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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
38108 15th Ave, Zephyrhills, FL 33542-7444
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3594472
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
6,286 SF
Lot
0.46 ac (20,000 SF)
Zoning code
FBC3
APN
11-26-21-0010-01200-0250
UPID
US18-3594472
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
Current use
Occupant on record · Public records
-
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Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
East Pasco Meals On Wheels INC · 5 yrs held
East Pasco Meals On Wheels INC
since 2020
Last sale
$565,000
5 recorded transactions
Zoning & alternative use
FBC3 · Zephyrhills, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+9.6%
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
$650,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$930,000
Current use
RETAIL STORES
$1,020,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$870,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $565k (Sep 21 2020)
Last sale anchor
$565k
Sep 21 2020
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
$101 / 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
$529,286
Assessed 2023
Previous assessed
$502,729
+5.3% YoY
Assessed land
$43,610
Assessed improvement
$485,676
Land market value
$43,610
Improvement market value
$485,676
Total market value
$529,286
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Units
499
Bathrooms
6
Total area
6,286 SF
Lot
0.46 ac (20,000 SF)
Zoning code
FBC3
APN
11-26-21-0010-01200-0250
UPID
US18-3594472
Jurisdiction
PASCO
Zoning & alternative use
FBC3 · Zephyrhills, FL
Zoning FBC3 · permitted uses
FBC3 · Zephyrhills, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zephyrhills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$930,000
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$870,000
OFFICE BUILDING Current
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
499
Bathrooms
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
East Pasco Meals On Wheels INC
Entity
Mailing address
3812 15TH AVE, ZEPHYRHILLS, FL 33542
Ownership since
2020
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
Sep 21, 2020
$565,000
East Pasco Meals On Wheels INC
John Henson
Warranty Deed
$572,000 · First National Bank Of Pasco
Aug 30, 2011
$43,000
Timothy P Mcalvanah
Mcalvanah,kristina M
Warranty Deed
related
—
Dec 29, 2005
—
Timothy P Mcalvanah
Mcalvanah,kristina M
Quit Claim Deed
related
—
Sep 17, 2004
$5,000
Timothy P Mcalvanah
Mcalvanah,kristina M
Warranty Deed
related
—
Dec 30, 1997
$175,000
Thomas P Mcalvanah
Baldwin,ruth
Grant Deed
$140,000 · Suntrust Bank Nature Coast
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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