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Property profile & analytics
OFF-MARKET
Estimated value
$7,920,000
Distribution centers
3900 Coachman Ave, Tampa, FL 33611
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3570024
Property summary
AI-generated overview
This Tampa, Florida industrial property, located at 3900 W Coachman Ave, 33611, offers 82,548 square feet of versatile space across three suites. The single-story, Class B building boasts a 19-foot ceiling height, making it ideal for warehouse, distribution, manufacturing, or flex uses. Built in 1963 and renovated in 2024, the property features 11 loading docks and 3 drive-ins, ensuring efficient operations. Power is provided by a 3-phase, 1,200 AMP, 277/480 V system. The 5.93-acre lot provides ample space for parking and outdoor storage. The property is zoned CI and conveniently situated in South Tampa, near major transportation arteries including Dale Mabry Highway, Gandy Boulevard, and the Selmon Expressway. Suite sizes range from approximately 22,118 to 36,444 square feet. Hillsborough County APN: A-04-30-18-ZZZ-000005-51970.0.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
87,256 SF
Lot
5.95 ac (259,294 SF)
Zoning code
CI
APN
A043018ZZZ000005519700
UPID
US18-3570024
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
$7.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.89M
Blend (final)
Blend
$7.92M
Owner & transaction history
3900 W Coachman Ave LLC · 1 yrs held
3900 W Coachman Ave LLC
since 2024
Last sale
$7.9M
4 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
Method
Estimation
Statistic approach
$7,920,000
ML approach
$7,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,160,000
Current use
Blend value · Realmo final
$7.92M
Range $7.13M – $8.71M · ±10% · vs last sale $7.92M (Jul 15 2024)
Last sale anchor
$7.92M
Jul 15 2024
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
$91 / 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
$132,996
Tax year 2023
Assessed value
$6,609,500
Assessed 2023
Previous assessed
$6,609,500
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$3,010,144
Assessed improvement
$3,599,356
Land market value
$3,010,144
Improvement market value
$3,599,356
Total market value
$6,609,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
20
Total area
87,256 SF
Lot
5.95 ac (259,294 SF)
Zoning code
CI
APN
A043018ZZZ000005519700
UPID
US18-3570024
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.2M
WAREHOUSE, STORAGE Current
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
20
Lot
5.95 ac
Current owner
From public records · entity-resolved
3900 W Coachman Ave LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1414 W SWANN AVE STE #100, TAMPA, FL 33606-2590
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
$7,922,000
3900 W Coachman Ave LLC
Frg X Fl2 LP
Special Warranty Deed
—
May 16, 2024
—
Frg X Fl2 LP
David F Williams
Special Warranty Deed
—
Dec 29, 2021
$7,150,000
Frg X Fl2 LP
David F Williams
Special Warranty Deed
—
—
—
Williams,paul R & David F
—
Loan Modification
related
$1,267,793 · Hancock Bk
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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