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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Office buildings
3874 Tampa Rd Oldsmar, FL 34677-3120
Trust Owned
25-yr Hold
~
Est. High Equity
Property ID
US18-9160249
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
CONCRETE BLOCKS
Total area
16,097 SF
Lot
0.86 ac (37,327 SF)
APN
23-28-16-63936-074-0130
UPID
US18-9160249
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
-
Devoted Creations Training Center
-
South Beach Tanning Company Tanning Salon
-
SKIN CARE GROUP, LLC Medical Clinic Skin Care Clinic
-
Cardiac Kids Foundation of Florida Charitable Organization Social Service Agency
-
Source Medical Supply Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.72M
Owner & transaction history
Donna Carollo Trustee · 25 yrs held
Donna Carollo Trustee
since 2001
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.5M
+41.3%
Apartment house (5+ units)
$4.1M
+28.6%
Retail stores
$3.6M
+12.3%
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 Oldsmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oldsmar 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
$3,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,470,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,065,000
Change: +29% · Conversion: Easy
RETAIL STORES
$3,550,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,470,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±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
$169 / 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
$29,048
Tax year 2023
Assessed value
$1,850,000
Assessed 2023
Previous assessed
$1,770,000
+4.5% YoY
Effective rate
1.57%
On assessed value
Land market value
$547,624
Improvement market value
$1,302,376
Total market value
$1,850,000
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
5
Total area
16,097 SF
Lot
0.86 ac (37,327 SF)
APN
23-28-16-63936-074-0130
UPID
US18-9160249
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
RETAIL STORES
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.86 ac
Current owner
From public records · entity-resolved
Donna Carollo Trustee
Trust
Mailing address
3874 TAMPA RD, OLDSMAR, FL 34677-3120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
—
Santo Carollo
—
Deed
related
$2,771,250 · Wells Fargo Bank NA
Apr 20, 2001
$750,000
Donna Carollo Trustee
Ignazio E Lemans Estate
Grant Deed
$752,000 · Bank Of America
—
—
3874 Trust
—
Loan Modification
related
$237,692 · Centennial Bk
—
—
3874 Trust
—
Deed Of Trust
related
$602,150 · Bank Of America
—
—
3874 Trust
—
Loan Modification
related
$1,676,275 · Florida Traditions Bank
—
—
3874 Tampa Trust
—
Deed Of Trust
related
$400,000 · Bank Of America
—
—
Black Land Trust
—
Deed Of Trust
related
$302,400 · Bank Of America
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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