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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Medical Office Space
2303 Oak Myrtle Ln Wesley Chapel, FL 33544-6328
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1916060
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
10,350 SF
Lot
1.68 ac (72,972 SF)
Zoning code
MPUD
APN
26-26-19-0040-00000-0050
UPID
US18-1916060
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
$1.69M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.79M
Owner & transaction history
2303 Oak Myrtle Lane LLC · 3 yrs held
2303 Oak Myrtle Lane LLC
since 2023
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
MPUD · Wesley Chapel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wesley Chapel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wesley Chapel 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
$1,690,000
ML approach
$1,690,000
CAP Approach
CAP Return
Estimation
6%
$1,590,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,485,000
Current use
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.99M (Jan 5 2023)
Last sale anchor
$1.99M
Jan 5 2023
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
$173 / 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
$31,251
Tax year 2023
Assessed value
$1,798,768
Assessed 2023
Previous assessed
$1,753,677
+2.6% YoY
Effective rate
1.74%
On assessed value
Assessed land
$926,820
Assessed improvement
$871,948
Land market value
$926,820
Improvement market value
$871,948
Total market value
$1,798,768
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
224
Bathrooms
10
Total area
10,350 SF
Lot
1.68 ac (72,972 SF)
Zoning code
MPUD
APN
26-26-19-0040-00000-0050
UPID
US18-1916060
Jurisdiction
PASCO
Zoning & alternative use
MPUD · Wesley Chapel, FL
Zoning MPUD · permitted uses
MPUD · Wesley Chapel, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wesley Chapel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.5M
MEDICAL BUILDING Current
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
1
Units
224
Bathrooms
10
Lot
1.68 ac
Current owner
From public records · entity-resolved
2303 Oak Myrtle Lane LLC
Entity
Mailing address
66 MARTINIQUE AVE, TAMPA, FL 33606-4039
Ownership since
2023
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
Jan 5, 2023
$1,992,800
2303 Oak Myrtle Lane LLC
Mcenery Family Limited Partnership
Warranty Deed
$2,020,000 · South State Bank NA
Jan 14, 2015
$3,475,000
Mcenery Family Limited Partnership
Ira Kindercare Wesley Chapel LLC
Special Warranty Deed
$2,500,000 · Wells Fargo Bank NA
Jul 2, 2014
$2,854,800
Kindercare Wesley Chapel L Ira
Zenith Ins Co
Warranty Deed
$12,300,000 · Arc Realty Finance Operating P
Jan 27, 2010
$3,000,000
Zenith Insurance Co
Cypress Creek Road Invtrs LLC
Grant Deed
—
Sep 1, 2006
$732,500
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
Nov 1, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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