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Property profile & analytics
OFF-MARKET
Estimated value
$9,765,000
Distribution centers
3214 Queen Palm Dr Tampa, FL 33619-1304
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4040213
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,938 SF
Lot
5.18 ac (225,500 SF)
Zoning code
M
APN
U072920289000000000130
UPID
US18-4040213
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
-
Power & Pumps Inc Auto Repair Shop
-
ABC Maintenancee Auto Parts Store
-
FRM, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.77M
Owner & transaction history
Rsp 3214 Queen Palm LLC · 2 yrs held
Rsp 3214 Queen Palm LLC
since 2023
Last sale
$10.2M
4 recorded transactions
Zoning & alternative use
M · 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
$9,515,000
ML approach
$9,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,930,000
Current use
INDUSTRIAL (GENERAL)
$14,330,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$9.77M
Range $8.79M – $10.74M · ±10% · vs last sale $10.24M (Oct 30 2023)
Last sale anchor
$10.24M
Oct 30 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
$119 / 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
$144,953
Tax year 2023
Assessed value
$8,177,000
Assessed 2023
Previous assessed
$7,566,100
+8.1% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,135,257
Assessed improvement
$7,041,743
Land market value
$1,135,257
Improvement market value
$7,041,743
Total market value
$8,177,000
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
12
Total area
81,938 SF
Lot
5.18 ac (225,500 SF)
Zoning code
M
APN
U072920289000000000130
UPID
US18-4040213
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
$15.9M
INDUSTRIAL (GENERAL)
Est. value
$14.3M
WAREHOUSE, STORAGE Current
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
12
Lot
5.18 ac
Current owner
From public records · entity-resolved
Rsp 3214 Queen Palm LLC
Entity
Mailing address
3 COLUMBUS CIR FL, NEW YORK, NY 10019-8760
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$10,240,000
Rsp 3214 Queen Palm LLC
Lel Queen Palm Associates LLC
Warranty Deed
$4,383,578 · First Horizon Bank
Nov 9, 2021
—
Lel Beaver Ruin Associates LLC
—
Deed
related
$27,170,000 · Carter Bank & Trust
Sep 20, 2021
$9,000,000
Lel Queen Palm Associates LLC
Frm Oak Properties LLC
Warranty Deed
—
Mar 30, 2017
—
Frm Oak Properties LLC
Stolly Properties
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.
Try Rey
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