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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
38416 5th Ave Zephyrhills, FL 33542-4329
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-3655394
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Total area
2,432 SF
Lot
0.08 ac (3,562 SF)
Zoning code
TCBH
APN
11-26-21-0010-16700-0217
UPID
US18-3655394
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
-
Mc Clain Alfonso Meeker & Dunn Law Firm
-
McClainAlfonso Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Dennis J Alfonso · 3 yrs held
Dennis J Alfonso
since 2022
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
TCBH · Zephyrhills, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$510,000
+42.3%
Commercial (general)
$415,000
+15.6%
Retail stores
$395,000
+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
$610,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$510,000
Change: +42% · Conversion: Easy
COMMERCIAL (GENERAL)
$415,000
Change: +16% · Conversion: Easy
RETAIL STORES
$395,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $600k (Oct 27 2022)
Last sale anchor
$600k
Oct 27 2022
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
$251 / 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
$3,698
Tax year 2023
Assessed value
$159,930
Assessed 2023
Previous assessed
$152,416
+4.9% YoY
Effective rate
2.31%
On assessed value
Assessed land
$14,453
Assessed improvement
$145,477
Land market value
$14,453
Improvement market value
$145,477
Total market value
$159,930
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
1936
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Units
2432
Bathrooms
4
Total area
2,432 SF
Lot
0.08 ac (3,562 SF)
Zoning code
TCBH
APN
11-26-21-0010-16700-0217
UPID
US18-3655394
Jurisdiction
PASCO
Zoning & alternative use
TCBH · Zephyrhills, FLZoning TCBH · permitted uses
TCBH · Zephyrhills, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$415,000
RETAIL STORES
Est. value
$395,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1936
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2432
Bathrooms
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
Dennis J Alfonso
Individual
Free & Clear · 3 yrs held
Mailing address
14245 HALE RD, DADE CITY, FL 33523-7520
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
Dennis J Alfonso
Dennis J Alfonso
Intrafamily Transfer
related
—
Aug 12, 2005
$600,000
Dennis J Alfonso
Mcclain,joe A & Joedwards
Warranty Deed
$600,000 · Joe A & Joedwards Mcclain
—
—
Dennis J Alfonso
—
Deed Of Trust
related
$500,000 · Central Bank & Trust
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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