26823 Tanic Dr Wesley Chapel, FL 33544-4605
Entity Owned
1-yr Hold
Free & Clear
Estimated value (blended)
$965k
Range $869k – $1.06M (±10%)
Implied cap rate
2.90%
In-place · NOI ÷ last sale
Property ID
US18-3232622
Property summary
AI-generated overview
This exceptional 3,000-square-foot free-standing medical office building presents a fantastic investment opportunity in the thriving Wesley Chapel market. Built in 2007, the single-tenant property boasts a functional layout perfectly suited for medical practices. The space includes a welcoming reception area with check-in/check-out capabilities, a spacious waiting room, eight exam rooms, two private offices, a dedicated business office/staff work area, a convenient breakroom, and a lab. Large windows provide ample natural light, and the building enjoys a serene setting with a pond view. Ample parking is readily available, ensuring convenient access for patients and staff. Its strategic location offers unparalleled accessibility, situated less than five miles from AdventHealth and BayCare Hospital. The property is conveniently located one mile east of I-75 and 1.5 miles west of Bruce B. Downs Blvd., on the north side of SR 56 within the Cypress Glen Professional Park. The property's zoning is MPUD (Pasco County APN: 26-26-19-0050-00000-0160). The entire 3,000 square feet is currently vacant, providing immediate occupancy for a new owner or tenant. This turnkey property is ready for immediate use and represents a rare opportunity in a high-demand area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
2,992 SF
Lot
0.07 ac (3,075 SF)
Zoning code
MPUD
APN
26-26-19-0050-00000-0160
UPID
US18-3232622
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$965k
Owner & transaction history
since 2024
Last sale
$965,000
5 recorded transactions
Zoning & alternative use
MPUD · Wesley Chapel, FL
Top alternative use upside
Retail stores
$755,000
+4.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$965k
Value range
$869k – $1.06M
±10% around blend
Estimated value / SF
$323 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
$869k
blend $965k
$1.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,992 SF
Lot area
0.07 ac
Year built
2007
Stories
1
APN
26-26-19-0050-00000-0160
Assessed value
$631,104
Annual tax
$10,117
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$904k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.8 mi away · 3,000 SF
16.3 mi away · 2,640 SF
18.2 mi away · 3,484 SF
18.5 mi away · 2,768 SF
19.8 mi away · 3,060 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$965k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$240
+34%
County 194 sales
$216
+49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $323/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+5%
vs current-use indication
Medical Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
2.90%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$68k *
Last sale · Dec 2024
$965k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.33M
Move the market yield to see immediate price impact.
Value / SF
$779
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.40%2.90%3.40%
$61k
$2.53M
$2.10M
$1.79M
$68k
$2.81M
$2.33M
$1.99M
$74k
$3.10M
$2.56M
$2.19M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.15M
0.1 mi · Mar 2026 · $331/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,117
Tax year 2023
Assessed value
$631,104
Assessed 2023
Previous assessed
$607,471
+3.9% YoY
Effective rate
1.60%
On assessed value
Assessed land
$207,563
Assessed improvement
$423,541
Land market value
$207,563
Improvement market value
$423,541
Total market value
$631,104
Applied tax rate
3,600.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
64
Bathrooms
3
Total area
2,992 SF
Lot
0.07 ac (3,075 SF)
Zoning code
MPUD
APN
26-26-19-0050-00000-0160
UPID
US18-3232622
Jurisdiction
PASCO
Zoning & alternative use
MPUD · Wesley Chapel, FLZoning MPUD · permitted uses
MPUD · Wesley Chapel, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
64
Bathrooms
3
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MPUD
Jurisdiction
Wesley Chapel, FL
Recorded code
MPUD
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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