Property profile

4009 Dr Martin Luther King Jr Blvd Tampa, FL 33614

OFF-MARKET
Bars & Pubs
Property ID
US18-4801379
11,263 SF 1.56 ac lot Built 1996
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1996
Construction STEEL FRAME
Total area 11,263 SF
Lot 1.56 ac (67,909 SF)
Zoning code IG
APN A0429183IP000028000140
UPID US18-4801379

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Food Market
  • (Bike/Boat/Book/etc) Store

Location

4009 Dr Martin Luther King Jr Blvd Tampa, FL 33614-7011
Tampa metro Census 2600 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.31M
Blend (final) Blend
$3.31M

Owner & transaction history

since 2021
Last sale
$2.5M
3 recorded transactions
2021
$2.5M
2005
$1.6M
1969
Price N/A

Zoning & alternative use

IG · Tampa, FL
Zoning description

tegories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH,…

General category INDUSTRIAL
Top alternative use upside
Apartment house (5+ units) $4.1M +72.1%
Medical building $3.0M +26.8%
Neighborhood: shopping center $2.9M +22.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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