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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    34498 Cortez Blvd Dade City, FL 33523-8908

    • Office buildings
    • 6,528 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3724639
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr’s Choice Vista Clinical / Paternity Testing Service / Blood Testing Service
    • Ridge Manor Medical Clinic / Medical Clinic / Doctor
    • Dr. Juan Lopez Gonzalez / General Practitioner / Practitioner Service Location
    • Dr. Mahmud U. Ahmed, MD / Internist

    Property Details for 34498 Cortez Blvd

    Year built
    1965
    Construction
    CONCRETE BLOCKS
    Lot size
    0.80 lot acres
    Property size
    6,528 SF
    Property type
    Office buildings
    APN
    R11-423-21-0000-0130-0000
    APU
    R1142321000001300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $608,000
      Market price range: $469k - $1.12M
      AI Estimate
      $656,000
      Market price range: $452k - $1.17M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $785,000
      Current use
      RETAIL STORES
      $1,040,000
      Change: +33% Conversion: Moderate
      MEDICAL BUILDING
      $885,000
      Change: +12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Hernando
    State
    Florida
    Longitude
    -82.1712
    Latitude
    28.5072
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,099
    $269,881
    $0.00
    $269,881
    -
    $89,074
    $180,807
    $269,881

    Comparable in this City

    • Value Estimation by Request
      1,788 SF

      14514 5th St

      OFFICE BUILDING • 1,788 SF
      14514 5th St, Dade City, FL 33523
      View Details
    • Value Estimation by Request
      1,088 SF

      33275 Cortez Blvd

      PROFESSIONAL BUILDING • 1,088 SF
      33275 Cortez Blvd, Dade City, FL 33523-9008
      View Details
    • Value Estimation
      $805,000
      5,820 SF

      18724 Hancock Farm Rd

      OFFICE BUILDING • 5,820 SF
      18724 Hancock Farm Rd, Dade City, FL 33523-0677
      View Details
    • Value Estimation by Request
      1,300 SF

      37927 Live Oak Ave

      OFFICE BUILDING • 1,300 SF
      37927 Live Oak Ave, Dade City, FL 33523-3812
      View Details
    • Value Estimation by Request
      2,809 SF

      15029 Polk Ave

      OFFICE BUILDING • 2,809 SF
      15029 Polk Ave, Dade City, FL 33523-2550
      View Details
    • Value Estimation
      $955,000
      7,442 SF

      15029 14th St

      OFFICE BUILDING • 7,442 SF
      15029 14th St, Dade City, FL 33523-2504
      View Details

    Similar Nearby for Sale

    • $1,499,000

      Dade City Bank Branch Building

      Two-story office and retail bank branch building for sale.
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    • $1,299,000

      Dade City Warehouse with Office

      Corner lot warehouse with office space, built in 2024/2025.
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    • $1,275,000
      3,312 SF

      Historic Dade City Dual-Zoned Property

      Unique, renovated 1892 property in downtown Dade City.
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    • $200,000
      3.80 Acres

      3.8 Acres Dade City Land

      Prime Vacant Land, 3.8 Acres, $200,000
      34167 Belt Dr, Dade City, FL 33523
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    • $46,000
      1.50 Acres

      Ridge Manor Land For Sale

      1.5 acre lot in Ridge Manor, Florida, ready for development.
      Harmony Dr, Dade City, FL 33523
      View Details
    • $45,000
      0.23 Acres

      Land in Dade City, Florida

      Two lots in a peaceful, country setting near outdoor activities.
      21513 Durden Rd, Dade City, FL 33523
      View Details

    Similar Nearby for Lease

    • $159,511

      Renovated Office Space on Hwy 301

      Newly renovated office space with flexible build-outs in Dade City.
      15552 Us Highway 301, Dade City, FL 33523
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    • $12,000 /Mo

      Dade City Retail/Office Space

      Retail or office space available for lease in Dade City.
      14427 7Th St, Dade City, FL 33523
      View Details
    • Contact for pricing
      43,098 SF

      Dade City Industrial Property

      Industrial property with on-site water treatment and deep water wells.
      15134 Citrus Country Dr, Dade City, FL 33523
      View Details
    • Contact for pricing
      15,440 SF

      Dade City Warehouse with Water

      15,440 SF warehouse with water treatment facility for rent.
      37824 Vitality Way, Dade City, FL 33523
      View Details
    • Contact for pricing
      1,000,000 SF

      Dade City Industrial Center

      1M SF Distribution/Flex Space, 11 Units
      15486 Us Highway 301, Dade City, FL 33523
      View Details
    • Contact for pricing
      1,000,000 SF

      Dade City Industrial Space Available

      Over 1 million SF of industrial space for lease.
      15486 S 301, Dade City, FL 33523
      View Details
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    34498 Cortez Blvd
    Dade City, FL 33523-8908
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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