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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Grocery and convenience stores
1225 78th St Tampa, FL 33619-4753
Trust Owned
1-yr Hold
Free & Clear
Property ID
US18-1102505
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,069 SF
Lot
0.35 ac (15,260 SF)
Zoning code
CN
APN
U262919663000001545800
UPID
US18-1102505
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
-
Foam & Glaze Auto Spa Car Wash
-
Athena Bitcoin ATM Atm
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Food truck Restaurant
-
Quik Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$665k
Owner & transaction history
Ernest M Cherry JR Revocable Trust · 1 yrs held
Ernest M Cherry JR Revocable Trust
since 2025
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
CN · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$560,000
+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 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
$635,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Current use
MEDICAL BUILDING
$560,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$460,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$445,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $850k (Feb 7 2025)
Last sale anchor
$850k
Feb 7 2025
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
$321 / 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
$5,545
Tax year 2023
Assessed value
$403,985
Assessed 2023
Previous assessed
$237,695
+70.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$119,638
Assessed improvement
$284,347
Land market value
$119,638
Improvement market value
$284,347
Total market value
$403,985
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
CONVENIENCE STORE
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,069 SF
Lot
0.35 ac (15,260 SF)
Zoning code
CN
APN
U262919663000001545800
UPID
US18-1102505
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CN · Tampa, FL
Zoning CN · permitted uses
CN · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$540,000
MEDICAL BUILDING
Est. value
$560,000
RETAIL STORES
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Ernest M Cherry JR Revocable Trust
Trust
Free & Clear · 1 yrs held
Mailing address
1225 S 78TH ST, TAMPA, FL 33619-4753
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
$2,300,000
Ernest M Cherry JR Revocable Trust
Florida Oil Corp
Warranty Deed
—
May 7, 2025
$850,000
Florida Oil Corp
Ali Capital Holding LLC
Warranty Deed
—
Apr 10, 2023
$685,000
Ali Capital Holding LLC
Saad Investment INC
Special Warranty Deed
$669,000 · Sk Petroleum INC
Aug 28, 2019
—
Covington Investments Corp
—
Deed
related
$106,973 · Alia INC
Nov 6, 2017
—
Saad Investment INC
—
Deed
related
$293,267 · Usameribank
Sep 24, 2012
$510,000
Saad Investment INC
Shiv Investments 1 LLC
Warranty Deed
$382,500 · Usameribank
Jun 4, 2002
—
Issa Investment INC
Ncj Investment Co
Quit Claim Deed
related
—
—
—
Covington Investments Corp
—
Deed Of Trust
related
$106,973 · Alia INC
—
—
Saad Investment INC
—
Deed Of Trust
related
$25,000 · Perfect Petroleum
—
—
Saad Investment INC
—
Loan Modification
related
$293,267 · Usameribank
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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