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    Property profile & analytics

    10851 Cross Crk Blvd Tampa, FL 33647

    • Grocery and convenience stores
    • 7,768 SF
    • 2.21 lot acres
    OFF-MARKET
    Last Sale
    Sep 12, 2023
    $3,780,000
    Value Estimations
    $3,625,000
    Show details
    Cap Rate Potential
    3.2%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US18-6248832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 10851 Cross Crk Blvd

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.21 lot acres
    Property size
    7,768 SF
    Zone code
    PD-A
    Property type
    Grocery and convenience stores
    APN
    A10272074B000000000010
    APU
    A10272074B000000000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,515,000
      ML approach
      $3,420,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,745,000
      APARTMENT HOUSE (5+ UNITS)
      $2,850,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2913
    Latitude
    28.1433
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $76,013
    $1,684,125
    $2,348,875
    $4,033,000
    -
    $1,684,125
    $2,348,875
    $4,033,000

    Comparable in this City

    • Value Estimation
      $1,255,000
      6,050 SF

      10052 Cross Crk Blvd

      CONVENIENCE STORE • 6,050 SF
      10052 Cross Crk Blvd, Tampa, FL 33647-2595
      View Details
    • Value Estimation
      $725,000
      4,696 SF

      10960 Cross Crk Blvd

      CONVENIENCE STORE • 4,696 SF
      10960 Cross Crk Blvd, Tampa, FL 33647-4050
      View Details
    • Value Estimation
      $565,000
      3,102 SF

      17621 Bruce B Downs Blvd

      CONVENIENCE STORE • 3,102 SF
      17621 Bruce B Downs Blvd, Tampa, FL 33647-3212
      View Details
    • Value Estimation
      $965,000
      6,596 SF

      5220 Cypress Preserve Dr

      CONVENIENCE STORE • 6,596 SF
      5220 Cypress Preserve Dr, Tampa, FL 33647-3756
      View Details
    • Value Estimation
      $1,300,000
      4,085 SF

      17519 Bruce B Downs Blvd

      CONVENIENCE STORE • 4,085 SF
      17519 Bruce B Downs Blvd, Tampa, FL 33647-3211
      View Details
    • Value Estimation
      $7,465,000
      54,434 SF

      17605 Bruce B Downs Blvd

      GROCERY, SUPERMARKET • 54,434 SF
      17605 Bruce B Downs Blvd, Tampa, FL 33647-3212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,762 SF

      Former Bank Branch with Drive-Thru

      3,762 SF former bank branch with drive-thru lanes.
      15302 Amberly Dr, Tampa, FL 33647
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      Car Wash Development Site

      Fully entitled car wash development site in New Tampa market.
      18202 Meadow Rd, Tampa, FL 33647
      View Details
    • $3,491,000

      Stonewood Grill NNN Sale Leaseback

      NNN sale leaseback opportunity with a new 10-year lease.
      17050 Palm Pointe Dr, Tampa, FL 33647
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    • $700,000
      0.65 Acres

      Lakefront Lot in Cory Lake

      0.65 acre lot with 200+ feet of lake frontage.
      17903 Bimini Isle Ct, Tampa, FL 33647
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    • $199,980
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      Comfortable Townhome with Modern Amenities

      Two-bedroom townhome with modern amenities and convenient location.
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      Tampa Palms Condo with Views

      Charming 1-bedroom condo in Tampa Palms with conservation views.
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    Similar Nearby for Lease

    • $12 SF/Yr
      7,200 SF

      Retail Space in Tampa Palms

      Retail space available in a Publix-anchored shopping center.
      16011-16067 Tampa Palms Blvd W, Tampa, FL 33647
      View Details
    • Contact for pricing
      1,187 SF

      Retail Space in Tampa Suburb

      Retail space in a shopping center near I-75.
      18001 Highwoods Preserve Pkwy, Tampa, FL 33647
      View Details
    • Contact for pricing
      2,042 SF

      Retail Space Near USF

      Retail space available near Bruce B. Downs Blvd and Amberly Drive.
      15305-15367 Amberly Dr, Tampa, FL 33647
      View Details
    • Contact for pricing

      Retail Space in Tampa Center

      Neighborhood shopping center with high traffic and excellent co-tenants.
      19034 Bruce B Downs Blvd, Tampa, FL 33647
      View Details
    • Contact for pricing
      21,597 SF

      Regional Shopping Center Space Available

      Premier shopping center with high traffic and abundant parking.
      6210-6290 Commerce Palms Dr, Tampa, FL 33647
      View Details
    • Contact for pricing

      Commerce Palms Drive Retail/Office Space

      Retail and office spaces available for lease in Tampa.
      6222 Commerce Palms Dr, Tampa, FL 33647
      View Details

    Property Visit Statistics

    • Visits by month
      10.6k
    • Visitors by month
      6.4k
    • Avg Time on site
      10 min
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    Tampa, FL 33647
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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