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Property profile & analytics
OFF-MARKET
Estimated value
$14,240,000
Parking lots & garages
1242 Channelside Dr Tampa, FL 33602
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3075012
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1948
Total area
8,200 SF
Lot
0.47 ac (20,525 SF)
Zoning code
PD
APN
A1829194WM000004000030
UPID
US18-3075012
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
$9.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.24M
Owner & transaction history
1242 Channelside Drive Owner LLC · 3 yrs held
1242 Channelside Drive Owner LLC
since 2022
Last sale
$18.2M
7 recorded transactions
Zoning & alternative use
PD · 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
$18,550,000
ML approach
$9,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.24M
Range $12.82M – $15.66M · ±10% · vs last sale $18.15M (Dec 19 2022)
Last sale anchor
$18.15M
Dec 19 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
$1,737 / 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
$17,775
Tax year 2023
Assessed value
$840,089
Assessed 2023
Previous assessed
$707,036
+18.8% YoY
Effective rate
2.12%
On assessed value
Assessed land
$810,738
Assessed improvement
$29,351
Land market value
$810,738
Improvement market value
$29,351
Total market value
$840,089
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1948
Heating
NONE
Stories
1
Rooms
4
Total area
8,200 SF
Lot
0.47 ac (20,525 SF)
Zoning code
PD
APN
A1829194WM000004000030
UPID
US18-3075012
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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.
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
1
Rooms
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
1242 Channelside Drive Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 LANDMARK SQ STE #2200, STAMFORD, CT 06901-2601
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
$18,150,000
1242 Channelside Drive Owner LLC
Channelside Partners LLC
Special Warranty Deed
—
Dec 19, 2022
—
Channelside Partners LLC
The Patel Group Limited Partnership
Special Warranty Deed
—
Nov 19, 2020
—
Calypso Of Florida LLC
Sanjiv K Desai
Quit Claim Deed
related
—
Mar 26, 2019
$100
Interstellar Re Holdings LLC
Swara INC
Correction Deed
related
—
Jan 29, 2019
$100
Swara INC
Patel,nirav B & Bhavi
Grant Deed
related
—
Dec 14, 2015
$800,000
Newsome LLC
Italiano-springsteen LLC
Warranty Deed
$700,000 · Italiano-springsteen LLC
Aug 22, 2008
—
Italiano-springsteen LLC
Italiano,anthony S SR
Quit Claim Deed
related
—
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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