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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Strip malls
2718 Macdill Ave Tampa, FL 33629-7222
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2871401
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,446 SF
Lot
0.15 ac (6,500 SF)
Zoning code
CI
APN
A3429183U4000043000100
UPID
US18-2871401
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
-
Wisteria Home Decor Store (Bike/Boat/Book/etc) Store
-
rx boykin Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Millys Properties LLC · 2 yrs held
Millys Properties LLC
since 2024
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+85.3%
Apartment house (5+ units)
$2.4M
+41.0%
Office building
$2.2M
+32.3%
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 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
$2,225,000
ML approach
$2,225,000
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,355,000
7%
$1,260,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,675,000
Current use
RESTAURANT
$3,110,000
Change: +85% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,365,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$2,220,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$1,740,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,430,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.23M (Feb 22 2024)
Last sale anchor
$2.23M
Feb 22 2024
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
$345 / 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
$13,618
Tax year 2023
Assessed value
$752,100
Assessed 2023
Previous assessed
$752,100
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$323,375
Assessed improvement
$428,725
Land market value
$323,375
Improvement market value
$428,725
Total market value
$752,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
8
Rooms
8
Total area
6,446 SF
Lot
0.15 ac (6,500 SF)
Zoning code
CI
APN
A3429183U4000043000100
UPID
US18-2871401
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
8
Rooms
8
Lot
0.15 ac
Current owner
From public records · entity-resolved
Millys Properties LLC
Entity
Mailing address
3637 SW SHR BLVD, TAMPA, FL 33629-8235
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
$2,225,000
Millys Properties LLC
Massari Ligori Properties LLC
Special Warranty Deed
$1,132,500 · Dfcu Financial
Feb 15, 2023
—
Massari Ligori Properties LLC
Nick J Ligori
Quit Claim Deed
related
—
Jan 8, 2010
—
Massari Of Ligori Properties LLC
Massari A D & G C Trust
Quit Claim Deed
related
—
Oct 16, 2009
—
Andrew D Massari
Massari,andrew D
Quit Claim Deed
related
—
Jan 10, 2008
—
Massari Nick D Trust
Massari Bessie Trust
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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