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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
3602 Armenia Ave Tampa, FL 33607-1302
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-5067477
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,344 SF
Lot
0.52 ac (22,470 SF)
Zoning code
CI
APN
A1029184OX000004000010
UPID
US18-5067477
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
-
Paracas Tampa Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Aeg,land Trust · 9 yrs held
Aeg,land Trust
since 2016
7 recorded transactions
Zoning & alternative use
CI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$115 / 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
$16,829
Tax year 2023
Assessed value
$837,700
Assessed 2023
Previous assessed
$837,700
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$247,170
Assessed improvement
$590,530
Land market value
$247,170
Improvement market value
$590,530
Total market value
$837,700
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
12
Rooms
12
Total area
11,344 SF
Lot
0.52 ac (22,470 SF)
Zoning code
CI
APN
A1029184OX000004000010
UPID
US18-5067477
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.
Building & site characteristics
From public records
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
12
Rooms
12
Lot
0.52 ac
Current owner
From public records · entity-resolved
Aeg,land Trust
Trust
Mailing address
3614 N ARMENIA AVE, TAMPA, FL 33607-1302
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2016
$264,500
Aeg,land Trust
Alessi,anthony JR
Warranty Deed
$242,500 · Alfred & Anthony JR Alessi
Sep 8, 2016
—
Aeg,land Trust
Cacciatore,elvia
Warranty Deed
—
Sep 6, 2016
—
Alfred Alessi
West Tampa Latin Quarters INC
Quit Claim Deed
—
Jan 21, 2003
$120,000
—
Garcia,manuel & Nieves
Grant Deed
related
—
Oct 23, 2002
$58,000
Manuel Garcia
Acre,frank
Grant Deed
—
Jul 9, 2002
$60,000
Martin D Suarez
Rodriguez,reiderto & Sally A
Grant Deed
$2,600 · Reiderto & Sally A Rodriguez
May 25, 2001
$55,000
Santiago L Alvarez
Valdes,fabio & Gertrude R
Grant Deed
—
—
—
Fracisco Acre-soo
—
Deed Of Trust
related
$53,500 · Americas Mortgage Broker
—
—
Augustin Legon
—
Deed Of Trust
related
$75,600 · America's Wholesale Lender
—
—
Andrea Valdes
—
Deed Of Trust
related
$108,000 · Option One Mortgage Corp
—
—
Augustin Legon
—
Deed Of Trust
related
$76,000 · Countrywide Home Loans INC
—
—
Jair Flores
—
Deed Of Trust
related
$85,500 · Monticello Bank
—
—
Celeste R Campos
—
Deed Of Trust
related
$45,236 · Loretta D Salario
—
—
Juana D Leon
—
Deed Of Trust
related
$51,300 · New Century Mortgage
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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