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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Medical Office Space
17727 Mentmore Blvd, Land O Lakes, FL 34638-8157
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3427922
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
12,403 SF
Lot
2 ac (87,059 SF)
Zoning code
MPUD
APN
20-26-18-0050-00000-00Z0
UPID
US18-3427922
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
-
The Children's Courtyard of Land O' Lakes Daycare Center
-
Florida Fitness by Choice Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.68M
Owner & transaction history
Tampa Lagniappe LLC · 5 yrs held
Tampa Lagniappe LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
MPUD · Land O Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+1.8%
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
$2,410,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
$1,905,000
6.5%
$1,760,000
7%
$1,635,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,065,000
Current use
RETAIL STORES
$3,120,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10% · vs last sale $3.51M (Apr 21 2021)
Last sale anchor
$3.51M
Apr 21 2021
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
$216 / 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
$30,925
Tax year 2023
Assessed value
$1,541,393
Assessed 2023
Previous assessed
$1,469,676
+4.9% YoY
Effective rate
2.01%
On assessed value
Assessed land
$240,133
Assessed improvement
$1,301,260
Land market value
$240,133
Improvement market value
$1,301,260
Total market value
$1,541,393
Applied tax rate
91.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
433
Bathrooms
7
Total area
12,403 SF
Lot
2 ac (87,059 SF)
Zoning code
MPUD
APN
20-26-18-0050-00000-00Z0
UPID
US18-3427922
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
MEDICAL BUILDING Current
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING Current
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
433
Bathrooms
7
Lot
2 ac
Current owner
From public records · entity-resolved
Tampa Lagniappe LLC
Entity
Mailing address
3115 6TH ST, METAIRIE, LA 70002-2044
Ownership since
2021
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
Apr 21, 2021
$3,509,400
Tampa Lagniappe LLC
Nld Lol LLC
Warranty Deed
$2,807,496 · Bankplus
Dec 7, 2020
$2,975,000
Nld Lol LLC
Emerald Hldgs & Invs LLC
Warranty Deed
$2,635,000 · Midcountry Bk
Aug 4, 2014
$4,705,000
Emerald Holdings & Investments LLC
Ballantrae LLC
Warranty Deed
$2,209,000 · Stonegate Bank
Sep 28, 2006
$410,000
Ballantrae LLC
Creative World Schs Franchisin
Warranty Deed
—
—
—
Emerald Holdings & Invs LLC
—
Loan Modification
related
$1,815,000 · Florida Busn Dev
—
—
Ballantrae LLC
—
Deed Of Trust
related
$1,960,000 · Omni National Bank
—
—
Ballantrae LLC
—
Deed Of Trust
related
$936,250 · Omni National Bank
—
—
Ballantrae LLC
—
Deed Of Trust
related
$1,960,000 · Omni National Bank
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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