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Property profile & analytics
OFF-MARKET
Estimated value
$24,200,000
Flex space
500 Brooker Crk Blvd Oldsmar, FL 34677-2994
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-7193903
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2022
Total area
130,000 SF
Lot
11.27 ac (490,930 SF)
APN
13-28-16-00000-310-0300
UPID
US18-7193903
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
-
future development & design General Contractor
-
Chromalloy Belac, LifeX Corporate Office Factory
-
Edmund Optics Florida Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.67M
Comparable Approach
Comparable
$26.04M
Blend (final)
Blend
$24.20M
Owner & transaction history
Gratitude North LLC · 2 yrs held
Gratitude North LLC
since 2023
Last sale
$22.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$36.1M
+66.8%
Apartment house (5+ units)
$32.8M
+51.7%
Retail stores
$28.7M
+32.6%
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
$24,310,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,890,000
6.5%
$14,670,000
7%
$13,620,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$21,640,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$36,090,000
Change: +67% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$32,830,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$28,685,000
Change: +33% · Conversion: Moderate
WAREHOUSE, STORAGE
$28,015,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$24.20M
Range $21.78M – $26.62M · ±10% · vs last sale $22.30M (Aug 1 2023)
Last sale anchor
$22.30M
Aug 1 2023
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
$186 / 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
$308,535
Tax year 2023
Assessed value
$17,690,000
Assessed 2023
Previous assessed
$2,295,760
+670.6% YoY
Effective rate
1.74%
On assessed value
Land market value
$2,260,343
Improvement market value
$15,429,657
Total market value
$17,690,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2022
Heating
NONE
Cooling
NONE
Stories
1
Total area
130,000 SF
Lot
11.27 ac (490,930 SF)
APN
13-28-16-00000-310-0300
UPID
US18-7193903
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
INDUSTRIAL (GENERAL) Current
Est. value
$21.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$36.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.8M
RETAIL STORES
Est. value
$28.7M
WAREHOUSE, STORAGE
Est. value
$28.0M
INDUSTRIAL (GENERAL) 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
2022
Heating
NONE
Cooling
Yes
Stories
1
Lot
11.27 ac
Current owner
From public records · entity-resolved
Gratitude North LLC
Entity
Free & Clear · 2 yrs held
Mailing address
104 S CASCADE AVE STE #90, COLORADO SPRINGS, CO 80903-5101
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2023
$22,300,000
Gratitude North LLC
Brooker Creek V LLC
Special Warranty Deed
—
Feb 12, 2021
$2,750,000
Brooker Creek V LLC
The Nielsen Company Us LLC
Special Warranty Deed
—
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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