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Property profile & analytics
OFF-MARKET
Estimated value
$3,980,000
Bars & Pubs
3800 Nebraska Ave Tampa, FL 33603-5016
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2569985
Property summary
AI-generated overview
This vibrant Ybor Heights multi-tenant building offers a unique opportunity for businesses seeking a dynamic location. The property encompasses 8,405 square feet of retail space, divisible into units ranging from a minimum of 874 square feet to a maximum contiguous space of 4,737 square feet. The building currently features five suites, providing flexibility for various business needs. Situated on a 1.95-acre lot (84,900 square feet) with 283 feet of frontage, the property boasts ample visibility and accessibility. Convenient onsite parking accommodates 51 vehicles, ensuring ease of access for tenants and customers. The property's CG zoning allows for a variety of commercial and residential uses. Its location in the heart of Ybor Heights offers proximity to downtown Tampa and benefits from the area's thriving arts scene, cultural diversity, and blend of residential and commercial activity. This makes it an ideal location for businesses seeking a vibrant and established community. The property's customizable leasing options allow for tailored solutions to meet individual business requirements. Join an existing tenant, a local brewery, distillery, and tasting room, in this thriving commercial hub. Ample parking and convenient access from major roadways further enhance the property's appeal.
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,784 SF
Lot
1.95 ac (84,900 SF)
Zoning code
CG
APN
A1229184HF000007000000
UPID
US18-2569985
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
-
Crab Devil Art Studio
-
Deviant Libation Production Facility Brewery & Distillery
-
Blanding International Group Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.98M
Owner & transaction history
3800 Holdings LLC · 2 yrs held
3800 Holdings LLC
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+126.2%
Apartment house (5+ units)
$2.5M
+72.1%
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
$3,850,000
ML approach
$3,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,270,000
Change: +126% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,490,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.38M · ±10% · vs last sale $4.14M (Dec 29 2023)
Last sale anchor
$4.14M
Dec 29 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
$587 / 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
$26,108
Tax year 2023
Assessed value
$1,362,644
Assessed 2023
Previous assessed
$1,162,721
+17.2% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,121,054
Assessed improvement
$241,590
Land market value
$1,121,054
Improvement market value
$241,590
Total market value
$1,362,644
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
13
Bathrooms
2
Total area
6,784 SF
Lot
1.95 ac (84,900 SF)
Zoning code
CG
APN
A1229184HF000007000000
UPID
US18-2569985
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
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
13
Bathrooms
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
3800 Holdings LLC
Entity
Mailing address
2516 W SIMMS BLVD, TAMPA, FL 33609-5313
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$4,141,200
3800 Holdings LLC
Heikegani Holdings LLC
Special Warranty Deed
—
Oct 1, 2020
$1,800,000
Heikegani Holdings LLC
3800 N Nebraska LLC
Grant Deed
$1,843,000 · Ngnt Holdings LLC
Jun 29, 2017
$500,000
3800 N Nebraska LLC
Bondholders Of True Holiness Ch/l
Grant Deed
—
Nov 18, 2016
—
True Holiness Ch Of Living God In
True Holiness Ch Of Livin Coc
Quit Claim Deed
related
—
Feb 15, 2006
$900,000
True Holiness Ch Of Living God In
Harvest Fellowship Bible Ch In
Warranty Deed
$1,285,000 · True Holiness Ch/living God In
Apr 27, 2005
—
Fellowship Bible Ch In Harvest
—
Trustees Deed
related
$350,000 · Albert Grieco
—
—
Harvest Fellowship Bible Churc
—
Deed Of Trust
related
$100,000 · Terrace Bank Florida
—
—
Harvest Fellowship Bible Churc
—
Deed Of Trust
related
$50,000 · Terrace Bank Florida
—
—
Harvest Fellowship Bible Chr
—
Deed Of Trust
related
$60,000 · Albert Grieco
—
—
Harvest Fellowship Bible Churc
—
Deed Of Trust
related
$350,000 · First Citrus Bank
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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