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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Drug stores
1704 Hillsborough Ave, Tampa, FL 33603-1131
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-0783848
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,795 SF
Lot
2.02 ac (87,869 SF)
Zoning code
CI
APN
A0229183HP000000A00000
UPID
US18-0783848
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
-
FedEx OnSite Postal Service Courier Service
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Blue Rhino Propane Exchange Propane Supplier
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
TD Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$5.76M
Owner & transaction history
Ds West Hillsbrough Ave Tampa Fl La · 4 yrs held
Ds West Hillsbrough Ave Tampa Fl La
since 2022
Last sale
$5.7M
2 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+117.1%
Apartment house (5+ units)
$5.8M
+65.2%
Medical building
$4.3M
+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
$5,835,000
ML approach
$5,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,505,000
Current use
RESTAURANT
$7,615,000
Change: +117% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,795,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$4,270,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,110,000
Change: +17% · Conversion: Moderate
OFFICE BUILDING
$4,025,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.71M (Mar 29 2022)
Last sale anchor
$5.71M
Mar 29 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
$365 / 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
$58,815
Tax year 2023
Assessed value
$2,900,700
Assessed 2023
Previous assessed
$2,900,700
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$1,208,199
Assessed improvement
$1,692,501
Land market value
$1,208,199
Improvement market value
$1,692,501
Total market value
$2,900,700
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
5
Bathrooms
3
Total area
15,795 SF
Lot
2.02 ac (87,869 SF)
Zoning code
CI
APN
A0229183HP000000A00000
UPID
US18-0783848
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FL
Zoning CI · permitted uses
CI · 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
$3.5M
RESTAURANT
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
3
Lot
2.02 ac
Current owner
From public records · entity-resolved
Ds West Hillsbrough Ave Tampa Fl La
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$5,707,900
Ds West Hillsbrough Ave Tampa Fl La
Walgreen Co
Special Warranty Deed
—
Mar 29, 2022
—
Walgreen Co
Ds West Hillsborough Ave Tampa Fl L
Lease
—
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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