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Property profile & analytics
FOR SALE
Parking lots & garages
1618 E 5Th Ave Tampa, FL 33605
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-0148294
For Sale
1 / 10
$1,200,000
1618 E 5Th Ave, Tampa, FL 33605
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.1 ac (4,550 SF)
Zoning code
YC-7
APN
A1829194WV000058000090
UPID
US18-0148294
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1623 E 5th Avenue LLC · 12 yrs held
1623 E 5th Avenue LLC
since 2014
3 recorded transactions
Zoning & alternative use
YC-7 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,145
Tax year 2023
Assessed value
$115,789
Assessed 2023
Previous assessed
$105,574
+9.7% YoY
Effective rate
1.85%
On assessed value
Assessed land
$113,750
Assessed improvement
$2,039
Land market value
$113,750
Improvement market value
$2,039
Total market value
$115,789
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
For Sale
Heating
NONE
Lot
0.1 ac (4,550 SF)
Zoning code
YC-7
APN
A1829194WV000058000090
UPID
US18-0148294
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
YC-7 · Tampa, FL
Zoning YC-7 · permitted uses
YC-7 · 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
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
1623 E 5th Avenue LLC
Entity
Mailing address
1623 E 5TH AVE, TAMPA, FL 33605-5113
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2014
$77,500
1623 E 5th Avenue LLC
Bailey,david J
Warranty Deed
—
Jan 8, 2014
—
David J Bailey
—
Trustees Deed
related
$63,000 · Reunion Bk/fl
—
—
1623 E 5th Avenue LLC
—
Deed Of Trust
related
$484,600 · Bankunited Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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