21045 Commercial Trl

Ownership and recorded sale history

What has actually traded in Town Center / Military Trail

Recorded transactions for office properties in the Town Center and Military Trail corridor, narrowed to the buildings closest to this one in size and age.

Reading this against the corridor

The county assesses this building at $325/SF. Recorded sales of office properties in Town Center / Military Trail since 2021 have a median of $396/SF, across a range of $233/SF to $757/SF.

Across those 4 recorded sales, the median sale price came in at 1.37× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 10,611 SF this is a smaller building than the 39,873 SF median for office properties trading here. Smaller footprints in this segment typically transact at a higher price per square foot.

By footprint it sits in roughly the 60th percentile of office properties that have traded in this corridor — 2 of the 5 recorded sales were of larger buildings.

The assessment works out 18% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

The lot runs 4.1× the building footprint — 43,605 SF of land under 10,611 SF of structure. Ratios that wide are usually where expansion or redevelopment questions start.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage