Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Hotels
2740 Cypress Rdg Blvd Wesley Chapel, FL 33544-6300
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3912719
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Total area
58,189 SF
Lot
2.33 ac (101,440 SF)
Zoning code
MPUD
APN
26-26-19-0000-00100-0100
UPID
US18-3912719
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
by Request
CAP Approach
CAP
$5.74M
Comparable Approach
Comparable
$6.79M
Blend (final)
Blend
$6.27M
Owner & transaction history
SR Florida LLC · 10 yrs held
SR Florida LLC
since 2016
3 recorded transactions
Zoning & alternative use
MPUD · Wesley Chapel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+75.9%
Office building
$8.1M
+49.5%
Medical building
$7.3M
+34.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,220,000
6.5%
$5,740,000
7%
$5,330,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,405,000
Current use
AUTO REPAIR, GARAGE
$9,510,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$8,080,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$7,275,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,070,000
Change: +31% · Conversion: Difficult
RESTAURANT
$6,375,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$4,465,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±10%
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
$108 / 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
$108,870
Tax year 2023
Assessed value
$6,362,624
Assessed 2023
Previous assessed
$6,057,204
+5.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,194,340
Assessed improvement
$5,168,284
Land market value
$1,194,340
Improvement market value
$5,168,284
Total market value
$6,362,624
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
5
Units
94
Bathrooms
20
Total area
58,189 SF
Lot
2.33 ac (101,440 SF)
Zoning code
MPUD
APN
26-26-19-0000-00100-0100
UPID
US18-3912719
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
HOTEL/MOTEL Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.3M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
RESTAURANT
Est. value
$6.4M
RETAIL STORES
Est. value
$4.5M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
94
Bathrooms
20
Lot
2.33 ac
Current owner
From public records · entity-resolved
SR Florida LLC
Entity
Mailing address
2001 CROCKER RD STE #300, WESTLAKE, OH 44145-1954
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
Twc Bay LLC
—
Deed
related
$9,350,000 · First Bank
Jun 27, 2016
$9,750,000
SR Florida LLC
New Tampa Suites LLC
Special Warranty Deed
$11,625,000 · Wells Fargo Bank NA
—
—
New Tampa Suites LLC
—
Deed Of Trust
related
$9,590,000 · Bank Of Florida Tampa Bay
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2740 Cypress Rdg Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
