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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Distribution centers
2623 Grand Blvd Holiday, FL 34690-3002
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1112743
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Total area
11,001 SF
Lot
4.4 ac (191,871 SF)
Zoning code
00I1
APN
29-26-16-0010-02800-0010
UPID
US18-1112743
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
$4.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.88M
Owner & transaction history
Central Warehouse LLC · 2 yrs held
Central Warehouse LLC
since 2023
Last sale
$4.9M
4 recorded transactions
Zoning & alternative use
00I1 · Holiday, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+265.5%
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 Holiday submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holiday 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
$4,975,000
ML approach
$4,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,570,000
Change: +266% · Conversion: Difficult
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $4.90M (Nov 17 2023)
Last sale anchor
$4.90M
Nov 17 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
$443 / 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
$30,592
Tax year 2023
Assessed value
$1,597,531
Assessed 2023
Previous assessed
$1,536,875
+3.9% YoY
Effective rate
1.91%
On assessed value
Assessed land
$224,523
Assessed improvement
$1,373,008
Land market value
$224,523
Improvement market value
$1,373,008
Total market value
$1,597,531
Applied tax rate
9,100.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Units
160
Bathrooms
34
Total area
11,001 SF
Lot
4.4 ac (191,871 SF)
Zoning code
00I1
APN
29-26-16-0010-02800-0010
UPID
US18-1112743
Jurisdiction
PASCO
Zoning & alternative use
00I1 · Holiday, FL
Zoning 00I1 · permitted uses
00I1 · Holiday, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holiday. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.6M
RESTAURANT
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
1989
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
160
Bathrooms
34
Lot
4.4 ac
Current owner
From public records · entity-resolved
Central Warehouse LLC
Entity
Mailing address
10856 ALICO PASS, NEW PORT RICHEY, FL 34655-4378
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2023
$4,900,000
Central Warehouse LLC
John E Montana
Warranty Deed
—
Sep 8, 2022
$1,800,000
John E Montana
Anthony Saravanos
Warranty Deed
—
Aug 19, 2004
$1,758,000
John E Montana
Gilmore Carl E
Warranty Deed
$1,125,000 · Gilmore Carl E (te)
—
—
John E Montana
—
Deed Of Trust
related
$1,968,000 · Mercantile Bank
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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