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Property profile & analytics
OFF-MARKET
Estimated value
$12,855,000
Warehouses
2320 Hillsborough Ave Tampa, FL 33603-1053
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5276360
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
124,389 SF
Lot
4.78 ac (208,259 SF)
Zoning code
CI
APN
A022918ZZZ000005429200
UPID
US18-5276360
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.75M
Comparable Approach
Comparable
$12.28M
Blend (final)
Blend
$12.86M
Owner & transaction history
Mhc 326 Tampa Fl LLC · 1 yrs held
Mhc 326 Tampa Fl LLC
since 2025
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$19,225,000
6.5%
$17,745,000
7%
$16,480,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,760,000
Current use
Blend value · Realmo final
$12.86M
Range $11.57M – $14.14M · ±10% · vs last sale $7.88M (Jan 11 2025)
Last sale anchor
$7.88M
Jan 11 2025
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
$103 / 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
$213,047
Tax year 2023
Assessed value
$10,559,500
Assessed 2023
Previous assessed
$9,692,800
+8.9% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,226,854
Assessed improvement
$9,332,646
Land market value
$1,226,854
Improvement market value
$9,332,646
Total market value
$10,559,500
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
23
Total area
124,389 SF
Lot
4.78 ac (208,259 SF)
Zoning code
CI
APN
A022918ZZZ000005429200
UPID
US18-5276360
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
$18.8M
WAREHOUSE, STORAGE Current
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
23
Lot
4.78 ac
Current owner
From public records · entity-resolved
Mhc 326 Tampa Fl LLC
Entity
Free & Clear · 1 yrs held
Mailing address
375 PARK AVE FL 10RM, NEW YORK, NY 10152-3804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
$7,878,000
Mhc 326 Tampa Fl LLC
Mhc 90 Florida LLC
Special Warranty Deed
—
Aug 27, 2020
—
Mhc 90 Florida LLC
Mhc 3 LLC
Warranty Deed
$323,850,000 · Jpmorgan Chase Bank NA
Apr 27, 2020
—
Mhc 3 Orlando Fl LLC
—
Deed
related
$66,994,000 · Jp Morgan Chase Bk
Apr 7, 2020
—
Mhc 3 Orlando Fl LLC
—
Deed
related
$63,584,000 · Jp Morgan Chase Bk
Mar 24, 2020
—
Mhc 3 Orlando Fl LLC
—
Deed
related
$59,544,000 · Jp Morgan Chase Bk
Oct 31, 2019
$10,150,000
Mhc 3 Orlando Fl LLC
Ur Store Tampa LLC
Special Warranty Deed
$41,824,000 · Jpmorgan Chase Bank NA
Dec 15, 2005
$3,250,000
Hillsborough 2324 LLC
Superior Uniform Group INC
Warranty Deed
—
—
—
Mhc 3 Orlando Fl LLC
—
Loan Modification
related
$66,994,000 · Jp Morgan Chase Bk
—
—
Mhc 3 Orlando Fl LLC
—
Loan Modification
related
$63,584,000 · Jp Morgan Chase Bk
—
—
Mhc 3 Orlando Fl LLC
—
Loan Modification
related
$59,544,000 · Jp Morgan Chase Bk
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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