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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office Spaces
300 State St E Ste 103 Oldsmar, FL 34677-3703
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5248557
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2008
Construction
WOOD FRAME
Total area
2,205 SF
Lot
0.05 ac (2,184 SF)
APN
24-28-16-63922-000-1030
UPID
US18-5248557
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
$560k
Comparable Approach
Comparable
$373k
Blend (final)
Blend
$525k
Owner & transaction history
Lmc Commercial Real Estate LLC · 2 yrs held
Lmc Commercial Real Estate LLC
since 2023
Last sale
$539,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$610,000
+41.3%
Retail stores
$485,000
+12.3%
Warehouse, storage
$475,000
+9.7%
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 Oldsmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oldsmar 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
$470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$435,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$475,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $539k (Dec 11 2023)
Last sale anchor
$539k
Dec 11 2023
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
$238 / 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
$4,164
Tax year 2023
Assessed value
$291,000
Assessed 2023
Previous assessed
$192,500
+51.2% YoY
Effective rate
1.43%
On assessed value
Improvement market value
$291,000
Total market value
$291,000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,205 SF
Lot
0.05 ac (2,184 SF)
APN
24-28-16-63922-000-1030
UPID
US18-5248557
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$435,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
RETAIL STORES
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$475,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Lmc Commercial Real Estate LLC
Entity
Mailing address
444 CHELSEA PL AVE, ORMOND BEACH, FL 32174-0686
Ownership since
2023
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
Dec 11, 2023
$539,000
Lmc Commercial Real Estate LLC
Jericho 1 LLC
Warranty Deed
$431,200 · Barwick Banking Co
May 30, 2014
$1,300,000
Jericho 1 LLC
Branch Banking & Trust Company
Special Warranty Deed
$700,000 · Wells Fargo Bank NA
—
—
Jericho 1 LLC
—
Loan Modification
related
$700,000 · Wells Fargo 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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