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Property profile & analytics
OFF-MARKET
Estimated value
$8,015,000
Hotels
16615 Crosspointe Run Land O Lakes, FL 34638-6200
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-8142977
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Total area
72,607 SF
Lot
2.41 ac (104,980 SF)
Zoning code
MPUD
APN
30-26-18-0050-00000-00A1
UPID
US18-8142977
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
$7.17M
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$8.02M
Owner & transaction history
Bbl Tampa Hotel Group LLC · 8 yrs held
Bbl Tampa Hotel Group LLC
since 2017
1 recorded transaction
Zoning & alternative use
MPUD · Land O Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.9M
+75.9%
Medical building
$9.3M
+37.4%
Restaurant
$8.9M
+31.4%
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 Land O Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Land O Lakes 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,760,000
6.5%
$7,165,000
7%
$6,650,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,745,000
Current use
AUTO REPAIR, GARAGE
$11,865,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$9,270,000
Change: +37% · Conversion: Difficult
RESTAURANT
$8,860,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,825,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$7,595,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$6,430,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$8.02M
Range $7.21M – $8.82M · ±10%
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
$110 / 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
$143,808
Tax year 2023
Assessed value
$8,303,859
Assessed 2023
Previous assessed
$7,797,085
+6.5% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,243,195
Assessed improvement
$7,060,664
Land market value
$1,243,195
Improvement market value
$7,060,664
Total market value
$8,303,859
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
100
Bathrooms
21
Total area
72,607 SF
Lot
2.41 ac (104,980 SF)
Zoning code
MPUD
APN
30-26-18-0050-00000-00A1
UPID
US18-8142977
Jurisdiction
PASCO
Zoning & alternative use
MPUD · Land O Lakes, FL
Zoning MPUD · permitted uses
MPUD · Land O Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Land O Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$11.9M
MEDICAL BUILDING
Est. value
$9.3M
RESTAURANT
Est. value
$8.9M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$6.4M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
100
Bathrooms
21
Lot
2.41 ac
Current owner
From public records · entity-resolved
Bbl Tampa Hotel Group LLC
Entity
Free & Clear · 8 yrs held
Mailing address
302 WASHINGTON AVE EXT, ALBANY, NY 12203-7306
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2017
$856,000
Bbl Tampa Hotel Group LLC
Nnp-bexley LLC
Grant Deed
—
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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