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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Hotels
3415 Nebraska Ave Tampa, FL 33603-6035
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0820541
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1913
Construction
WOOD
Total area
3,514 SF
Lot
0.49 ac (21,513 SF)
Zoning code
CG
APN
A0729194MG000006000090
UPID
US18-0820541
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
-
Jayhawk Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$855k
Owner & transaction history
Rr Tampa Holdings LLC · 5 yrs held
Rr Tampa Holdings LLC
since 2020
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$950,000
+47.6%
Neighborhood: shopping center
$915,000
+42.0%
Office building
$895,000
+39.1%
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
$950,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$645,000
Current use
MEDICAL BUILDING
$950,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$780,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$680,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$530,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $750k (Nov 10 2020)
Last sale anchor
$750k
Nov 10 2020
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
$243 / 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
$13,708
Tax year 2023
Assessed value
$661,400
Assessed 2023
Previous assessed
$602,400
+9.8% YoY
Effective rate
2.07%
On assessed value
Assessed land
$290,426
Assessed improvement
$370,974
Land market value
$290,426
Improvement market value
$370,974
Total market value
$661,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Units
9
Rooms
27
Bathrooms
5
Total area
3,514 SF
Lot
0.49 ac (21,513 SF)
Zoning code
CG
APN
A0729194MG000006000090
UPID
US18-0820541
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
HOTEL/MOTEL Current
Est. value
$645,000
MEDICAL BUILDING
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
OFFICE BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$530,000
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1913
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
9
Rooms
27
Bathrooms
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
Rr Tampa Holdings LLC
Entity
Mailing address
5809 N NEBRASKA AVE, TAMPA, FL 33604-7127
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
$750,000
Rr Tampa Holdings LLC
Neel Of Tampa INC
Warranty Deed
$700,000 · Neel/tampa INC
Aug 14, 2007
—
Neel Of Tampa INC
Naginkumar Patel
Warranty Deed
$350,000 · Fidelity Bank Of Florida NA
Dec 28, 2001
$430,000
Shakuntiaben Oatke
Patel,jaymin B & Deepika J
Grant Deed
$410,000 · Jaymin B & Deepika J Patel
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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