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Property profile & analytics
OFF-MARKET
Bars & Pubs
2004 16th St Tampa, FL 33605-3727
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-0766061
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,451 SF
Lot
0.15 ac (6,650 SF)
Zoning code
YC-1
APN
A18291950N000049000100
UPID
US18-0766061
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
-
Hallucination Before Christmas Hotel & Motel Resort
-
The Castle Bar & Pub
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
Cherokee Associates · 24 yrs held
Cherokee Associates
since 2002
1 recorded transaction
Zoning & alternative use
YC-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This subdistrict comprises the cultural, social, shopping and service heart of the Ybor City Historic District, the regulations are intended to preserve and enhance its touristic, cultural and economic functions by preserving its rich mixture of land uses, relatively modest intensity of development, low rise structures and distinctive architecture
Zone name
Ybor City Central Commercial Core
General category
COMMERCIAL
Zone area
74.74 ac
Source
Realmo
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
$9,013
Tax year 2023
Assessed value
$641,775
Assessed 2023
Previous assessed
$639,962
+0.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$166,250
Assessed improvement
$475,525
Land market value
$166,250
Improvement market value
$475,525
Total market value
$641,775
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
1
Rooms
9
Total area
11,451 SF
Lot
0.15 ac (6,650 SF)
Zoning code
YC-1
APN
A18291950N000049000100
UPID
US18-0766061
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
YC-1 · Tampa, FLZoning YC-1 · permitted uses
YC-1 · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This subdistrict comprises the cultural, social, shopping and service heart of the Ybor City Historic District, the regulations are intended to preserve and enhance its touristic, cultural and economic functions by preserving its rich mixture of land uses, relatively modest intensity of development, low rise structures and distinctive architecture
Zone name
Ybor City Central Commercial Core
General category
COMMERCIAL
Zone area
74.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
1
Rooms
9
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cherokee Associates
Entity
Mailing address
1320 E 9TH AVE STE #211, TAMPA, FL 33605-3602
Ownership since
2002
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
Feb 15, 2002
$560,000
Cherokee Associates
Agrupacion Benefica Y Cultural
Grant Deed
$448,000 · Southern Exchange Bank
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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