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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Hotels
3826 Waters Ave Tampa, FL 33614-2011
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-3921165
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
STEEL FRAME
Total area
40,097 SF
Lot
3.09 ac (134,474 SF)
Zoning code
PD
APN
U2828189LW000000000020
UPID
US18-3921165
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
-
La Quinta Inn & Suites by Wyndham Tampa Central Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.96M
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$4.23M
Owner & transaction history
Dev Krupa INC · 20 yrs held
Dev Krupa INC
since 2006
7 recorded transactions
Zoning & alternative use
PD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,285,000
6.5%
$3,955,000
7%
$3,675,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,015,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±10%
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
$105 / 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
$85,058
Tax year 2023
Assessed value
$5,757,400
Assessed 2023
Previous assessed
$4,589,800
+25.4% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,461,012
Assessed improvement
$4,296,388
Land market value
$1,461,012
Improvement market value
$4,296,388
Total market value
$5,757,400
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
2008
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
4
Units
72
Total area
40,097 SF
Lot
3.09 ac (134,474 SF)
Zoning code
PD
APN
U2828189LW000000000020
UPID
US18-3921165
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
INDUSTRIAL (GENERAL)
Est. value
$7.0M
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
2008
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
4
Units
72
Lot
3.09 ac
Current owner
From public records · entity-resolved
Dev Krupa INC
Entity
Mailing address
3826 W WATERS AVE, TAMPA, FL 33614-2011
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2019
—
Dev Krupa INC
—
Deed
related
$2,635,000 · Vystar Cu
Oct 31, 2016
—
Dev Krupa INC
—
Deed
related
$2,635,000 · Usameribank
Aug 20, 2009
—
Dev Krupa INC
—
Trustees Deed
related
$71,000 · Usameribank
Apr 7, 2006
$660,000
Dev Krupa INC
Kb Dev 1 LLC
Grant Deed
related
$4,500,000 · Synovus Bk/tampa Bay
—
—
Dev Krupa INC
—
Deed Of Trust
related
$2,875,000 · Usameribank
—
—
Dev Krupa INC
—
Deed Of Trust
related
$2,875,000 · Florida Business Dev Corp
—
—
Dev Krupa INC
—
Deed Of Trust
related
$2,300,000 · Usameribank
—
—
Dev Krupa INC
—
Loan Modification
related
$2,635,000 · Vystar Cu
—
—
Dev Krupa INC
—
Loan Modification
related
$2,635,000 · Usameribank
—
—
Dev Krupa INC
—
Deed Of Trust
related
$4,500,000 · Usameribank
—
—
Dev Krupa INC
—
Deed Of Trust
related
$5,145,938 · Usameribank
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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