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Property profile & analytics
OFF-MARKET
Estimated value
$15,320,000
Distribution centers
10889 Xrds Commerce Blvd Tampa, FL 33610-9615
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8327004
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
114,513 SF
Lot
6.7 ac (291,727 SF)
Zoning code
PD
APN
U052920B10000000000010
UPID
US18-8327004
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.76M
Comparable Approach
Comparable
$14.20M
Blend (final)
Blend
$15.32M
Owner & transaction history
Saad Investment INC · 4 yrs held
Saad Investment INC
since 2022
Last sale
$16.1M
3 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$22.1M
+71.2%
Industrial (general)
$20.0M
+55.1%
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
$16,455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,900,000
6.5%
$13,755,000
7%
$12,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,910,000
Current use
AUTO REPAIR, GARAGE
$22,095,000
Change: +71% · Conversion: Easy
INDUSTRIAL (GENERAL)
$20,025,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$15.32M
Range $13.79M – $16.85M · ±10% · vs last sale $16.10M (Jul 15 2022)
Last sale anchor
$16.10M
Jul 15 2022
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
$134 / 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
$177,388
Tax year 2023
Assessed value
$9,934,500
Assessed 2023
Previous assessed
$9,921,900
+0.1% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,106,186
Assessed improvement
$8,828,314
Land market value
$1,106,186
Improvement market value
$8,828,314
Total market value
$9,934,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
114,513 SF
Lot
6.7 ac (291,727 SF)
Zoning code
PD
APN
U052920B10000000000010
UPID
US18-8327004
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
$12.9M
AUTO REPAIR, GARAGE
Est. value
$22.1M
INDUSTRIAL (GENERAL)
Est. value
$20.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
NONE
Cooling
Yes
Stories
1
Units
1
Lot
6.7 ac
Current owner
From public records · entity-resolved
Saad Investment INC
Entity
Mailing address
12220 N 56TH ST, TEMPLE TERRACE, FL 33617-1531
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
$16,100,000
Saad Investment INC
Colonial Wholesale Distributing INC
Warranty Deed
$11,270,000 · Valley Bank
—
—
Colonial Wholesale Distributin
—
Deed Of Trust
related
$5,696,733 · Valley Nat'l Bk
—
—
Colonial Wholesale Distributin
—
Loan Modification
related
$5,969,733 · Valley Nat'l 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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