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Property profile & analytics
OFF-MARKET
Estimated value
$33,030,000
Distribution centers
13040 Bay Industrial Dr, Gibsonton, FL 33534-5839
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2870990
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
437,185 SF
Lot
23.78 ac (1,035,958 SF)
Zoning code
M
APN
U113119B78000000000020
UPID
US18-2870990
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
$39.69M
Blend (final)
Blend
$33.03M
Owner & transaction history
State Of Florida Dept & Transportat · 9 yrs held
State Of Florida Dept & Transportat
since 2017
5 recorded transactions
Zoning & alternative use
M · Gibsonton, 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 Gibsonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gibsonton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$33.03M
Range $29.73M – $36.33M · ±10%
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
$76 / 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
$463,376
Tax year 2023
Assessed value
$26,645,800
Assessed 2023
Previous assessed
$26,587,400
+0.2% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,781,848
Assessed improvement
$24,863,952
Land market value
$1,781,848
Improvement market value
$24,863,952
Total market value
$26,645,800
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
437,185 SF
Lot
23.78 ac (1,035,958 SF)
Zoning code
M
APN
U113119B78000000000020
UPID
US18-2870990
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Gibsonton, FL
Zoning M · permitted uses
M · Gibsonton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gibsonton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
23.78 ac
Current owner
From public records · entity-resolved
State Of Florida Dept & Transportat
Entity
Free & Clear · 9 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jun 9, 2017
—
State Of Florida Dept & Transportat
Duke Realty LP
Warranty Deed
related
—
Sep 18, 2015
—
State Of Florida Dept & Transportat
Duke Realty LP
Warranty Deed
—
Jan 7, 2014
—
Skemp,peter S & Nancy N Trust
Newbern Copeland D Trust
Warranty Deed
related
—
Jul 2, 2007
$6,007,400
Duke Realty
Newbern Copeland D Trust
Grant Deed
—
Dec 23, 1999
$444,900
Hogan Big Bend LLC
Newbern,c D
Grant Deed
—
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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