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Property profile & analytics
OFF-MARKET
Estimated value
$5,595,000
Manufacturing properties
220 Elsberry Rd Apollo Beach, FL 33572-2291
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3763915
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,496 SF
Lot
8.74 ac (380,584 SF)
Zoning code
PD
APN
U2231191SF000000618000
UPID
US18-3763915
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
$5.70M
Comparable Approach
Comparable
$6.59M
Blend (final)
Blend
$5.60M
Owner & transaction history
Cab Four Holdings LLC · 3 yrs held
Cab Four Holdings LLC
since 2023
3 recorded transactions
Zoning & alternative use
PD · Apollo Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.6M
+44.7%
Neighborhood: shopping center
$7.4M
+42.5%
Retail stores
$6.6M
+27.3%
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 Apollo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apollo Beach 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,175,000
6.5%
$5,700,000
7%
$5,290,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,220,000
Current use
MEDICAL BUILDING
$7,555,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,440,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$6,645,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$6,440,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,425,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$5.60M
Range $5.04M – $6.15M · ±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
$183 / 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
$56,359
Tax year 2023
Assessed value
$3,351,162
Assessed 2023
Previous assessed
$2,915,126
+15.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$2,080,767
Assessed improvement
$1,270,395
Land market value
$2,080,767
Improvement market value
$1,270,395
Total market value
$3,351,162
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
30,496 SF
Lot
8.74 ac (380,584 SF)
Zoning code
PD
APN
U2231191SF000000618000
UPID
US18-3763915
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Apollo Beach, FL
Zoning PD · permitted uses
PD · Apollo Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apollo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
RETAIL STORES
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
8.74 ac
Current owner
From public records · entity-resolved
Cab Four Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5321 FISHERSOUND LN, APOLLO BEACH, FL 33572-3344
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
—
Cab Four Holdings LLC
Julie A Maness
Quit Claim Deed
related
—
Feb 28, 2023
—
Julie A Maness
Samuel G Maness
Intrafamily Transfer
related
—
Jul 6, 2015
—
Samuel G Maness
Glazer Barbara A
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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