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Property profile & analytics
OFF-MARKET
Estimated value
$3,690,000
Hotels
10121 Horace Ave Tampa, FL 33619-8015
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US19-0419724
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,052 SF
Lot
3.02 ac (131,551 SF)
Zoning code
PD
APN
U202920663000002526700
UPID
US19-0419724
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
-
Red Roof Inn Tampa - Brandon Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.69M
Owner & transaction history
Saihari INC · 14 yrs held
Saihari INC
since 2011
7 recorded transactions
Zoning & alternative use
PD · Tampa, 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 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%
$5,560,000
6.5%
$5,135,000
7%
$4,765,000
Blend value · Realmo final
$3.69M
Range $3.32M – $4.06M · ±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
$57 / 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
$63,424
Tax year 2023
Assessed value
$4,019,000
Assessed 2023
Previous assessed
$3,354,500
+19.8% YoY
Effective rate
1.58%
On assessed value
Assessed land
$768,000
Assessed improvement
$3,251,000
Land market value
$768,000
Improvement market value
$3,251,000
Total market value
$4,019,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
111
Bathrooms
122
Total area
65,052 SF
Lot
3.02 ac (131,551 SF)
Zoning code
PD
APN
U202920663000002526700
UPID
US19-0419724
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.
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
111
Bathrooms
122
Lot
3.02 ac
Current owner
From public records · entity-resolved
Saihari INC
Entity
Mailing address
10121 HORACE AVE, TAMPA, FL 33619-8015
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Oct 28, 2021
—
Saihari INC
—
Deed
related
$1,825,000 · Peoples Bank Sb
Nov 18, 2011
$2,450,000
Saihari INC
Rri Nc I LLC
Grant Deed
$1,314,000 · Aileron Fixed Income Fund I Ll
Mar 11, 2011
$2,200,000
Rri Nc I LLC
R Roof IV LLC
Special Warranty Deed
$100,000,000 · Deutsche Bank Trust Co
Sep 28, 2007
$5,574,600
R-roof IV LLC
Third Berkshire Properties LLC
Special Warranty Deed
—
—
—
Saihari INC
—
Deed Of Trust
$945,000 · Florida Business Dev Corp
—
—
Aileron Fixed Income Fund I Ll
—
Deed Of Trust
related
$1,314,000 · Florida Business Dev Corp
—
—
R-roof IV LLC
—
Deed Of Trust
related
$2,200,000 · Drep Rri LLC
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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