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    Property profile & analytics

    7209 Grn Slope Dr Zephyrhills, FL 33541-1306

    • Medical offices
    • 3,200 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Mar 06, 2024
    $700,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    4.2%
    Medical offices
    Location Intelligence
    Property ID
    US18-8593194
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Internal Medicine & Gastroenterology / Medical Clinic
    • FHZ Medical Group-Tampa Bay / Medical Group / Doctor
    • Come N Play Adult Day Care/ Permanently Closed / Adult Day Care
    • Elizabeth John, MD / Physician
    • Michael Caselnova, MD / Pediatrician / Physician

    Property Details for 7209 Grn Slope Dr

    Year built
    2002
    Lot size
    0.50 lot acres
    Property size
    3,200 SF
    Zone code
    00C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    34-25-21-0000-00300-0091
    APU
    3425210000003000091

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $490,000
      6.5%
      $455,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $529,000
      Market price range: $529k - $867k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $675,000
      Current use
      COMMERCIAL (GENERAL)
      $560,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Zephyrhills
    County
    Pasco
    State
    Florida
    Longitude
    -82.1924
    Latitude
    28.2629
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,676
    $60,002
    $142,251
    $202,253
    -
    $60,002
    $142,251
    $202,253

    Comparable in this City

    • Value Estimation
      $1,175,000
      10,865 SF

      7323 Grn Slope Dr

      MEDICAL BUILDING • 10,865 SF
      7323 Grn Slope Dr, Zephyrhills, FL 33541-1300
      View Details
    • Value Estimation
      $535,000
      4,700 SF

      37840 Medical Arts Ct

      MEDICAL BUILDING • 4,700 SF
      37840 Medical Arts Ct, Zephyrhills, FL 33541-4325
      View Details
    • Value Estimation
      $850,000
      3,248 SF

      37900 Daughtery Rd

      MEDICAL BUILDING • 3,248 SF
      37900 Daughtery Rd, Zephyrhills, FL 33541-1316
      View Details
    • Value Estimation
      $725,000
      4,230 SF

      7344 Gall Blvd

      MEDICAL BUILDING • 4,230 SF
      7344 Gall Blvd, Zephyrhills, FL 33541-4370
      View Details
    • Value Estimation
      $840,000
      7,824 SF

      37918 Medical Arts Ct

      MEDICAL BUILDING • 7,824 SF
      37918 Medical Arts Ct, Zephyrhills, FL 33541-4323
      View Details
    • Value Estimation by Request
      3,016 SF

      37914 Daughtery Rd

      MEDICAL BUILDING • 3,016 SF
      37914 Daughtery Rd, Zephyrhills, FL 33541-1316
      View Details

    Similar Nearby for Sale

    • $1,690,000
      7,733 SF

      37814 Medical Arts Ct, Zephyrhills, FL 33541

      Office Properties & Spaces • 7,733 SF
      37814 Medical Arts Ct, Zephyrhills, FL 33541
      View Details
    • New
      $137,999
      1.27 Acres

      Vacant Land in Zephyrhills, FL

      1.27 acre lot in a desirable neighborhood.
      35333 Perch Dr, Zephyrhills, FL 33541
      View Details
    • $95,000

      RV Site with Full Hookups

      Ready-to-go RV site in 55+ gated community.
      4842 Bobby Lot 198 Ave, Zephyrhills, FL 33541
      View Details
    • $1,499,900

      Zephyrhills Land For Sale

      2.59 Acres of land available in Zephyrhills, Florida.
      2.59 Acres Gall Blvd, Zephyrhills, FL 33541
      View Details
    • $1,499,000

      Zephyrhills Commercial Land Opportunity

      3-acre commercial land with high traffic frontage in Zephyrhills, FL.
      3161 Gall Blvd, Zephyrhills, FL 33541
      View Details
    • $70,000

      Gated 55+ Community RV Lot

      RV lot in active 55+ community with many amenities.
      4851 Baker Ave, Zephyrhills, FL 33541
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      7,733 SF

      Zephyrhills Medical Office Space

      Prime medical office, 2,483 sq ft available.
      37802 Medical Arts Ct, Zephyrhills, FL 33541
      View Details
    • $44,694

      Professional Medical Office Units Available

      Two professional office units available for lease in Zephyrhills, FL.
      37802 Medical Arts Ct, Zephyrhills, FL 33541
      View Details
    • $16 SF/Yr
      1,000 SF

      Zephyrhills Retail/Office Space Available

      1,000 SF commercial space in a flourishing Zephyrhills location.
      38363 Cord St, Zephyrhills, FL 33541
      View Details
    • Contact for pricing
      1,600 SF

      Retail Spaces Available in Zephyrhills

      Retail spaces for lease, anchored by Hobby Lobby.
      7321-7431 Gall Blvd, Zephyrhills, FL 33541
      View Details
    • Contact for pricing
      41,139 SF

      Zephyrhills Retail Space Available

      Retail space with direct access on Allen Rd.
      4810 Allen Rd, Zephyrhills, FL 33541
      View Details
    • $24 SF/Yr
      74,726 SF

      Merchant's Square Retail Spaces

      Prime Pasco County retail spaces available
      7357 Gall Blvd, Zephyrhills, FL 33541
      View Details
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    Zephyrhills, FL 33541-1306
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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