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Property profile & analytics
OFF-MARKET
Estimated value
$7,330,000
Warehouses
420 Commerce Blvd Oldsmar, FL 34677-2808
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1409545
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,970 SF
Lot
6.89 ac (300,207 SF)
APN
13-28-16-89119-000-0400
UPID
US18-1409545
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
-
Belac LLC Corporate Office Factory
-
Chromalloy BELAC Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.33M
Blend (final)
Blend
$7.33M
Owner & transaction history
Nm Sqa LLC · 1 yrs held
Nm Sqa LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.3M
+28.8%
Apartment house (5+ units)
$7.6M
+17.2%
Retail stores
$6.6M
+2.4%
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
WAREHOUSE, STORAGE
$6,460,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,320,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,570,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$6,615,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$5,885,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.33M
Range $6.60M – $8.06M · ±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
$245 / 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
$55,463
Tax year 2023
Assessed value
$3,180,000
Assessed 2023
Previous assessed
$3,170,000
+0.3% YoY
Effective rate
1.74%
On assessed value
Land market value
$708,351
Improvement market value
$2,471,649
Total market value
$3,180,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
29,970 SF
Lot
6.89 ac (300,207 SF)
APN
13-28-16-89119-000-0400
UPID
US18-1409545
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
WAREHOUSE, STORAGE Current
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
RETAIL STORES
Est. value
$6.6M
OFFICE BUILDING
Est. value
$5.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
6.89 ac
Current owner
From public records · entity-resolved
Nm Sqa LLC
Entity
Mailing address
245 PARK AVE, NEW YORK, NY 10167-0002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 11, 2025
—
Nm Sqa LLC
Agnl Jet LLC
Deed
—
Apr 11, 2025
$4,161,200
Nm Sqa LLC
Agnl Jet LLC
Special Warranty Deed
—
Jul 24, 2019
—
Agnl Jet LLC
—
Deed
related
$27,100,000 · Wells Fargo Bank NA
Aug 10, 2018
$3,746,200
Agnl Jet LLC
Belac LLC
Grant Deed
—
Sep 20, 2005
$25,000
Belac LLC
H A Partners I Ltd
Special Warranty Deed
—
Aug 6, 1999
$358,700
H A Partners I Ltd
H A Partners Ltd
Grant Deed
related
$1,985,000 · Bank Of Tampa
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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