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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Showrooms
1902 38th St, Tampa, FL 33605-4536
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1697804
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1950
Construction
STEEL FRAME
Total area
4,600 SF
Lot
3.07 ac (133,668 SF)
Zoning code
IG
APN
A1629194O5000008000010
UPID
US18-1697804
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
$605k
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$895k
Owner & transaction history
Ag Trep N 38th Street Property Owne · 2 yrs held
Ag Trep N 38th Street Property Owne
since 2024
7 recorded transactions
Zoning & alternative use
IG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+76.1%
Medical building
$1.2M
+75.2%
Neighborhood: shopping center
$1.2M
+68.6%
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
by Request
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Current use
OFFICE BUILDING
$1,250,000
Change: +76% · Conversion: Easy
MEDICAL BUILDING
$1,245,000
Change: +75% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$1,020,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$580,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$195 / 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
$35,935
Tax year 2023
Assessed value
$2,172,700
Assessed 2023
Previous assessed
$2,172,700
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,752,387
Assessed improvement
$420,313
Land market value
$1,752,387
Improvement market value
$420,313
Total market value
$2,172,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Rooms
2
Bathrooms
1
Total area
4,600 SF
Lot
3.07 ac (133,668 SF)
Zoning code
IG
APN
A1629194O5000008000010
UPID
US18-1697804
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
IG · Tampa, FL
Zoning IG · permitted uses
IG · 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
COMMERCIAL (GENERAL) Current
Est. value
$710,000
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$580,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1950
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
2
Bathrooms
1
Lot
3.07 ac
Current owner
From public records · entity-resolved
Ag Trep N 38th Street Property Owne
Entity
Free & Clear · 2 yrs held
Mailing address
3657 BRIARPARK DR STE #300, HOUSTON, TX 77042-5266
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Ag Trep Pompano Property Owner LLC
—
Deed
related
$7,006,025 · Southstate Bank NA
Apr 15, 2024
—
Ag Trep N 38th Street Property Owne
M & E Smith Real Estate LLC
Special Warranty Deed
—
Jun 27, 2018
—
M & E Smith Real Estate LLC
—
Deed
related
$215,288 · Centerstate Bk NA
May 3, 2001
$136,286
M & E Smith Real Estate LLC
Smith,michael D & Elliott S
Grant Deed
related
$350,000 · Central Bank Tampa
—
—
M & E Smith Real Estate LLC
—
Loan Modification
related
$836,582 · Platinum Bk
—
—
M & E Smith Real Estate LLC
—
Deed Of Trust
related
$100,000 · C1 Bank
—
—
M & E Smith Real Estate LLC
—
Deed Of Trust
related
$229,731 · C1 Bank
—
—
M & E Smith Real Estate LLC
—
Deed Of Trust
related
$40,000 · Mercantile Bank
—
—
M & E Smith Real Estate LLC
—
Loan Modification, Consolidation And Extension
related
$215,288 · Centerstate Bk 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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