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Property profile & analytics
OFF-MARKET
Estimated value
$6,725,000
Medical Office Space
38135 Market Sq Dr, Zephyrhills, FL 33542-7505
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-4851807
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Total area
68,446 SF
Lot
3.54 ac (154,306 SF)
Zoning code
00C2
APN
02-26-21-0010-03900-0030
UPID
US18-4851807
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
by Request
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$6.73M
Owner & transaction history
Zephyrhills 38135 Mp Wrk7 LLC
Zephyrhills 38135 Mp Wrk7 LLC
since 2026
4 recorded transactions
Zoning & alternative use
00C2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.73M
Range $6.05M – $7.40M · ±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
$98 / 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
$151,349
Tax year 2023
Assessed value
$6,545,666
Assessed 2023
Previous assessed
$6,077,174
+7.7% YoY
Effective rate
2.31%
On assessed value
Assessed land
$308,612
Assessed improvement
$6,237,054
Land market value
$308,612
Improvement market value
$6,237,054
Total market value
$6,545,666
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
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Units
280
Bathrooms
14
Total area
68,446 SF
Lot
3.54 ac (154,306 SF)
Zoning code
00C2
APN
02-26-21-0010-03900-0030
UPID
US18-4851807
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Zephyrhills, FL
Zoning 00C2 · permitted uses
00C2 · 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.
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
280
Bathrooms
14
Lot
3.54 ac
Current owner
From public records · entity-resolved
Zephyrhills 38135 Mp Wrk7 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
—
Zephyrhills 38135 Mp Wrk7 LLC
Welltower Op LLC
Special Warranty Deed
—
Jul 26, 2011
$26,037,000
Health Care Reit INC
Fmc Market Square INC
Grant Deed
—
—
—
Pmc Market Square INC
—
Deed Of Trust
related
$168,781 · Suntrust Bank NA
—
—
Florida Medical Clinic
—
Deed Of Trust
related
$2,000,000 · Suntrust Bank NA
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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