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Property profile & analytics
OFF-MARKET
Estimated value
$18,295,000
Assisted living facilities
2200 Livingston Rd Land O Lakes, FL 34639-3416
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-7066467
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Total area
145,630 SF
Lot
11.74 ac (511,394 SF)
Zoning code
MPUD
APN
29-26-19-0000-00100-0040
UPID
US18-7066467
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
by Request
Comparable Approach
Comparable
$15.63M
Blend (final)
Blend
$18.30M
Owner & transaction history
Terra Bella One LLC · 9 yrs held
Terra Bella One LLC
since 2016
7 recorded transactions
Zoning & alternative use
MPUD · Land O Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$27.1M
+0.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$27,085,000
Current use
COMMERCIAL (GENERAL)
$27,130,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$18.30M
Range $16.47M – $20.12M · ±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
$126 / 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
$334,988
Tax year 2023
Assessed value
$19,652,525
Assessed 2023
Previous assessed
$20,545,601
-4.3% YoY
Effective rate
1.70%
On assessed value
Assessed land
$4,601,830
Assessed improvement
$15,050,695
Land market value
$4,601,830
Improvement market value
$15,050,695
Total market value
$19,652,525
Applied tax rate
3,600.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
4
Units
140
Bathrooms
35
Total area
145,630 SF
Lot
11.74 ac (511,394 SF)
Zoning code
MPUD
APN
29-26-19-0000-00100-0040
UPID
US18-7066467
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$27.1M
COMMERCIAL (GENERAL)
Est. value
$27.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
140
Bathrooms
35
Lot
11.74 ac
Current owner
From public records · entity-resolved
Terra Bella One LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3965 AIRPORT DR, INDIANAPOLIS, IN 46254-5845
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Terra Bella One LLC
—
Deed
related
$30,875,000 · Capital One NA
Dec 19, 2016
—
Terra Bella One LLC
—
Deed
related
$24,092,000 · United Cmnty Bk
Nov 23, 2016
$2,450,000
Terra Bella One LLC
Krg Terra Bella LLC
Grant Deed
—
Aug 18, 2015
$1,205,000
Krg Terra Bella LLC
K & B Flagship LLC
Grant Deed
related
—
May 19, 2015
$1,205,000
Krg Terra Bella LLC
K & B Flagship LLC
Grant Deed
$960,000 · Premier Bk/jacksonville
Oct 24, 2011
—
Pasco Cnty
K & B Flagship LLC
Warranty Deed
—
Jun 3, 2005
$15,000,000
K & B Flagship LLC
Pasco County Land Trust
Grant Deed
—
Jun 3, 2005
—
K&b Flagship LLC
Warren Penner
Quit Claim Deed
related
—
—
—
Florida Busn Dev Corp
—
Deed Of Trust
related
$1,632,500 · Bankatlantic Fsb
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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