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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Grocery and convenience stores
3817 Land O Lks Blvd, Land O Lakes, FL 34639-4419
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-5173607
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Total area
3,952 SF
Lot
2.28 ac (99,305 SF)
Zoning code
00C2
APN
24-26-18-0000-01100-0019
UPID
US18-5173607
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
$365k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$535k
Owner & transaction history
Racetrac Petroleum INC
Racetrac Petroleum INC
1 recorded transaction
Zoning & alternative use
00C2 · Land O Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$645,000
+126.9%
Medical building
$540,000
+90.6%
Office building
$415,000
+45.3%
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 Land O Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Land O Lakes 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
$365,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$645,000
Change: +127% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: +45% · Conversion: Moderate
RETAIL STORES
$350,000
Change: +23% · Conversion: Easy
WAREHOUSE, STORAGE
$325,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$135 / 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
$18,596
Tax year 2023
Assessed value
$1,028,993
Assessed 2023
Previous assessed
$1,086,154
-5.3% YoY
Effective rate
1.81%
On assessed value
Assessed land
$470,323
Assessed improvement
$558,670
Land market value
$470,323
Improvement market value
$558,670
Total market value
$1,028,993
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1280
Bathrooms
2
Total area
3,952 SF
Lot
2.28 ac (99,305 SF)
Zoning code
00C2
APN
24-26-18-0000-01100-0019
UPID
US18-5173607
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Land O Lakes, FL
Zoning 00C2 · permitted uses
00C2 · Land O Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Land O Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$645,000
MEDICAL BUILDING
Est. value
$540,000
OFFICE BUILDING
Est. value
$415,000
RETAIL STORES
Est. value
$350,000
WAREHOUSE, STORAGE
Est. value
$325,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1280
Bathrooms
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Racetrac Petroleum INC
Entity
Mailing address
PO BOX 2437, SMYRNA, GA 30081-2437
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Racetrac Petroleum INC
—
Deed Of Trust
related
$2,665,824 · Rbs Asset Finance INC
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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