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Property profile & analytics
OFF-MARKET
Estimated value
$14,825,000
Warehouses
22831 Preakness Blvd Land O Lakes, FL 34639-5204
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-5575079
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
97,656 SF
Lot
1.87 ac (81,245 SF)
Zoning code
00C2
APN
30-26-19-0000-04300-0131
UPID
US18-5575079
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.94M
Comparable Approach
Comparable
$19.14M
Blend (final)
Blend
$14.83M
Owner & transaction history
Ss Preakness LLC · 10 yrs held
Ss Preakness LLC
since 2016
6 recorded transactions
Zoning & alternative use
00C2 · Land O Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$24.6M
+81.7%
Medical building
$24.1M
+78.4%
Commercial (general)
$18.2M
+34.5%
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%
$15,095,000
6.5%
$13,935,000
7%
$12,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,525,000
Current use
RETAIL STORES
$24,570,000
Change: +82% · Conversion: Moderate
MEDICAL BUILDING
$24,130,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,190,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$14,445,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$14.83M
Range $13.34M – $16.31M · ±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
$152 / 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
$135,151
Tax year 2023
Assessed value
$9,884,683
Assessed 2023
Previous assessed
$10,117,495
-2.3% YoY
Effective rate
1.37%
On assessed value
Assessed land
$564,982
Assessed improvement
$9,319,701
Land market value
$564,982
Improvement market value
$9,319,701
Total market value
$9,884,683
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
4
Units
1188
Bathrooms
1
Total area
97,656 SF
Lot
1.87 ac (81,245 SF)
Zoning code
00C2
APN
30-26-19-0000-04300-0131
UPID
US18-5575079
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Land O Lakes, FL
Zoning 00C2 · permitted uses
00C2 · 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
WAREHOUSE, STORAGE Current
Est. value
$13.5M
RETAIL STORES
Est. value
$24.6M
MEDICAL BUILDING
Est. value
$24.1M
COMMERCIAL (GENERAL)
Est. value
$18.2M
OFFICE BUILDING
Est. value
$14.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1188
Bathrooms
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Ss Preakness LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2018
—
Ss Preakness LLC
—
Grant Deed
related
$12,351,000 · Citi R/e Fndg INC
May 13, 2016
$5,222,100
Ss Preakness LLC
Sssp Preakness LLC
Grant Deed
$15,512,962 · Barclays Bk/plc
May 26, 2015
$4,950,000
Sssp Preakness LLC
Vsi IV Preakness LLC
Grant Deed
$19,650,000 · Barclays Bk/plc
May 9, 2013
—
Vsi IV Preakness LLC
—
Deed Of Trust
related
$6,218,330 · Compass Bank
Jul 19, 2012
$5,281,562
Vsi IV Preakness LLC
Storsafe Collier Commons LLC
Grant Deed
—
—
—
Storsafe Collier Commons LLC
—
Deed Of Trust
related
$5,281,562 · Regions 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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