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Property profile & analytics
OFF-MARKET
Medical Office Space
29154 Chapel Park Dr, Wesley Chapel, FL 33543-4404
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US19-0028185
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
1,350 SF
Lot
0.04 ac (1,530 SF)
Zoning code
00C1
APN
08-26-20-0000-01500-0034
UPID
US19-0028185
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Schmied Properties LLC · 7 yrs held
Schmied Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
00C1 · Wesley Chapel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,689
Tax year 2023
Assessed value
$286,325
Assessed 2023
Previous assessed
$275,924
+3.8% YoY
Effective rate
1.64%
On assessed value
Assessed land
$103,275
Assessed improvement
$183,050
Land market value
$103,275
Improvement market value
$183,050
Total market value
$286,325
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
180
Bathrooms
1
Total area
1,350 SF
Lot
0.04 ac (1,530 SF)
Zoning code
00C1
APN
08-26-20-0000-01500-0034
UPID
US19-0028185
Jurisdiction
PASCO
Zoning & alternative use
00C1 · Wesley Chapel, FL
Zoning 00C1 · permitted uses
00C1 · 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.
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
180
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Schmied Properties LLC
Entity
Mailing address
PO BOX 7482, WESLEY CHAPEL, FL 33545-0108
Ownership since
2019
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
Feb 11, 2019
$268,000
Schmied Properties LLC
Peggy J Sterling
Warranty Deed
$456,000 · Centerstate Bank Of Florida NA
Mar 15, 2017
—
Sterling,peggy J Trust
Peggy J Sterling Od Pa
Quit Claim Deed
related
—
Jan 23, 2008
$285,735
Peggy J Sterling O D Pa
The Calvary Corp
Corporation Deed
$228,588 · Suntrust Bank
Dec 6, 2007
$248,000
Calvary Corp
Chamberlain Living Trust
Warranty Deed
$225,000 · Bay Cities Bank
Aug 9, 2005
$215,940
Reginald B Chamberlain
Erick David Land Corp
Warranty Deed
$172,800 · 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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