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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Office Spaces
253 Pne N Ave 253 Oldsmar, FL 34677-4630
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2597324
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2003
Construction
WOOD FRAME
Total area
3,824 SF
APN
14-28-16-20191-000-2530
UPID
US18-2597324
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
-
Launch Pad Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Extensys IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Hobson Law Firm Law Firm
-
Dr. Nicholas Thomas Physician
-
Walesby Vision Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$845k
Owner & transaction history
Mason Property Enterprises INC · 3 yrs held
Mason Property Enterprises INC
since 2023
Last sale
$895,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+41.3%
Retail stores
$845,000
+12.3%
Warehouse, storage
$825,000
+9.7%
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
$780,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$750,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,060,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$825,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $895k (Jul 6 2023)
Last sale anchor
$895k
Jul 6 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
$221 / 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
$9,915
Tax year 2023
Assessed value
$615,000
Assessed 2023
Previous assessed
$555,000
+10.8% YoY
Effective rate
1.61%
On assessed value
Improvement market value
$615,000
Total market value
$615,000
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
2003
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
3,824 SF
APN
14-28-16-20191-000-2530
UPID
US18-2597324
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
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$825,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Current owner
From public records · entity-resolved
Mason Property Enterprises INC
Entity
Mailing address
253 PNE AVE N253A, OLDSMAR, FL 34677-4630
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 6, 2023
$895,000
Mason Property Enterprises INC
Acp Capital Properties LLC
Warranty Deed
$805,500 · First Citizens Bank & Trust Co
Dec 21, 2018
—
Acp Capital Properties LLC
—
Deed
related
$987,000 · Suntrust Bank
May 3, 2016
—
Acp Capital Properties LLC
—
Deed
related
$768,796 · Suntrust Bk
Apr 3, 2009
$525,000
Acp Capital Properties LLC
Blue Heron LLC
Special Warranty Deed
$531,250 · Wachovia Bank NA
—
—
Acp Capital Properties LLC
—
Loan Modification
related
$768,796 · Suntrust Bk
—
—
Acp Capital Properties LLC
—
Deed Of Trust
related
$900,000 · Suntrust Bk/chattanooga
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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