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    Property profile & analytics

    2324 Cypress Cv Wesley Chapel, FL 33544-6787

    • Medical Office Space
    • 8,470 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3184840
    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

    • Medical Office Space

    Property Details for 2324 Cypress Cv

    Year built
    2016
    Lot size
    0.19 lot acres
    Property size
    8,470 SF
    Zone code
    MPUD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    26-26-19-0030-00000-0090
    APU
    2626190030000000090

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,300,000
      6.5%
      $1,200,000
      7%
      $1,115,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,056,000
      Market price range: $846k - $1.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wesley Chapel
    County
    Pasco
    State
    Florida
    Longitude
    -82.3718
    Latitude
    28.1907
    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
    $28,427
    $511,974
    $1,409,194
    $1,921,168
    -
    $511,974
    $1,409,194
    $1,921,168

    Comparable in this City

    • Value Estimation
      $890,000
      5,000 SF

      2477 Bruce B Downs Blvd

      MEDICAL BUILDING • 5,000 SF
      2477 Bruce B Downs Blvd, Wesley Chapel, FL 33544-9213
      View Details
    • Value Estimation
      $945,000
      5,250 SF

      1127 Bruce B Downs Blvd

      MEDICAL BUILDING • 5,250 SF
      1127 Bruce B Downs Blvd, Wesley Chapel, FL 33544-9208
      View Details
    • Value Estimation
      $600,000
      4,000 SF

      26830 Ridgebrook Dr

      MEDICAL BUILDING • 4,000 SF
      26830 Ridgebrook Dr, Wesley Chapel, FL 33544-6464
      View Details
    • Value Estimation
      $615,000
      4,000 SF

      3814 Turman Loop

      MEDICAL BUILDING • 4,000 SF
      3814 Turman Loop, Wesley Chapel, FL 33544-7799
      View Details
    • Value Estimation by Request
      750 SF

      2237 12th Oaks Way, Unit 101

      MEDICAL BUILDING • 750 SF
      2237 12th Oaks Way, Wesley Chapel, FL 33544-6983
      View Details
    • Value Estimation by Request
      1,500 SF

      26853 Foggy Crk Rd Ste, Unit 101

      MEDICAL BUILDING • 1,500 SF
      26853 Foggy Crk Rd Ste, Wesley Chapel, FL 33544-6777
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.95 Acres

      Wesley Chapel Office Land - 6.95 Acres

      Five buildable office pads, 3,500-13,720 sq ft.
      6225 Old Pasco Rd, Zephyrhills, FL 33544
      View Details
    • $1,350,000
      4,000 SF

      Professional Office Building in Redfern Park

      Two-unit office building near hospitals and residential developments.
      3717 Turman Loop, Wesley Chapel, FL 33544
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    • Contact for pricing
      36.33 Acres

      Wesley Chapel C-3 Commercial Land

      36 Acres, SR 54, High Visibility
      0 Sr 54, Wesley Chapel, FL 33544
      View Details
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      Wesley Chapel Commercial Land

      18,000 SF prime development site
      6117 Wesley Grove Blvd, Wesley Chapel, FL 33544
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    • Contact for pricing
      5.69 Acres

      Wesley Chapel Commercial Land

      5.69 Acres, Prime Location, High Growth
      7609 Old Pasco Rd, Wesley Chapel, FL 33544
      View Details
    • $93,900
      0.68 Acres

      Expansive Lot in Quail Hollow

      Nearly three-quarters acre lot in sought-after Wesley Chapel.
      6760 Quail Hollow Blvd, Wesley Chapel, FL 33544
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      80,544 SF

      Wesley Chapel Medical Office Space

      Class A Medical Office Suites Available
      4503 Bruce B Downs Blvd, Wesley Chapel, FL 33544
      View Details
    • $10,200 /Mo

      Salon Suites in Wesley Chapel

      Salon suites available for rent in a prime location.
      27453 Cashford Cir, Wesley Chapel, FL 33544
      View Details
    • $850 /Mo
      150 SF

      Wesley Chapel Executive Office Suites

      Executive office suites for lease in Wesley Chapel, Florida.
      3742 Turman Loop, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing

      Retail Space in Wesley Chapel

      Retail space for lease in a new Wesley Chapel development.
      Bruce B Downs Blvd & Aronwood Blvd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Available For Lease

      12,000 square feet of retail space for lease.
      Old Pasco Rd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing
      1,567 SF

      Retail Space in High-Traffic Center

      Retail space available in a busy, shadow-anchored power center.
      1219-1321 Bruce B Downs Blvd, Wesley Chapel, FL 33544
      View Details
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    Wesley Chapel, FL 33544-6787
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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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