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Property profile & analytics
FOR SALE
Warehouses
499 Douglas Rd E Oldsmar, FL 34677
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3290810
For Sale
1 / 4
$3,015,000
499 Douglas Rd E, Oldsmar, FL 34677
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
10,000 SF
Lot
1.39 ac (60,622 SF)
APN
24-28-16-00000-120-0200
UPID
US18-3290810
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
-
Bridge Stacks LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Fab Glass and Mirror Hardware & Home Improvement Home Decor Store
-
West Coast Canvas (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$3.02M
Owner & transaction history
Gravity Route LLC · 9 yrs held
Gravity Route LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+92.2%
Neighborhood: shopping center
$2.8M
+28.8%
Apartment house (5+ units)
$2.5M
+17.2%
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
$2,155,000
Current use
AUTO REPAIR, GARAGE
$4,140,000
Change: +92% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,775,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,525,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$2,205,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$1,965,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±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
$302 / 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
$23,513
Tax year 2023
Assessed value
$1,360,000
Assessed 2023
Previous assessed
$1,220,000
+11.5% YoY
Effective rate
1.73%
On assessed value
Land market value
$490,977
Improvement market value
$869,023
Total market value
$1,360,000
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
For Sale
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
4
Total area
10,000 SF
Lot
1.39 ac (60,622 SF)
APN
24-28-16-00000-120-0200
UPID
US18-3290810
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
$2.2M
AUTO REPAIR, GARAGE
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
1.39 ac
Current owner
From public records · entity-resolved
Gravity Route LLC
Entity
Mailing address
499 DOUGLAS RD E, OLDSMAR, FL 34677-2907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
$1,175,000
Gravity Route LLC
Ewing Irrigation Products INC
Special Warranty Deed
$875,000 · American Momentum Bank
May 23, 2013
$1,010,000
Ewing Irrigation Products INC
Regions Bk
Grant Deed
—
Jan 22, 2013
$795,000
Regions Bk
Mariani,jerry A & Wendy J
Deed In Lieu Of Foreclosure
related
—
—
—
Jerry A Mariani
—
Deed Of Trust
related
$181,944 · Amsouth Bank
—
—
Jerry A Mariani
—
Deed Of Trust
related
$453,000 · Amsouth Bank
—
—
Jerry A Mariani
—
Deed Of Trust
related
$95,065 · Amsouth Bank
—
—
Jerry A Mariani
—
Deed Of Trust
related
$280,736 · Regions Bank
—
—
Jerry A Mariani
—
Deed Of Trust
related
$200,000 · Bank Of America
—
—
Gravity Route LLC
—
Deed Of Trust
related
$920,000 · Bankunited Fsb
—
—
Jerry A Mariani
—
Deed Of Trust
related
$285,000 · Nationsbank NA (south)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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