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Property profile & analytics
OFF-MARKET
Estimated value
$44,375,000
Distribution centers
1220 Us Hwy 301 Tampa, FL 33619-3556
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2869807
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
391,678 SF
Lot
16.61 ac (723,532 SF)
Zoning code
M
APN
U132919ZZZ000001481600
UPID
US18-2869807
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
by Request
Comparable Approach
Comparable
$42.75M
Blend (final)
Blend
$44.38M
Owner & transaction history
Huspp 301 Logistics LLC · 2 yrs held
Huspp 301 Logistics LLC
since 2023
Last sale
$46.0M
7 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$42,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$68,500,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$44.38M
Range $39.94M – $48.81M · ±10% · vs last sale $46.00M (Oct 5 2023)
Last sale anchor
$46.00M
Oct 5 2023
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
$113 / 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
$328,747
Tax year 2023
Assessed value
$19,120,500
Assessed 2023
Previous assessed
$16,330,300
+17.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$7,307,669
Assessed improvement
$11,812,831
Land market value
$7,307,669
Improvement market value
$11,812,831
Total market value
$19,120,500
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
6
Total area
391,678 SF
Lot
16.61 ac (723,532 SF)
Zoning code
M
APN
U132919ZZZ000001481600
UPID
US18-2869807
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Tampa, FL
Zoning M · permitted uses
M · 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
INDUSTRIAL (GENERAL)
Est. value
$68.5M
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
6
Lot
16.61 ac
Current owner
From public records · entity-resolved
Huspp 301 Logistics LLC
Entity
Free & Clear · 2 yrs held
Mailing address
845 TEXAS ST STE #3300, HOUSTON, TX 77002-1656
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
—
Huspp 301 Logistics LLC
—
Deed
related
$73,600,000 · Corebridge Institutional Investments
Oct 5, 2023
$46,000,000
Huspp 301 Logistics LLC
Ag Hs North Highway 301 Prop Owner
Special Warranty Deed
—
Oct 5, 2023
—
Huspp 301 Logistics LLC
Ag Hs North Highway 301 Prop Owner
Quit Claim Deed
related
—
Dec 21, 2021
—
Ag Hs North Highway 301 Prop Owner
Ace Hardware Corporation
Quit Claim Deed
related
—
Dec 21, 2021
$12,800,000
Ag Hs North Highway 301 Prop Owner
Ace Hardware Corporation
Special Warranty Deed
$31,641,000 · Mesa West Real Estate Income Fund V
Apr 18, 2012
—
Ace Hardware Corp
—
Deed Of Trust
related
$15,700,000 · Bank Of America
May 19, 2008
—
Ace Hardware Corp
—
Deed Of Trust
related
$15,700,000 · Wilmington Trust Co
—
—
Ace Hardware Corp
—
Deed Of Trust
related
$225,000 · Bank Of America
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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