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Property profile & analytics
OFF-MARKET
Estimated value
$16,225,000
Warehouses
2119 Hillsborough Ave Tampa, FL 33603-1050
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3405446
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
STEEL FRAME
Total area
66,347 SF
Lot
2.02 ac (87,868 SF)
Zoning code
CI
APN
A3528183H0000010000040
UPID
US18-3405446
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
-
US Storage Centers Storage Facility
-
Life Storage - Tampa Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.69M
Blend (final)
Blend
$16.23M
Owner & transaction history
Tampa 2119 LLC · 3 yrs held
Tampa 2119 LLC
since 2023
Last sale
$16.8M
7 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$24.3M
+143.2%
Medical building
$17.9M
+79.2%
Neighborhood: shopping center
$17.3M
+72.5%
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
$15,615,000
ML approach
$9,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,005,000
Current use
APARTMENT HOUSE (5+ UNITS)
$24,340,000
Change: +143% · Conversion: Difficult
MEDICAL BUILDING
$17,935,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,260,000
Change: +72% · Conversion: Moderate
OFFICE BUILDING
$16,910,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$14,730,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,800,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$16.23M
Range $14.60M – $17.85M · ±10% · vs last sale $16.80M (Apr 21 2023)
Last sale anchor
$16.80M
Apr 21 2023
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
$245 / 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
$222,643
Tax year 2023
Assessed value
$12,305,600
Assessed 2023
Previous assessed
$10,364,979
+18.7% YoY
Effective rate
1.81%
On assessed value
Assessed land
$1,040,312
Assessed improvement
$11,265,288
Land market value
$1,040,312
Improvement market value
$11,265,288
Total market value
$12,305,600
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
3
Units
551
Rooms
4
Total area
66,347 SF
Lot
2.02 ac (87,868 SF)
Zoning code
CI
APN
A3528183H0000010000040
UPID
US18-3405446
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
WAREHOUSE, STORAGE Current
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.3M
MEDICAL BUILDING
Est. value
$17.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.3M
OFFICE BUILDING
Est. value
$16.9M
RETAIL STORES
Est. value
$14.7M
AUTO REPAIR, GARAGE
Est. value
$12.8M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2021
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
5
Units
551
Rooms
4
Lot
2.02 ac
Current owner
From public records · entity-resolved
Tampa 2119 LLC
Entity
Mailing address
13020 PACIFIC PROMENADE UNIT #102, PLAYA VISTA, CA 90094-2392
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2023
$16,800,000
Tampa 2119 LLC
Middle Hillsborough Storage Associa
Special Warranty Deed
$8,160,000 · Usaa Life Insurance Company
May 8, 2020
—
Middle Hillsborough Storage As
—
Deed Of Trust
related
$5,600,000 · Fifth Third Bk NA
Aug 6, 2019
$1,750,000
Middle Hillsborough Storage As
Rumore,dickie J
Warranty Deed
—
Dec 7, 2016
—
Dickie J Rumore
—
Deed
related
$240,000 · Bank Of Tampa
—
—
Dickie J Rumore
—
Deed Of Trust
related
$300,000 · Bank Of Tampa
—
—
Dickie J Rumore
—
Deed Of Trust
related
$3,331 · Bank Of Florida Tampa Bay
—
—
Dickie J Rumore
—
Deed Of Trust
related
$240,000 · Bank Of Tampa
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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