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Property profile & analytics
OFF-MARKET
Estimated value
$12,425,000
Warehouses
1011 Dr Martin Luther King Jr Blvd Tampa, FL 33603-4311
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5317937
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
90,405 SF
Lot
1.9 ac (82,700 SF)
Zoning code
PD
APN
A072919ZZZ000005888100
UPID
US18-5317937
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
-
Life Storage - Tampa Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.90M
Comparable Approach
Comparable
$14.65M
Blend (final)
Blend
$12.43M
Owner & transaction history
Cgm Commercial LLC · 6 yrs held
Cgm Commercial LLC
since 2019
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$20.1M
+47.2%
Auto repair, garage
$17.4M
+27.9%
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 Tampa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tampa 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%
$13,975,000
6.5%
$12,900,000
7%
$11,975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,635,000
Current use
RETAIL STORES
$20,075,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,445,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$12.43M
Range $11.18M – $13.67M · ±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
$156,773
Tax year 2023
Assessed value
$8,363,800
Assessed 2023
Previous assessed
$7,229,300
+15.7% YoY
Effective rate
1.87%
On assessed value
Assessed land
$728,000
Assessed improvement
$7,635,800
Land market value
$728,000
Improvement market value
$7,635,800
Total market value
$8,363,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
479
Rooms
2
Bathrooms
2
Total area
90,405 SF
Lot
1.9 ac (82,700 SF)
Zoning code
PD
APN
A072919ZZZ000005888100
UPID
US18-5317937
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tampa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.6M
RETAIL STORES
Est. value
$20.1M
AUTO REPAIR, GARAGE
Est. value
$17.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
479
Rooms
2
Bathrooms
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Cgm Commercial LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2019
$100
Cgm Commercial LLC
Cgm 1015 LLC
Quit Claim Deed
related
—
Mar 11, 2019
$6,927,500
Life Storage LP
Seminole & Heights Storage LLC
Grant Deed
—
May 29, 2018
—
Cgm 1015 LLC
—
Deed
related
$142,459 · Fifth Third Bk
Apr 12, 2018
—
Cgm 1015 LLC
Seminole & Heights Storage LLC
Quit Claim Deed
related
—
Mar 14, 2016
—
Seminole & Heights Storage LLC
Charles Michael & D Trust
Grant Deed
related
—
Nov 14, 2015
—
Seminole & Heights Storage LLC
Charles M G & D A Trust
Grant Deed
related
—
Sep 17, 2005
—
Charles Michael
Charles,michael G
Quit Claim Deed
related
—
—
—
Charles Michael
—
Deed Of Trust
related
$250,000 · Florida Capital Bank NA
—
—
Charles Michael
—
Deed Of Trust
related
$250,000 · Florida Capital Bank NA
—
—
Michael G Charles
—
Deed Of Trust
related
$450,000 · Florida Bank
—
—
Cgm 1015 LLC
—
Deed Of Trust
related
$142,459 · Fifth Third 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.
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