Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Office buildings
2818 Cypress Rdg Blvd Wesley Chapel, FL 33544-6305
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-5101696
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Total area
45,712 SF
Lot
3.42 ac (148,964 SF)
Zoning code
MPUD
APN
26-26-19-0000-00100-0130
UPID
US18-5101696
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
$5.06M
Comparable Approach
Comparable
$8.19M
Blend (final)
Blend
$6.98M
Owner & transaction history
Suntrust Bk · 13 yrs held
Suntrust Bk
since 2013
6 recorded transactions
Zoning & alternative use
MPUD · Wesley Chapel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.0M
+62.3%
Commercial (general)
$8.0M
+18.2%
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%
$5,485,000
6.5%
$5,060,000
7%
$4,700,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,760,000
Current use
MEDICAL BUILDING
$10,970,000
Change: +62% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,990,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$6,330,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±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
$153 / 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
$77,951
Tax year 2023
Assessed value
$4,455,341
Assessed 2023
Previous assessed
$4,043,415
+10.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$1,598,294
Assessed improvement
$2,857,047
Land market value
$1,598,294
Improvement market value
$2,857,047
Total market value
$4,455,341
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
2
Units
384
Bathrooms
2
Total area
45,712 SF
Lot
3.42 ac (148,964 SF)
Zoning code
MPUD
APN
26-26-19-0000-00100-0130
UPID
US18-5101696
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
OFFICE BUILDING Current
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$8.0M
WAREHOUSE, STORAGE
Est. value
$6.3M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2
Buildings
1
Units
384
Bathrooms
2
Lot
3.42 ac
Current owner
From public records · entity-resolved
Suntrust Bk
Individual
Mailing address
2818 CYPRESS RDG BLVD STE #200, WESLEY CHAPEL, FL 33544-6307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
Acp Capital Properties LLC
—
Deed
related
$11,900 · Truist Bank
Sep 9, 2019
—
Gold Coast Premier Prop Ix LLC
—
Grant Deed
related
$8,420,000 · Apollo Bk
Apr 23, 2013
—
Acp Capital Properties LLC
—
Deed Of Trust
related
$1,968,000 · Suntrust Bank NA
Apr 18, 2013
$2,460,000
Suntrust Bk
Acp Capital Properties LLC
Grant Deed
related
—
—
—
Acp Capital Properties LLC
—
Deed Of Trust
related
$2,460,000 · Suntrust Bank NA
—
—
Acp Capital Properties LLC
—
Deed Of Trust
related
$7,000,000 · Wachovia Bank NA
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 2818 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.
