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Property profile & analytics
OFF-MARKET
Estimated value
$7,815,000
Retail space
1502 Dl Mabry Hwy, Tampa, FL 33607-2551
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4209466
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,680 SF
Lot
2.03 ac (88,242 SF)
Zoning code
PD-A
APN
A16291888I000000000010
UPID
US18-4209466
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
-
Bassett Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.04M
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$7.82M
Owner & transaction history
Jmd Tampa LLC · 4 yrs held
Jmd Tampa LLC
since 2022
Last sale
$7.7M
1 recorded transaction
Zoning & alternative use
PD-A · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.4M
+117.1%
Apartment house (5+ units)
$9.4M
+65.2%
Medical building
$6.9M
+21.8%
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
$7,920,000
ML approach
$8,040,000
CAP Approach
CAP Return
Estimation
6%
$5,095,000
6.5%
$4,705,000
7%
$4,370,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,700,000
Current use
RESTAURANT
$12,380,000
Change: +117% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,420,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$6,940,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,680,000
Change: +17% · Conversion: Moderate
OFFICE BUILDING
$5,680,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,955,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,890,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$7.82M
Range $7.03M – $8.60M · ±10% · vs last sale $7.65M (May 2 2022)
Last sale anchor
$7.65M
May 2 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
$304 / 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
$139,391
Tax year 2023
Assessed value
$7,014,600
Assessed 2023
Previous assessed
$7,056,634
-0.6% YoY
Effective rate
1.99%
On assessed value
Assessed land
$5,294,518
Assessed improvement
$1,720,082
Land market value
$5,294,518
Improvement market value
$1,720,082
Total market value
$7,014,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
25,680 SF
Lot
2.03 ac (88,242 SF)
Zoning code
PD-A
APN
A16291888I000000000010
UPID
US18-4209466
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD-A · Tampa, FL
Zoning PD-A · permitted uses
PD-A · 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
RETAIL STORES Current
Est. value
$5.7M
RESTAURANT
Est. value
$12.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
OFFICE BUILDING
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Jmd Tampa LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3525 FAIRYSTONE PARK HWY, BASSETT, VA 24055-4444
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$7,650,000
Jmd Tampa LLC
Lois Realty Corp
Special Warranty 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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