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Property profile & analytics
OFF-MARKET
Medical Office Space
938 Cypress Vlg Blvd, Ruskin, FL 33573-6835
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3257439
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,456 SF
Lot
0.12 ac (5,100 SF)
Zoning code
PD
APN
U0232199GO000000000030
UPID
US18-3257439
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
-
Patricia Sunshine Rheumatology Physician
-
Sunshine Rheumatology and Arthritis Center Physician
-
Doc Side Audiology Physician
-
Sunshine Rheumatology and Arthritis Center - Sun City Center Medical Clinic
-
Dr. Kathleen Fitzgerald : Sunshine Rheumatology Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Florida Business Development Corpor · 4 yrs held
Florida Business Development Corpor
since 2022
Last sale
$340,000
7 recorded transactions
Zoning & alternative use
PD · Ruskin, 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 Ruskin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ruskin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,992
Tax year 2023
Assessed value
$1,108,000
Assessed 2023
Previous assessed
$1,102,100
+0.5% YoY
Effective rate
1.80%
On assessed value
Assessed land
$280,500
Assessed improvement
$827,500
Land market value
$280,500
Improvement market value
$827,500
Total market value
$1,108,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Total area
4,456 SF
Lot
0.12 ac (5,100 SF)
Zoning code
PD
APN
U0232199GO000000000030
UPID
US18-3257439
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Ruskin, FL
Zoning PD · permitted uses
PD · Ruskin, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ruskin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Florida Business Development Corpor
Entity
Mailing address
2875 ASHTON RD UNIT #19738, SARASOTA, FL 34276-7111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
Florida Business Development Corpor
Seshine Rheumatology & Arthitis Ctr
Assignment Of Lease (leasehold Sale)
—
Apr 23, 2021
—
938 Cypress Management LLC
—
Deed
related
$601,000 · South State Bank National Association
Oct 21, 2020
$340,000
938 Cypress Management LLC
Mja Land Developments LLC
Warranty Deed
$240,337 · Centerstate Bank NA
Feb 7, 2018
—
Mja Land Devs LLC
—
Deed
related
$653,823 · American Momentum Bk
Mar 29, 2007
$1,064,600
Mja Land Devs LLC
Miller Florida Homes INC
Warranty Deed
—
—
—
Mja Land Devs LLC
—
Loan Modification
related
$649,063 · American Momentum Bk
—
—
Mja Land Devs LLC
—
Loan Modification
related
$653,823 · American Momentum Bk
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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