New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,335,000
Strip malls
11301 56th St Temple Terrace, FL 33617-2257
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3364003
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,169 SF
Lot
4.44 ac (193,370 SF)
Zoning code
CG
APN
T15281954V000008F00000
UPID
US18-3364003
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
$8.50M
CAP Approach
CAP
$5.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.34M
Owner & transaction history
Saad Investment INC · 6 yrs held
Saad Investment INC
since 2020
Last sale
$7.0M
2 recorded transactions
Zoning & alternative use
CG · Temple Terrace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.3M
+41.0%
Medical building
$7.6M
+3.9%
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 Temple Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temple Terrace 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
$8,260,000
ML approach
$8,500,000
CAP Approach
CAP Return
Estimation
6%
$6,425,000
6.5%
$5,930,000
7%
$5,505,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,330,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,335,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$7,615,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$6,255,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$7.34M
Range $6.60M – $8.07M · ±10% · vs last sale $7.00M (Feb 18 2020)
Last sale anchor
$7.00M
Feb 18 2020
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
$260 / 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
$129,930
Tax year 2023
Assessed value
$6,879,500
Assessed 2023
Previous assessed
$6,879,500
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,327,872
Assessed improvement
$5,551,628
Land market value
$1,327,872
Improvement market value
$5,551,628
Total market value
$6,879,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
15
Rooms
12
Total area
28,169 SF
Lot
4.44 ac (193,370 SF)
Zoning code
CG
APN
T15281954V000008F00000
UPID
US18-3364003
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Temple Terrace, FL
Zoning CG · permitted uses
CG · Temple Terrace, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Temple Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
15
Rooms
12
Lot
4.44 ac
Current owner
From public records · entity-resolved
Saad Investment INC
Entity
Mailing address
12220 N 56TH ST, TEMPLE TERRACE, FL 33617-1531
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
$7,000,000
Saad Investment INC
Terrace Oaks Plaza Realty LP
Special Warranty Deed
$5,250,000 · Valley National Bank
May 3, 1999
$3,450,000
Regis Inn LLC
Standard Life Holding Co
Grant Deed
$2,900,000 · Nationsbank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11301 56th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
