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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
8517 Gunn Hwy Odessa, FL 33556-3207
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5338215
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,315 SF
Lot
0.62 ac (26,822 SF)
Zoning code
CG
APN
U352717ZZZ000000239700
UPID
US18-5338215
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
-
8517 Executive Suites Real Estate Agency
-
Dr Perjessy counseling Crisis Center Medical Clinic
-
MOTTO MORTGAGE APPROVED Loan Service Bank
-
Blackbird Pavement Solutions General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$730k
Owner & transaction history
8517 Gunn Hwy LLC · 7 yrs held
8517 Gunn Hwy LLC
since 2018
5 recorded transactions
Zoning & alternative use
CG · Odessa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa 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%
$640,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,160,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,120,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$137 / 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
$15,635
Tax year 2023
Assessed value
$857,800
Assessed 2023
Previous assessed
$833,700
+2.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$261,514
Assessed improvement
$596,286
Land market value
$261,514
Improvement market value
$596,286
Total market value
$857,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Bathrooms
2
Total area
5,315 SF
Lot
0.62 ac (26,822 SF)
Zoning code
CG
APN
U352717ZZZ000000239700
UPID
US18-5338215
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Odessa, FL
Zoning CG · permitted uses
CG · Odessa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
COMMERCIAL (GENERAL)
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
8517 Gunn Hwy LLC
Entity
Mailing address
8517 GUNN HWY, ODESSA, FL 33556-3207
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
$515,000
8517 Gunn Hwy LLC
King Professional Center LLC
Warranty Deed
$437,750 · Seacoast National Bank
Nov 2, 2005
—
Gary A King
King,barbara G
Quit Claim Deed
related
—
Apr 12, 2002
$210,000
Gail King
Tileston,jonathan E
Grant Deed
$572,000 · First Citrus Bank
Oct 28, 1999
$157,500
Jonathan E Tileston
Spagnuolo,augustine A & Mary M
Grant Deed
—
—
—
Gary A King
—
Deed Of Trust
related
$39,000 · First Citrus Bank
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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