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Property profile & analytics
OFF-MARKET
Estimated value
$11,870,000
Medical Office Space
2352 Bruce B Downs Blvd Wesley Chapel, FL 33544-9203
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8197784
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
83,294 SF
Lot
7.68 ac (334,377 SF)
Zoning code
MPUD
APN
30-26-20-0020-00000-0050
UPID
US18-8197784
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
$11.82M
Comparable Approach
Comparable
$15.48M
Blend (final)
Blend
$11.87M
Owner & transaction history
2352 Bruce B Downs Blvd LLC · 5 yrs held
2352 Bruce B Downs Blvd LLC
since 2020
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,805,000
6.5%
$11,820,000
7%
$10,975,000
Blend value · Realmo final
$11.87M
Range $10.68M – $13.06M · ±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
$143 / 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
$253,238
Tax year 2023
Assessed value
$14,660,842
Assessed 2023
Previous assessed
$14,660,842
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$2,932,814
Assessed improvement
$11,728,028
Land market value
$2,932,814
Improvement market value
$11,728,028
Total market value
$14,660,842
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
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
5293
Bathrooms
15
Total area
83,294 SF
Lot
7.68 ac (334,377 SF)
Zoning code
MPUD
APN
30-26-20-0020-00000-0050
UPID
US18-8197784
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.
Building & site characteristics
From public records
Year built
2016
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
5293
Bathrooms
15
Lot
7.68 ac
Current owner
From public records · entity-resolved
2352 Bruce B Downs Blvd LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 2, 2020
$40,000,000
2352 Bruce B Downs Blvd LLC
Welltower INC
Special Warranty Deed
$210,779,000 · Capital One Bank NA
Jul 27, 2019
$100
Don Pond LLC
Welltower INC
Quit Claim Deed
related
—
Apr 2, 2018
$26,205,500
Welltower INC
Fmc Wiregrass LLC
Grant Deed
—
Dec 29, 2017
—
Fmc Wiregrass LLC
—
Loan Modification
related
$16,000,000 · Suntrust Bk
Nov 4, 2013
$1,280,000
Lismark Holdings LLC
Wiregrass Ranch INC
Grant Deed
related
$960,000 · Usameribank
Nov 4, 2013
$4,000,000
Fmc Wiregrass LLC
Wiregrass Ranch INC
Grant 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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