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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Medical Office Space
2324 Oak Myrtle Ln Wesley Chapel, FL 33544-6319
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6068383
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
11,728 SF
Lot
1.56 ac (67,954 SF)
Zoning code
MPUD
APN
26-26-19-0000-01300-0070
UPID
US18-6068383
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
$1.67M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.80M
Owner & transaction history
Wesley Chapel 2324 Mp Rk6 LLC · 2 yrs held
Wesley Chapel 2324 Mp Rk6 LLC
since 2024
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,805,000
6.5%
$1,665,000
7%
$1,545,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,815,000
Current use
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$153 / 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
$45,027
Tax year 2023
Assessed value
$3,053,429
Assessed 2023
Previous assessed
$3,053,429
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$876,640
Assessed improvement
$2,176,789
Land market value
$876,640
Improvement market value
$2,176,789
Total market value
$3,053,429
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
2008
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Units
217
Bathrooms
7
Total area
11,728 SF
Lot
1.56 ac (67,954 SF)
Zoning code
MPUD
APN
26-26-19-0000-01300-0070
UPID
US18-6068383
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
$2.8M
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
217
Bathrooms
7
Lot
1.56 ac
Current owner
From public records · entity-resolved
Wesley Chapel 2324 Mp Rk6 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
Wesley Chapel 2324 Mp Rk6 LLC
Broadstone Tr Florida LLC
Re-recorded Document
related
—
Apr 18, 2024
—
Wesley Chapel 2324 Mp Rk6 LLC
Broadstoen Tr Florida LLC
Special Warranty Deed
$175,605,000 · Bmo Bank NA
Jan 28, 2011
$3,196,800
Broadstone Trust Florida LLC
Newrads Properties LLC
Grant Deed
—
Mar 4, 2009
$3,187,200
Newrads Properties LLC
Rads Properties INC
Special Warranty Deed
$2,600,000 · Suntrust Bank
May 8, 2007
$829,000
Rads Properties INC
New Tampa Investment Group LLC
Warranty Deed
$750,000 · Bank Of Tampa
May 5, 2005
$460,000
New Tampa Investment Group LLC
Blanchard,g R
Grant Deed
$368,000 · Rbc Centura Bank
—
—
Rads Properties INC
—
Deed Of Trust
related
$1,426,000 · Bank Of Tampa
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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