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Property profile & analytics
OFF-MARKET
Estimated value
$9,075,000
Distribution centers
2604 Tampa E Blvd Tampa, FL 33619-3040
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0494493
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
66,242 SF
Lot
3.22 ac (140,263 SF)
Zoning code
M
APN
U132919ZZZ000001479500
UPID
US19-0494493
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
$9.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.63M
Blend (final)
Blend
$9.08M
Owner & transaction history
Banyan 301 Logistics LLC · 4 yrs held
Banyan 301 Logistics LLC
since 2022
Last sale
$7.8M
2 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.7M
+14.2%
Auto repair, garage
$14.3M
+10.8%
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
$10,190,000
ML approach
$9,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,875,000
Current use
RETAIL STORES
$14,710,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,265,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$11,585,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$9.08M
Range $8.17M – $9.98M · ±10% · vs last sale $7.75M (Jun 1 2022)
Last sale anchor
$7.75M
Jun 1 2022
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
$137 / 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
$93,613
Tax year 2023
Assessed value
$5,233,400
Assessed 2023
Previous assessed
$4,071,700
+28.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$597,661
Assessed improvement
$4,635,739
Land market value
$597,661
Improvement market value
$4,635,739
Total market value
$5,233,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
16
Rooms
16
Total area
66,242 SF
Lot
3.22 ac (140,263 SF)
Zoning code
M
APN
U132919ZZZ000001479500
UPID
US19-0494493
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Tampa, FL
Zoning M · permitted uses
M · 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
$12.9M
RETAIL STORES
Est. value
$14.7M
AUTO REPAIR, GARAGE
Est. value
$14.3M
INDUSTRIAL (GENERAL)
Est. value
$11.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
16
Rooms
16
Lot
3.22 ac
Current owner
From public records · entity-resolved
Banyan 301 Logistics LLC
Entity
Mailing address
10435 BERMUDA DR, HOLLYWOOD, FL 33026-4632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$7,750,000
Banyan 301 Logistics LLC
Mark 60 Te LLC
Warranty Deed
$5,820,000 · Cfg Community Bank
Aug 31, 2005
$1,850,000
Mark 60 Te LLC
Anderson Of Tampa II
Grant Deed
$1,520,000 · American Equity Inv Life Ins
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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