Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
38030 Medical Center Ave Zephyrhills, FL 33540
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3843536
For Lease
1 / 44
$180,000
38030 Medical Center Ave, Zephyrhills, FL 33540
View Listing →
Property summary
AI-generated overview
This 1,080-square-foot medical office space, located in the Pasco Medical Arts Center, is available for lease. Completely renovated in 2024, the Class C building (built in 1985) features a waiting area, reception area with check-in/check-out windows, two bathrooms (one for staff, one for patients), three exam rooms with cabinetry and sinks (suitable for individual offices), a storage closet, and a rear staff entrance. The patient bathroom includes a built-in specimen pass-through. Large windows in the waiting area provide ample natural light. The property enjoys a prime location adjacent to Advent Hospital Zephyrhills and along a major retail corridor on US 301 (Gall Blvd), with pylon signage opportunities. A modified gross lease is offered at $2,233 per month, plus 3% sales tax. Zoned OP, the property is deed-restricted for medical arts and sciences use only. The APN is 21-25-35-0070-00000-0031, and the property is located in the Tampa MSA submarket of Pasco County. The space is currently vacant and ready for immediate occupancy. Single-tenant occupancy.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Total area
1,080 SF
Lot
0.08 ac (3,645 SF)
Zoning code
00OP
APN
35-25-21-0070-00000-0031
UPID
US18-3843536
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
$180k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$180k
Owner & transaction history
Dhruv Properties LLC · 2 yrs held
Dhruv Properties LLC
since 2024
Last sale
$179,900
2 recorded transactions
Zoning & alternative use
00OP · Zephyrhills, 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 Zephyrhills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zephyrhills 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
$180,000
ML approach
$180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$180k
Range $162k – $198k · ±10% · vs last sale $180k (Aug 3 2024)
Last sale anchor
$180k
Aug 3 2024
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
$167 / 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
$3,286
Tax year 2023
Assessed value
$150,352
Assessed 2023
Previous assessed
$126,274
+19.1% YoY
Effective rate
2.19%
On assessed value
Assessed land
$17,314
Assessed improvement
$133,038
Land market value
$17,314
Improvement market value
$133,038
Total market value
$150,352
Applied tax rate
30.0000
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
For Lease
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
162
Bathrooms
2
Total area
1,080 SF
Lot
0.08 ac (3,645 SF)
Zoning code
00OP
APN
35-25-21-0070-00000-0031
UPID
US18-3843536
Jurisdiction
PASCO
Zoning & alternative use
00OP · Zephyrhills, FLZoning 00OP · permitted uses
00OP · Zephyrhills, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
162
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Dhruv Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
18446 GALVESTON ST, SPRING HILL, FL 34610-1637
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2024
$179,900
Dhruv Properties LLC
Three Benign Blind Mice INC
Warranty Deed
—
Jan 12, 1998
$90,000
Three Benign Mice INC
Grossbard Trust
Grant Deed
$99,217 · First Union National 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.
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?”
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.
