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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2219 Knight Rd Land O Lakes, FL 34639-5111

    • Office buildings
    • 9,720 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5006155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Design Services Inc / Machine Shop
    • IndustrialGeneralStore / Distribution Service

    Property Details for 2219 Knight Rd

    Year built
    2009
    Lot size
    1.15 lot acres
    Property size
    9,720 SF
    Zone code
    00C1
    Property type
    Office buildings
    APN
    25-26-18-0000-05400-0051
    APU
    2526180000054000051

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,165,000
      6.5%
      $1,075,000
      7%
      $1,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $874,000
      Market price range: $785k - $2.06M
      AI Estimate
      $618,000
      Market price range: $356k - $1.55M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,345,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Land O Lakes
    County
    Pasco
    State
    Florida
    Longitude
    -82.4548
    Latitude
    28.1899
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,486
    $139,516
    $627,726
    $767,242
    -
    $139,516
    $627,726
    $767,242

    Comparable in this City

    • Value Estimation
      $3,490,000
      55,381 SF

      4111 Land O Lks Blvd

      OFFICE BUILDING (MULTI-STORY) • 55,381 SF
      4111 Land O Lks Blvd, Land O Lakes, FL 34639-4437
      View Details
    • Value Estimation by Request
      3,656 SF

      2200 Knight Rd

      OFFICE BUILDING • 3,656 SF
      2200 Knight Rd, Land O Lakes, FL 34639-5107
      View Details
    • Value Estimation by Request
      5,159 SF

      3508 Land O Lks Blvd

      OFFICE BUILDING • 5,159 SF
      3508 Land O Lks Blvd, Land O Lakes, FL 34639-4412
      View Details
    • Value Estimation by Request
      1,432 SF

      4016 Land O Lks Blvd Ste, Unit 2

      OFFICE BUILDING • 1,432 SF
      4016 Land O Lks Blvd Ste, Land O Lakes, FL 34639-4458
      View Details
    • Value Estimation
      $2,965,000
      18,446 SF

      Land O

      OFFICE BUILDING • 18,446 SF
      Land O, Lakes, FL 34639
      View Details
    • Value Estimation by Request
      2,400 SF

      3016 Land O Lks Blvd

      OFFICE BUILDING • 2,400 SF
      3016 Land O Lks Blvd, Land O Lakes, FL 34639-4918
      View Details

    Similar Nearby for Sale

    • $420,000

      Land O' Lakes Office Building

      Well-maintained 1,503 SF office building in a visible location.
      5488 Land O Lakes Blvd, Land O Lakes, FL 34639
      View Details
    • $1,200,000
      2.26 Acres

      Prime Land O' Lakes Commercial Lot

      2.26 Acres, High-Traffic Location
      0 Land O Lk Blvd And Hopson Rd, Land O' Lakes, FL 34639
      View Details
    • $3,600,000
      34.56 Acres

      34.56 Acres Mixed-Use Land

      34.56 acres of mixed-use land in rapidly growing Wesley Chapel.
      N/A, Land O Lakes, FL 34639
      View Details
    • New
      $129,999
      0.30 Acres

      Vacant Lot in Lake Padgett

      0.3-acre vacant lot in a prime Land O' Lakes location.
      3254 Grove Pl, Land O Lakes, FL 34639
      View Details
    • $375,000
      0.40 Acres

      Lake Padgett Buildable Lot

      Buildable lot in The Enclave at Lake Padgett.
      3926 Cv Lk Pl, Land O Lakes, FL 34639
      View Details
    • $2,800,000

      Land O Lakes Land

      Land available in Land O Lakes, Florida.
      10460 Ehren Cutoff, Land O Lakes, FL 34639
      View Details

    Similar Nearby for Lease

    • $6,600 /Mo

      Furnished Executive Suites Available

      Executive suites for lease with included amenities in Land O' Lakes.
      3632 Land O Lakes Blvd, Land O Lakes, FL 34639
      View Details
    • $360 /Mo
      3,000 SF

      Collier Park Medical Office Space

      Land O' Lakes, FL Medical Office Building
      23083 Tabak Ln, Land O' Lakes, FL 34639
      View Details
    • Contact for pricing
      170,473 SF

      Village Lakes Retail Space Available

      Prime Pasco County retail space, multiple suites.
      0 State Rd 54, Land O' Lakes, FL 34639
      View Details
    • Contact for pricing
      1,802 SF

      Retail Space in Village Lakes

      Retail space available in high-traffic Land O Lakes shopping center.
      21601 Village Lakes Shopping Ctr Dr, Land O Lakes, FL 34639
      View Details
    • $36,000

      Retail Space in Land O' Lakes

      1,200 SF retail space available for lease immediately.
      5132 Land O Lakes Blvd, Land O Lakes, FL 34639
      View Details
    • $35 SF/Yr
      1,200 SF

      Retail Space in Land O Lakes

      Retail space available in a busy, anchored shopping center.
      2081-2099 Collier Pkwy, Land O Lakes, FL 34639
      View Details
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    2219 Knight Rd
    Land O Lakes, FL 34639-5111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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