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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Other warehouses
2721 Nebraska Ave Tampa, FL 33602
Trust Owned
Absentee Owner
Free & Clear
Property ID
US19-0424368
Property summary
AI-generated overview
The property is a 25,120-square-foot commercial building located in Historic V.M. Ybor on a 27,500-square-foot lot with on-site parking. It has 250 feet of frontage on Nebraska Avenue and is situated at the signalized intersection of N. Nebraska Avenue and E. Columbus Drive, between E. Columbus Drive and E. 17th Avenue. The site is positioned for access to Downtown Tampa, the Channel District, Historic Ybor, the Franklin Street District, Ybor Heights, and major roadways including Interstates 275 and 4, the Selmon Crosstown Expressway, Florida Avenue, Dr. Martin Luther King Jr. Blvd, and Hillsborough Avenue, with proximity to Tampa International Airport, MacDill AFB, and Eastern Hillsborough County. The property is designated in a QOZ and HUBZone. The building is considered historical and may be redesigned for a range of commercial uses, including conversion to retail storefront, an event hall, or commercial office space.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,120 SF
Lot
0.63 ac (27,500 SF)
Zoning code
YC-5
APN
A0729194V1000003000003
UPID
US19-0424368
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
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$595k
Owner & transaction history
Eugene J Freeman JR Revocable Trust
Eugene J Freeman JR Revocable Trust
since 2025
4 recorded transactions
Zoning & alternative use
YC-5 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This subdistrict comprises land used and designated for retail and commercial service operations primarily to serve the residents of the immediate area
Zone name
Ybor City General Commercial
General category
COMMERCIAL
Zone area
73.90 ac
Source
Realmo
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$24 / 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
$11,001
Tax year 2023
Assessed value
$564,200
Assessed 2023
Previous assessed
$490,800
+15.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$412,500
Assessed improvement
$151,700
Land market value
$412,500
Improvement market value
$151,700
Total market value
$564,200
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
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Total area
25,120 SF
Lot
0.63 ac (27,500 SF)
Zoning code
YC-5
APN
A0729194V1000003000003
UPID
US19-0424368
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
YC-5 · Tampa, FLZoning YC-5 · permitted uses
YC-5 · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This subdistrict comprises land used and designated for retail and commercial service operations primarily to serve the residents of the immediate area
Zone name
Ybor City General Commercial
General category
COMMERCIAL
Zone area
73.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Eugene J Freeman JR Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
207 MYRTLE RDG RD, LUTZ, FL 33549-5627
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Eugene J Freeman JR Revocable Trust
Eugene J Freeman JR
Deed
related
—
Mar 23, 2022
—
Jeffrey D Freeman
Jeffrey D Freeman
Intrafamily Transfer
related
—
May 10, 2021
—
Jeffrey D Freeman
Jeffrey D Freema
Deed
—
Nov 2, 2007
$175,000
Freeman Family Properties LLC
Burbage,cleveland B
Grant Deed
—
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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