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Property profile & analytics
OFF-MARKET
Estimated value
$5,855,000
Retail properties & Spaces
27358 Centerline Dr Wesley Chapel, FL 33544-1532
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6714694
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2019
Total area
16,830 SF
Lot
2.38 ac (103,492 SF)
Zoning code
MPUD
APN
12-26-19-0030-00000-00A7
UPID
US18-6714694
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
$5.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.86M
Owner & transaction history
Pilgrin Enterprises LP · 2 yrs held
Pilgrin Enterprises LP
since 2024
Last sale
$5.9M
5 recorded transactions
Zoning & alternative use
MPUD · Wesley Chapel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+118.8%
Medical building
$4.0M
+3.7%
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 Wesley Chapel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wesley Chapel 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
$5,855,000
ML approach
$5,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$3,895,000
Current use
RESTAURANT
$8,520,000
Change: +119% · Conversion: Difficult
MEDICAL BUILDING
$4,040,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$5.86M
Range $5.27M – $6.44M · ±10% · vs last sale $5.85M (Jun 4 2024)
Last sale anchor
$5.85M
Jun 4 2024
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
$348 / 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
$31,443
Tax year 2023
Assessed value
$1,826,106
Assessed 2023
Previous assessed
$1,826,106
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$852,572
Assessed improvement
$973,534
Land market value
$852,572
Improvement market value
$973,534
Total market value
$1,826,106
Applied tax rate
3,600.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
2584
Bathrooms
4
Total area
16,830 SF
Lot
2.38 ac (103,492 SF)
Zoning code
MPUD
APN
12-26-19-0030-00000-00A7
UPID
US18-6714694
Jurisdiction
PASCO
Zoning & alternative use
MPUD · Wesley Chapel, FL
Zoning MPUD · permitted uses
MPUD · Wesley Chapel, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wesley Chapel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$3.9M
RESTAURANT
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$4.0M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RESTAURANT
MEDICAL BUILDING
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2584
Bathrooms
4
Lot
2.38 ac
Current owner
From public records · entity-resolved
Pilgrin Enterprises LP
Entity
Free & Clear · 2 yrs held
Mailing address
650 MYSTIC LN, SACRAMENTO, CA 95864-7268
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$5,854,500
Pilgrin Enterprises LP
1135 Bronx River Ave Corp
Special Warranty Deed
—
Mar 25, 2020
$6,315,300
1135 Bronx River Ave Corp
Vrd At Wesley Chapel LLC
Special Warranty Deed
$8,000,000 · Ocean Bank
Mar 25, 2020
—
1135 Bronx River Ave Corp
—
Deed
related
$3,850,000 · Ocean Bk
Dec 26, 2018
$1,500,000
Vrd At Wesley Chapel LLC
Castle Crest Land Dev LLC
Grant Deed
—
—
—
1135 Bronx River Ave Corp
—
Deed Of Trust
related
$3,850,000 · Ocean Bk
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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