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Property profile & analytics
OFF-MARKET
Estimated value
$17,790,000
Hotels
1301 7th Ave Tampa, FL 33605-3607
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-6354463
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
124,518 SF
Lot
0.78 ac (33,950 SF)
Zoning code
YC-1
APN
A18291950N000028000050
UPID
US18-6354463
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
-
Hampton Inn Big Box & Wholesale Store
-
Hotel Hotel & Motel
-
Hampton Inn & Suites Tampa/Ybor City/Downtown Hotel & Motel
-
hoilday inn Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.14M
Blend (final)
Blend
$17.79M
Owner & transaction history
Summit Hospitality 101 LLC · 6 yrs held
Summit Hospitality 101 LLC
since 2020
Last sale
$18.9M
7 recorded transactions
Zoning & alternative use
YC-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$27.6M
+21.2%
Auto repair, garage
$24.0M
+5.3%
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
$23,945,000
ML approach
$11,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$22,810,000
Current use
RETAIL STORES
$27,645,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,025,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$17.79M
Range $16.01M – $19.57M · ±10% · vs last sale $18.94M (Jun 17 2020)
Last sale anchor
$18.94M
Jun 17 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
$143 / 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
$281,432
Tax year 2023
Assessed value
$14,921,100
Assessed 2023
Previous assessed
$12,796,300
+16.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$679,000
Assessed improvement
$14,242,100
Land market value
$679,000
Improvement market value
$14,242,100
Total market value
$14,921,100
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
6
Units
138
Total area
124,518 SF
Lot
0.78 ac (33,950 SF)
Zoning code
YC-1
APN
A18291950N000028000050
UPID
US18-6354463
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
YC-1 · Tampa, FL
Zoning YC-1 · permitted uses
YC-1 · 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
HOTEL/MOTEL Current
Est. value
$22.8M
RETAIL STORES
Est. value
$27.6M
AUTO REPAIR, GARAGE
Est. value
$24.0M
HOTEL/MOTEL Current
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
6
Units
138
Lot
0.78 ac
Current owner
From public records · entity-resolved
Summit Hospitality 101 LLC
Entity
Mailing address
13215 BEE CAVE PKWY STE B300, AUSTIN, TX 78738-0066
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
—
Summit Hospitality 101 LLC
Summit Hotel Op LP
Quit Claim Deed
—
Dec 31, 2012
$18,944,000
Summit Hotel Op LP
Palmetto Hospitality Of Ybor City
Grant Deed
—
Apr 11, 2011
$13,030,000
Palmetto Hospitality Of Ybor City
Ybor Hospitality Props LLC
Grant Deed
—
Mar 3, 2006
—
Ybor Hospitality Properties LLC
Ybor City Hospitality Group LLC
Special Warranty Deed
$13,030,000 · Gmac Commercial Mortgage Bank
Dec 28, 2002
$1,000,000
Ybor City Hospitality Group
Ybor Square Ltd
Grant Deed
related
—
—
—
Summit Hotel Op LP
—
Loan Modification
related
$38,339,731 · Miscellaneous Ins Co
—
—
Summit Hotel Op LP
—
Deed Of Trust
related
$38,339,731 · Miscellaneous Ins Co
—
—
Summit Hotel Op LP
—
Deed Of Trust
related
$101,500,000 · Miscellaneous Ins Co
—
—
Ybor City Hospitality Group Ll
—
Deed Of Trust
related
$8,575,000 · Southern Exchange Bank
—
—
Palmetto Hospitality Of Ybor City
—
Deed Of Trust
related
$8,000,000 · Us Bank NA
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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