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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Retail space
38965 County Rd 54 Zephyrhills, FL 33542
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-6415041
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
9,038 SF
Lot
1.56 ac (67,983 SF)
Zoning code
00C1
APN
02-26-21-0000-03800-0000
UPID
US18-6415041
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
$2.16M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.22M
Owner & transaction history
Florida T I Apartments LLC · 4 yrs held
Florida T I Apartments LLC
since 2021
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
00C1 · Zephyrhills, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+29.8%
Commercial (general)
$1.5M
+5.5%
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
$2,170,000
ML approach
$2,160,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,365,000
7%
$1,270,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,465,000
Current use
MEDICAL BUILDING
$1,900,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,545,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$1,335,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10% · vs last sale $2.55M (Oct 11 2021)
Last sale anchor
$2.55M
Oct 11 2021
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
$246 / 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
$25,188
Tax year 2023
Assessed value
$1,089,355
Assessed 2023
Previous assessed
$1,090,739
-0.1% YoY
Effective rate
2.31%
On assessed value
Assessed land
$104,556
Assessed improvement
$984,799
Land market value
$104,556
Improvement market value
$984,799
Total market value
$1,089,355
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
2019
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
192
Bathrooms
2
Total area
9,038 SF
Lot
1.56 ac (67,983 SF)
Zoning code
00C1
APN
02-26-21-0000-03800-0000
UPID
US18-6415041
Jurisdiction
PASCO
Zoning & alternative use
00C1 · Zephyrhills, FL
Zoning 00C1 · permitted uses
00C1 · 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
RETAIL STORES Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
192
Bathrooms
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Florida T I Apartments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
143 LOS LAGOS DR, BLOOMINGDALE, IL 60108-3047
Ownership since
2021
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
Oct 11, 2021
$2,550,000
Florida T I Apartments LLC
Staten Island Properties Fl LLC
Warranty Deed
—
Oct 28, 2019
$2,240,200
Staten Island Properties Fl LLC
Palmetto Zephyrhills 20th St LLC
Special Warranty Deed
$1,388,800 · Coastal Federal Cu
Mar 25, 2019
$375,000
Palmetto Zephyrhills-20th St L
Ukumbak Apartments INC
Warranty Deed
—
Mar 25, 2019
—
Palmetto Zephyrhills 2oth St LLC
Ukumbak Apartments INC
Quit Claim Deed
related
—
Dec 16, 2005
$150,000
Ukumbak Apartments INC
Glazebrook,raynold C
Grant Deed
—
Jan 10, 1997
$75,000
Schooler W M
Glazebrook,r C
Grant Deed
$75,000 · Seller
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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