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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
33845 State Rd 54 Wesley Chapel, FL 33543-9175
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-0355772
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
4,625 SF
Lot
0.11 ac (4,730 SF)
Zoning code
0PO2
APN
13-26-20-0000-00700-0050
UPID
US18-0355772
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
$510k
Comparable Approach
Comparable
$655k
Blend (final)
Blend
$595k
Owner & transaction history
Pasco Cnty · 9 yrs held
Pasco Cnty
since 2016
3 recorded transactions
Zoning & alternative use
0PO2 · Wesley Chapel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$975,000
+42.3%
Commercial (general)
$810,000
+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%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
MEDICAL BUILDING
$975,000
Change: +42% · Conversion: Easy
COMMERCIAL (GENERAL)
$810,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$640,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$129 / 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
Assessed value
$356,357
Assessed 2023
Previous assessed
$340,786
+4.6% YoY
Assessed land
$118,250
Assessed improvement
$238,107
Land market value
$118,250
Improvement market value
$238,107
Total market value
$356,357
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
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
76
Bathrooms
3
Total area
4,625 SF
Lot
0.11 ac (4,730 SF)
Zoning code
0PO2
APN
13-26-20-0000-00700-0050
UPID
US18-0355772
Jurisdiction
PASCO
Zoning & alternative use
0PO2 · Wesley Chapel, FL
Zoning 0PO2 · permitted uses
0PO2 · 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
$685,000
MEDICAL BUILDING
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$640,000
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
76
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Pasco Cnty
Individual
Free & Clear · 9 yrs held
Mailing address
7220 OSTEEN RD, NEW PORT RICHEY, FL 34653-2359
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
Nov 10, 2016
$420,000
Pasco Cnty
Pilot Bk
Warranty Deed
—
May 18, 2011
$536,192
Bk Pilot
Patel Mohan Trust
Grant Deed
—
Jan 22, 2007
$329,369
Patel Mohan Trust
Waterford Const & Dev Co INC
Warranty Deed
$579,491 · Pilot Bank
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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