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Property profile & analytics
OFF-MARKET
Estimated value
$8,170,000
Automotive properties
11111 Florida Ave Tampa, FL 33612-5661
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3281184
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,346 SF
Lot
4.12 ac (179,467 SF)
Zoning code
CI
APN
A132818ZZZ000005356500
UPID
US18-3281184
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
-
Subaru Of North Tampa Parts Department Auto Parts Store
-
Subaru Service Auto Repair Shop
-
Reeves Subaru Parts Department Auto Parts Store
-
Subaru of North Tampa Car Dealership
-
Subaru of North Tampa Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.42M
Blend (final)
Blend
$8.17M
Owner & transaction history
Tampa B Automotive Management LLC · 4 yrs held
Tampa B Automotive Management LLC
since 2021
Last sale
$8.1M
1 recorded transaction
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rty as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2…
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
3,248.54 ac
Top alternative use upside
Restaurant
$10.3M
+149.9%
Apartment house (5+ units)
$7.8M
+90.1%
Medical building
$5.8M
+40.1%
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
$8,925,000
ML approach
$9,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,290,000
Change: +150% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,830,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$5,770,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,555,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$8.17M
Range $7.35M – $8.99M · ±10% · vs last sale $8.13M (Oct 6 2021)
Last sale anchor
$8.13M
Oct 6 2021
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
$383 / 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
$87,948
Tax year 2023
Assessed value
$4,293,440
Assessed 2023
Previous assessed
$3,671,912
+16.9% YoY
Effective rate
2.05%
On assessed value
Assessed land
$2,241,094
Assessed improvement
$2,052,346
Land market value
$2,241,094
Improvement market value
$2,052,346
Total market value
$4,293,440
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Rooms
12
Total area
21,346 SF
Lot
4.12 ac (179,467 SF)
Zoning code
CI
APN
A132818ZZZ000005356500
UPID
US18-3281184
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FLZoning CI · permitted uses
CI · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rty as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use -
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
3,248.54 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
12
Lot
4.12 ac
Current owner
From public records · entity-resolved
Tampa B Automotive Management LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3031 N ROCKY PT DR W STE #770, TAMPA, FL 33607-5805
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
$8,130,000
Tampa B Automotive Management LLC
Vivian C Reeves
Special Warranty Deed
—
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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