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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Warehouses
3705 Carmen St Tampa, FL 33609
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5211708
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,900 SF
Lot
0.43 ac (18,750 SF)
Zoning code
PD
APN
A2129183LF000000000610
UPID
US18-5211708
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
$1.71M
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.74M
Owner & transaction history
Reagan Dennise Properties LLC · 5 yrs held
Reagan Dennise Properties LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+127.5%
Medical building
$2.1M
+79.2%
Neighborhood: shopping center
$2.1M
+72.5%
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
$1,785,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
$1,940,000
6.5%
$1,790,000
7%
$1,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,190,000
Current use
OFFICE BUILDING
$2,710,000
Change: +127% · Conversion: Difficult
MEDICAL BUILDING
$2,135,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,055,000
Change: +72% · Conversion: Moderate
RETAIL STORES
$1,755,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,525,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $1.63M (Mar 15 2021)
Last sale anchor
$1.63M
Mar 15 2021
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
$220 / 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
$31,419
Tax year 2023
Assessed value
$1,565,500
Assessed 2023
Previous assessed
$1,433,900
+9.2% YoY
Effective rate
2.01%
On assessed value
Assessed land
$281,250
Assessed improvement
$1,284,250
Land market value
$281,250
Improvement market value
$1,284,250
Total market value
$1,565,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
7,900 SF
Lot
0.43 ac (18,750 SF)
Zoning code
PD
APN
A2129183LF000000000610
UPID
US18-5211708
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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
$1.2M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Reagan Dennise Properties LLC
Entity
Mailing address
3707 W CARMEN ST, TAMPA, FL 33609-1303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
$1,625,000
Reagan Dennise Properties LLC
Tmd Properties LLC
Warranty Deed
—
May 18, 2020
—
Tmd Properties LLC
—
Deed
related
$1,064,000 · Valley Nat'l Bk
Oct 20, 2015
—
Sterling Partners LLC
—
Trustees Deed
related
$893,000 · Bank Of Tampa
May 4, 2015
$240,000
Sterling Partners LLC
Tmd Properties LLC
Warranty Deed
—
Jul 14, 2014
—
Tmd Properties LLC
—
Trustees Deed
related
$127,447 · Windoor INC
Dec 28, 2012
$325,000
Tmd Properties LLC
Leonard JR
Warranty Deed
$325,000 · Usameribank
Nov 19, 2002
$300,000
Leonard Rosende
Giglio,lena M
Grant Deed
—
—
—
Tmd Properties LLC
—
Loan Modification
related
$570,000 · Usameribank
—
—
Tmd Properties LLC
—
Loan Modification
related
$1,064,000 · Valley Nat'l Bk
—
—
Leonard Rosende JR.
—
Deed Of Trust
related
$428,000 · Bank Of America
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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