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Property profile & analytics
FOR LEASE
Warehouses
4029 Tampa Rd Oldsmar, FL 34677
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-8142611
For Lease
1 / 2
$19,875,000
4029 Tampa Rd, Oldsmar, FL 34677
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
STEEL FRAME
Total area
94,000 SF
Lot
5.7 ac (248,248 SF)
APN
24-28-16-63825-002-0030
UPID
US18-8142611
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
-
Paragon Water Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.88M
Blend (final)
Blend
$19.88M
Owner & transaction history
Af4 580 Corporate LLC · 6 yrs held
Af4 580 Corporate LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$26.1M
+28.8%
Apartment house (5+ units)
$23.7M
+17.2%
Retail stores
$20.7M
+2.4%
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 Oldsmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oldsmar 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,255,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$26,095,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$23,735,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$20,745,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$18,465,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$19.88M
Range $17.89M – $21.86M · ±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
$211 / 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
$150,343
Tax year 2023
Assessed value
$8,620,000
Assessed 2023
Previous assessed
$8,000,000
+7.8% YoY
Effective rate
1.74%
On assessed value
Land market value
$2,025,203
Improvement market value
$6,594,797
Total market value
$8,620,000
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
For Lease
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
9
Total area
94,000 SF
Lot
5.7 ac (248,248 SF)
APN
24-28-16-63825-002-0030
UPID
US18-8142611
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.7M
RETAIL STORES
Est. value
$20.7M
OFFICE BUILDING
Est. value
$18.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
9
Lot
5.7 ac
Current owner
From public records · entity-resolved
Af4 580 Corporate LLC
Entity
Mailing address
800 BRICKELL AVE STE #701, MIAMI, FL 33131-2967
Ownership since
2019
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
Oct 7, 2019
$47,100,000
Af4 580 Corporate LLC
580 Center LLC
Special Warranty Deed
$31,800,000 · Regions Bank
Mar 20, 2017
$24,061,400
580 Center LLC
Prologis Uslv Trs Sub 1 LLC
Grant Deed
$21,050,000 · Nxt Cap
Dec 5, 2007
—
Ktr Central Florida LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 24, 2007
$39,750,000
Ktr Central Florida LLC
580 Industrial Ltd
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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