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Property profile & analytics
OFF-MARKET
Estimated value
$3,490,000
Grocery and convenience stores
11611 Dr Martin Luther King Jr Blvd, Seffner, FL 33584-4379
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4152590
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,787 SF
Lot
2.9 ac (126,324 SF)
Zoning code
PD
APN
U092920ZZZ000002409500
UPID
US18-4152590
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
$3.51M
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$3.49M
Owner & transaction history
Brown Capital Lllp · 4 yrs held
Brown Capital Lllp
since 2022
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
PD · Seffner, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.8M
+12.0%
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 Seffner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seffner 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
$3,405,000
ML approach
$3,505,000
CAP Approach
CAP Return
Estimation
6%
$3,890,000
6.5%
$3,595,000
7%
$3,335,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,805,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,010,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,490,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.49M
Range $3.14M – $3.84M · ±10% · vs last sale $3.50M (Apr 4 2022)
Last sale anchor
$3.50M
Apr 4 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
$147 / 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
$67,501
Tax year 2023
Assessed value
$3,742,300
Assessed 2023
Previous assessed
$3,137,666
+19.3% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,083,595
Assessed improvement
$2,658,705
Land market value
$1,083,595
Improvement market value
$2,658,705
Total market value
$3,742,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
23,787 SF
Lot
2.9 ac (126,324 SF)
Zoning code
PD
APN
U092920ZZZ000002409500
UPID
US18-4152590
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Seffner, FL
Zoning PD · permitted uses
PD · Seffner, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seffner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
2.9 ac
Current owner
From public records · entity-resolved
Brown Capital Lllp
Entity
Mailing address
2424 EAGLES EYRIE CT, LOUISVILLE, KY 40206-2328
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2022
$3,500,000
Brown Capital Lllp
Gh&g Lemon LLC
Special Warranty Deed
—
Dec 21, 2006
—
Kenneth Canty
Hodler,ellen W
Grant Deed
$375,000 · Hodler Ellen W Trust (tr)
Dec 21, 2006
$525,000
Kenneth Canty
Hodler,ellen W
Warranty Deed
—
—
—
Hodler Ellen W Trust
—
Deed Of Trust
related
$100,000 · Thomas N & Vicki L Brown
—
—
Kenneth Canty
—
Deed Of Trust
related
$211,400 · J P Morgan Chase Bank
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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