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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Warehouses
38835 County Rd 54 Zephyrhills, FL 33542-2706
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4773894
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
10,400 SF
Lot
2.5 ac (108,712 SF)
Zoning code
00C2
APN
02-26-21-0010-05000-0020
UPID
US18-4773894
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
-
Cool Biz General Contractor
-
Kackritz Air Conditioning and Heating Solutions Inc. HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.38M
Owner & transaction history
54 East Zhills Mini Storage L · 10 yrs held
54 East Zhills Mini Storage L
since 2015
6 recorded transactions
Zoning & alternative use
00C2 · Zephyrhills, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+51.9%
Commercial (general)
$1.8M
+23.5%
Retail stores
$1.7M
+17.0%
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%
$1,605,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,440,000
Current use
MEDICAL BUILDING
$2,190,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,780,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,685,000
Change: +17% · Conversion: Moderate
OFFICE BUILDING
$1,540,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$133 / 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
$26,922
Tax year 2023
Assessed value
$1,527,313
Assessed 2023
Previous assessed
$1,241,301
+23.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$145,385
Assessed improvement
$1,381,928
Land market value
$145,385
Improvement market value
$1,381,928
Total market value
$1,527,313
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Units
4800
Bathrooms
3
Total area
10,400 SF
Lot
2.5 ac (108,712 SF)
Zoning code
00C2
APN
02-26-21-0010-05000-0020
UPID
US18-4773894
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Zephyrhills, FLZoning 00C2 · permitted uses
00C2 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
4800
Bathrooms
3
Lot
2.5 ac
Current owner
From public records · entity-resolved
54 East Zhills Mini Storage L
Individual
Mailing address
54 E ZHILLS MINI STORAGE 1003RD W CLEVELAND ST, TAMPA, FL 33606
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2019
—
54 E Zhills Mini Storage LLC
—
Deed
related
$1,788,000 · Centerstate Bk NA
Dec 23, 2015
$2,456,000
54 East Zhills Mini Storage L
A P Gibbs
Trustees Deed
$1,788,000 · Centerstate Bk/fl
Jun 13, 2014
—
Raintree Trust
Gibbs,ander P
Quit Claim Deed
related
—
—
—
54 E Zhills Mini Storage LLC
—
Loan Modification
related
$1,788,000 · Centerstate Bk NA
—
—
Ander P Gibbs
—
Deed Of Trust
related
$701,125 · Centerstate Bank Of Florida
—
—
Ander P Gibbs
—
Deed Of Trust
related
$700,000 · Independent Bankers Bank Fl
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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