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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Office Spaces
250 Pne N Ave Oldsmar, FL 34677-4678
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8847522
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Construction
WOOD FRAME
Total area
6,000 SF
APN
14-28-16-20228-000-2500
UPID
US18-8847522
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
-
Myrtle Avenue Pediatrics Oldsmar Physician
-
Dr. Kathryn M. Boreman, MD Pediatrician Medical Clinic
-
Karen Kelly, MD Pediatrician Medical Clinic
-
Dr. Kimberly P. Odom, MD Pediatrician Medical Clinic
-
Dr. Greg H. Savel, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.50M
Owner & transaction history
Florida Business Development Corpor · 3 yrs held
Florida Business Development Corpor
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+110.8%
Neighborhood: shopping center
$1.7M
+41.3%
Apartment house (5+ units)
$1.5M
+28.6%
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 Oldsmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oldsmar 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
$1,150,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,655,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,180,000
Current use
AUTO REPAIR, GARAGE
$2,485,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,665,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Change: +29% · Conversion: Easy
RETAIL STORES
$1,325,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,295,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.57M (Jun 20 2022)
Last sale anchor
$1.57M
Jun 20 2022
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
$250 / 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
$22,674
Tax year 2023
Assessed value
$1,300,000
Assessed 2023
Previous assessed
$860,000
+51.2% YoY
Effective rate
1.74%
On assessed value
Improvement market value
$1,300,000
Total market value
$1,300,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
6,000 SF
APN
14-28-16-20228-000-2500
UPID
US18-8847522
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
2005
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Current owner
From public records · entity-resolved
Florida Business Development Corpor
Entity
Mailing address
10403 DOUBLE BYU WAY, TAMPA, FL 33615-4250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Aug 29, 2022
—
Florida Business Development Corpor
250 Pine Ave LLC
Assignment Of Lease (leasehold Sale)
—
Jun 20, 2022
$1,570,000
250 Pine Ave LLC
Nightengale Properties LLC
Warranty Deed
$801,000 · Climate First Bank
Oct 16, 2008
$1,120,000
Nightengale Properties LLC
Fit Properties LLC
Warranty Deed
$896,000 · Old Harbor Bank
Apr 13, 2005
$740,100
Fit Properties LLC
Milford LLC
Grant Deed
$725,000 · First Kensington Bank
—
—
Fit Properties LLC
—
Deed Of Trust
related
$668,000 · Amsouth Bank
—
—
Fit Properties LLC
—
Deed Of Trust
related
$38,969 · J & M Trust (tr)
—
—
Fit Properties LLC
—
Deed Of Trust
related
$800,000 · Greenpoint Mortgage Funding
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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