Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,030,000
Drug stores
3016 Gandy Blvd Tampa, FL 33611-2826
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2858490
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,856 SF
Lot
1.43 ac (62,378 SF)
Zoning code
CG
APN
A1030183YX000005000060
UPID
US18-2858490
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
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$7.03M
Owner & transaction history
2702 South Orange LLC · 2 yrs held
2702 South Orange LLC
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+117.1%
Apartment house (5+ units)
$5.5M
+65.2%
Office building
$4.4M
+34.4%
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
$6,750,000
ML approach
$6,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,160,000
Change: +117% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,450,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$4,430,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$7.03M
Range $6.33M – $7.73M · ±10% · vs last sale $7.27M (Aug 14 2023)
Last sale anchor
$7.27M
Aug 14 2023
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
$473 / 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
$83,996
Tax year 2023
Assessed value
$4,245,900
Assessed 2023
Previous assessed
$4,347,413
-2.3% YoY
Effective rate
1.98%
On assessed value
Assessed land
$2,613,638
Assessed improvement
$1,632,262
Land market value
$2,613,638
Improvement market value
$1,632,262
Total market value
$4,245,900
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
14,856 SF
Lot
1.43 ac (62,378 SF)
Zoning code
CG
APN
A1030183YX000005000060
UPID
US18-2858490
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Tampa, FL
Zoning CG · permitted uses
CG · 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
RESTAURANT
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.4M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
2702 South Orange LLC
Entity
Mailing address
927 LINCOLN RD STE #214, MIAMI BEACH, FL 33139-2606
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
$7,265,000
2702 South Orange LLC
Cp Thunder Fs LLC
Special Warranty Deed
$4,500,000 · Morgan Stanley Private Bank NA
Sep 6, 2022
$6,902,100
Cp Thunder Fs LLC
Walgreen Co
Special Warranty Deed
$241,500,000 · Wells Fargo Bank NA
Sep 6, 2022
—
Walgreen Co
Cp Thunder Fs LLC
Lease
—
Dec 1, 2005
$3,764,000
Walgreen Co
Hupp Retail Gandy LLC
Grant Deed
—
Dec 22, 2004
—
Hupp Retail Gandy LLC
—
Trustees Deed
related
$3,665,000 · Amsouth Bank
Jan 15, 2004
—
Hupp Retail Gandy LLC
Jutla,darshan S & Joyti
Grant Deed
related
—
Dec 11, 2003
$1,900,000
Unknown
Jutla,darshan S & Joyti
Grant Deed
—
—
—
Darshan S Jutla
—
Deed Of Trust
related
$800,000 · Southtrust Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3016 Gandy Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
