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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
38444 5th Ave Zephyrhills, FL 33542-4329
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2806766
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
5,551 SF
Lot
0.27 ac (11,880 SF)
Zoning code
TCBH
APN
11-26-21-0010-16700-0010
UPID
US18-2806766
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
-
Fraklin Air Conditioning Hardware & Home Improvement HVAC Service
-
The Dogpound Sports Bar and Arcade Arcade & Gaming Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$525k
Owner & transaction history
Aghapy Properties LLC · 6 yrs held
Aghapy Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
TCBH · 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$770,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$95 / 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
$5,423
Tax year 2023
Assessed value
$234,535
Assessed 2023
Previous assessed
$234,392
+0.1% YoY
Effective rate
2.31%
On assessed value
Assessed land
$45,678
Assessed improvement
$188,857
Land market value
$45,678
Improvement market value
$188,857
Total market value
$234,535
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1001
Bathrooms
2
Total area
5,551 SF
Lot
0.27 ac (11,880 SF)
Zoning code
TCBH
APN
11-26-21-0010-16700-0010
UPID
US18-2806766
Jurisdiction
PASCO
Zoning & alternative use
TCBH · Zephyrhills, FL
Zoning TCBH · permitted uses
TCBH · 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
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$770,000
OFFICE BUILDING
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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1001
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Aghapy Properties LLC
Entity
Mailing address
445 21ST CT SW, VERO BEACH, FL 32962-3371
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
$480,000
Aghapy Properties LLC
Twickenham Coml Lndg INC
Warranty Deed
—
Jul 16, 2019
$192,100
Twickenham Coml Lndg INC
Moss,s Ardell Coc
Trustees Deed
related
—
Oct 5, 2017
—
Shirley A Moss
—
Deed
related
$255,000 · Franklin Pharmacy LLC
May 3, 2017
—
Franklin Pharmacy LLC
Florida Pharmacy Solutions INC
Quit Claim Deed
related
—
Mar 4, 2015
$420,000
S Ardell Moss
Price Marcus & M J
Warranty Deed
$250,000 · Culbertson Donald A Trust (pt)
Mar 8, 2013
$235,000
Marcus Price
Neukom,george A JR
Warranty Deed
—
—
—
George A Neukom JR.
—
Deed Of Trust
related
—
—
—
Marcus Price
—
Deed Of Trust
related
$351,000 · Culbertson Donald A Living Tr
—
—
George A Neukom JR.
—
Deed Of Trust
related
$250,000 · Florida Traditions Bank
—
—
George A Neukom
—
Deed Of Trust
related
$300,000 · Community National Bank Pasco
—
—
Shirley A Moss
—
Deed Of Trust
related
$255,000 · Franklin Pharmacy LLC
—
—
George A Neukom JR.
—
Deed Of Trust
related
$25,000 · Community National Bank Pasco
—
—
George A Neukom
—
Deed Of Trust
related
$175,000 · Individual
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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