
$7.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.69M
Owner & transaction history
Oak Street Investment Grade Net Lea · 4 yrs held
Oak Street Investment Grade Net Lea
since 2022
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
00C1 · Hudson, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+211.7%
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 Hudson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudson 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
$6,860,000
ML approach
$7,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,960,000
Change: +212% · Conversion: Easy
Blend value · Realmo final
$6.69M
Range $6.02M – $7.35M · ±10% · vs last sale $6.33M (Jan 6 2022)
Last sale anchor
$6.33M
Jan 6 2022
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
$425 / 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
$33,558
Tax year 2023
Assessed value
$1,883,699
Assessed 2023
Previous assessed
$1,993,596
-5.5% YoY
Effective rate
1.78%
On assessed value
Assessed land
$752,082
Assessed improvement
$1,131,617
Land market value
$752,082
Improvement market value
$1,131,617
Total market value
$1,883,699
Applied tax rate
6,200.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1964
Bathrooms
2
Total area
15,720 SF
Lot
3.16 ac (137,442 SF)
Zoning code
00C1
APN
03-25-16-0930-00000-0080
UPID
US18-0971271
Jurisdiction
PASCO
Zoning & alternative use
00C1 · Hudson, FL
Zoning 00C1 · permitted uses
00C1 · Hudson, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hudson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.0M
RESTAURANT
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
FORCED AIR
Cooling
Yes
Stories
1
Units
1964
Bathrooms
2
Lot
3.16 ac
Current owner
From public records · entity-resolved
Oak Street Investment Grade Net Lea
Entity
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
$6,330,000
Oak Street Investment Grade Net Lea
Project Jupiter Fund V LLC
Special Warranty Deed
$6,330,000 · Citibank NA
May 4, 2021
$4,522,857
Project Jupiter Fund V LLC
Walgreen Co
Special Warranty Deed
$38,104,000 · Bbva USA
Mar 17, 2009
$3,540,354
Walgreen Co
Lipsitz Herman Fam Trust
Grant Deed
—
Feb 1, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 12, 2009
—
Lipsitz Non-exempt Trust
Lipsitz Herman Family Trust
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.
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