Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2623 Grand Blvd Holiday, FL 34690-3002

    • Distribution centers
    • 11,001 SF
    • 4.40 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2023
    $4,900,000
    Value Estimations
    $4,875,000
    Show details
    Cap Rate Potential
    2.2%
    Distribution centers
    Location Intelligence
    Property ID
    US18-1112743
    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

    • Distribution centers

    Property Details for 2623 Grand Blvd

    Year built
    1989
    Lot size
    4.40 lot acres
    Property size
    11,001 SF
    Zone code
    00I1
    Property type
    Distribution centers
    APN
    29-26-16-0010-02800-0010
    APU
    2926160010028000010

    Description

    This exceptional industrial property, known as Central Storage, presents a compelling investment opportunity. Situated in Holiday, Florida, this expansive industrial park boasts a total of 43,081 square feet across three single-story buildings, offering significant potential for various industrial uses. The property sits on a substantial 4.4 acres of land and features convenient access via two drive-in doors. Currently, one warehouse space of 3,690 square feet is available for lease. Built in 1989, the property is zoned I1 & C3, providing flexibility for a range of businesses. Its strategic location in Pasco County offers easy access to Pinellas County and surrounding areas, making it an ideal distribution hub. The property's address is 2623 Grand Blvd, Holiday, FL. The property's parcel number is 29-26-16-0010-02800-0010. An additional 15,500 square feet is also available, though details are not provided. This property is well-suited for businesses seeking a versatile and strategically located warehouse or distribution center in a thriving area. The property's size and zoning offer significant potential for expansion or modification to meet specific business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,975,000
      ML approach
      $4,715,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Holiday
    County
    Pasco
    State
    Florida
    Longitude
    -82.7243
    Latitude
    28.1974
    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
    $30,592
    $224,523
    $1,373,008
    $1,597,531
    -
    $224,523
    $1,373,008
    $1,597,531

    Comparable in this City

    • Value Estimation by Request
      3,690 SF

      3238 Madison St

      DISTRIBUTION WAREHOUSE • 3,690 SF
      3238 Madison St, Holiday, FL 34690
      View Details
    • Value Estimation by Request
      25,538 SF

      4637 Panorama Ave

      Distribution properties • 25,538 SF
      4637 Panorama Ave, Holiday, FL 34690
      View Details
    • Value Estimation
      $930,000
      9,770 SF

      2145 Calusa Trl

      DISTRIBUTION WAREHOUSE • 9,770 SF
      2145 Calusa Trl, Holiday, FL 34690-4326
      View Details
    • Value Estimation by Request
      4,800 SF

      2150 Grand Blvd

      DISTRIBUTION WAREHOUSE • 4,800 SF
      2150 Grand Blvd, Holiday, FL 34690-4560
      View Details
    • Value Estimation by Request
      2,610 SF

      4544 Bartelt Rd

      DISTRIBUTION WAREHOUSE • 2,610 SF
      4544 Bartelt Rd, Holiday, FL 34690-5532
      View Details
    • Value Estimation by Request
      2,184 SF

      5026 Mile Stretch Dr

      DISTRIBUTION WAREHOUSE • 2,184 SF
      5026 Mile Stretch Dr, Holiday, FL 34690-4467
      View Details

    Similar Nearby for Sale

    • $750,000

      Assembly Hall on 5.75 Acres

      Exceptional opportunity for assembly hall, church, school, or multifamily property.
      4807 Mile Stetch Dr, Holiday, FL 34690
      View Details
    • $2,700,000

      Commercial Land for Sale

      Commercial land available for sale.
      2119 Grand Blvd, Holiday, FL 34690
      View Details
    • $300,000
      0.21 Acres

      Waterfront Lot Ready to Build

      Rare waterfront lot with seawall, survey, and soil test.
      Flotilla Dr, Holiday, FL 34690
      View Details
    • $350,000
      Pending

      Remodeled Triplex Near New Port Richey

      Income-producing triplex or duplex near dining, shopping, and recreation.
      1818 Hacienda Way, Holiday, FL 34690
      View Details
    • Contact for pricing
      0.13 Acres

      Land in Holiday, Florida

      Vacant lot available in Holiday, Pasco County, Florida.
      4807 Ann Dr, Holiday, FL 34690
      View Details
    • $675,000
      5,040 SF

      Holiday Mixed-Use Commercial Building

      Large building, ample parking, multiple uses.
      5730 Elena Dr, Holiday, FL 34690
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      2,568 SF

      Holiday Restaurant Space - Great Deal!

      Prime US19 location, 2,568 sq ft, incentives offered.
      4607 Mile Stretch Dr, Holiday, FL 34690
      View Details
    • Contact for pricing

      Retail Space in Publix Anchored Center

      Retail space available in a busy, anchored shopping center.
      4649 Sunray Dr, Holiday, FL 34690
      View Details
    • $15,600 /Mo

      Retail Space on Grand Blvd

      800 sq ft retail space for lease on Grand Blvd.
      3420 Grand Blvd, Holiday, FL 34690
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2623 Grand Blvd
    Holiday, FL 34690-3002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.