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Property profile & analytics
OFF-MARKET
Estimated value
$16,570,000
Warehouses
700 Brooker Crk Blvd Oldsmar, FL 34677-2971
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-2545600
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,680 SF
Lot
6.4 ac (278,845 SF)
APN
13-28-16-11864-000-0030
UPID
US18-2545600
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
-
Hisco Distribution Center Logistics Company
-
Network Dynamics, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Nielsen Business To Business Service
-
Cryo-Cell International Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.46M
Comparable Approach
Comparable
$20.52M
Blend (final)
Blend
$16.57M
Owner & transaction history
Microlumen Ents III LLC · 6 yrs held
Microlumen Ents III LLC
since 2020
Last sale
$10.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$22.4M
+28.8%
Apartment house (5+ units)
$20.4M
+17.2%
Retail stores
$17.8M
+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%
$11,325,000
6.5%
$10,455,000
7%
$9,705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$22,395,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$20,375,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$17,805,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$15,850,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$16.57M
Range $14.91M – $18.23M · ±10% · vs last sale $10.18M (May 5 2020)
Last sale anchor
$10.18M
May 5 2020
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
$205 / 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
$152,558
Tax year 2023
Assessed value
$8,900,000
Assessed 2023
Previous assessed
$7,880,000
+12.9% YoY
Effective rate
1.71%
On assessed value
Land market value
$986,386
Improvement market value
$7,913,614
Total market value
$8,900,000
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
13
Total area
80,680 SF
Lot
6.4 ac (278,845 SF)
APN
13-28-16-11864-000-0030
UPID
US18-2545600
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
$17.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.4M
RETAIL STORES
Est. value
$17.8M
OFFICE BUILDING
Est. value
$15.9M
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
13
Lot
6.4 ac
Current owner
From public records · entity-resolved
Microlumen Ents III LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1 MICROLUMEN WAY, OLDSMAR, FL 34677-2983
Ownership since
2020
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
May 5, 2020
$10,175,000
Microlumen Ents III LLC
Ejb Brooker Creek LLC
Warranty Deed
—
Aug 2, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Aug 2, 2006
$9,036,000
Ejb Brooker Creek LLC
Brooker Creek North I Lllp
Grant Deed
—
Jul 19, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Sep 19, 2005
$1,000,000
R & D Holdings LLC
Brooker Creek North III & IV L
Grant Deed
related
$1,000,000 · Amsouth Bank
Jul 19, 2005
$285,000
Harrod Dev Investments I LLC
Brooker Creek North III & IV L
Warranty Deed
—
Jul 19, 2005
$2,344,800
R & K LLC
Brooker Creek North III & IV L
Grant Deed
$1,840,000 · Wachovia Bank NA
Jun 29, 2004
$1,174,000
Creek North Brooker
H/a Partners Ltd
Grant Deed
$8,914,650 · Colonial Bank
—
—
Brooker Creek North I Lllp
—
Deed Of Trust
related
$710,000 · Allstate Life Insurance Co
—
—
Ejb Brooker Creek LLC
—
Loan Modification
related
$4,500,000 · Miscellaneous Ins Co
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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