New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Medical Office Space
1601 Rickenbacker Dr Sun City Center, FL 33573-5332
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4068552
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,656 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CG
APN
U123219ZZZ000001783700
UPID
US18-4068552
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
$1.80M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.91M
Owner & transaction history
Epic Business Properties LLC · 1 yrs held
Epic Business Properties LLC
since 2025
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
CG · Sun City Center, 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 Sun City Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun City Center 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
$1,690,000
ML approach
$1,795,000
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,135,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,085,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$2,755,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$2,675,000
Change: -15% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,665,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $2.00M (Jun 8 2022)
Last sale anchor
$2.00M
Jun 8 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
$151 / 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
$29,904
Tax year 2023
Assessed value
$1,687,300
Assessed 2023
Previous assessed
$1,388,200
+21.5% YoY
Effective rate
1.77%
On assessed value
Assessed land
$339,765
Assessed improvement
$1,347,535
Land market value
$339,765
Improvement market value
$1,347,535
Total market value
$1,687,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
28
Rooms
28
Total area
12,656 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CG
APN
U123219ZZZ000001783700
UPID
US18-4068552
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Sun City Center, FL
Zoning CG · permitted uses
CG · Sun City Center, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun City Center. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
28
Rooms
28
Lot
1.04 ac
Current owner
From public records · entity-resolved
Epic Business Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2901 RIGSBY LN, SAFETY HARBOR, FL 34695-4828
Ownership since
2025
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
Feb 18, 2025
$3,100,000
Epic Business Properties LLC
Pv Hamburg LLC
Special Warranty Deed
—
Jun 8, 2022
$2,000,000
Pv Hamburg LLC
Jacobs Ventures LLC
Warranty Deed
$1,350,000 · Vast Bank NA
Mar 14, 2014
—
Jacobs Ventures LLC
Isbell,june
Quit Claim Deed
related
—
Jul 13, 2011
$117,500
June Isbell
Isbell,gerald
Quit Claim Deed
related
—
—
—
Jacobs Ventures LLC
—
Deed Of Trust
related
$700,000 · Bank Of Tampa
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 1601 Rickenbacker Dr?
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.
