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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Grocery and convenience stores
4102 Waters Ave Tampa, FL 33614-1935
Entity Owned
29-yr Hold
Free & Clear
Property ID
US18-3159730
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,567 SF
Lot
1.5 ac (65,417 SF)
Zoning code
CN
APN
U28281816R000005000010
UPID
US18-3159730
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
-
Hunt Brothers Pizza Restaurant
-
The Latin Dugout Restaurant
-
Race Way Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$530k
Owner & transaction history
Racetrac Petroleum INC · 29 yrs held
Racetrac Petroleum INC
since 1996
5 recorded transactions
Zoning & alternative use
CN · 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
$470,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
RETAIL STORES
$790,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$775,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$149 / 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
$24,945
Tax year 2023
Assessed value
$1,459,602
Assessed 2023
Previous assessed
$1,320,891
+10.5% YoY
Effective rate
1.71%
On assessed value
Assessed land
$872,139
Assessed improvement
$587,463
Land market value
$872,139
Improvement market value
$587,463
Total market value
$1,459,602
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
3,567 SF
Lot
1.5 ac (65,417 SF)
Zoning code
CN
APN
U28281816R000005000010
UPID
US18-3159730
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CN · Tampa, FL
Zoning CN · permitted uses
CN · 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
RETAIL STORES
Est. value
$790,000
OFFICE BUILDING
Est. value
$775,000
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Racetrac Petroleum INC
Entity
Free & Clear · 29 yrs held
Mailing address
200 GALLERIA PKWY SE STE #900, ATLANTA, GA 30339-5945
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2016
—
Racetrac Petroleum INC
—
Deed
related
$3,811,857 · Mercantil Commercebank
Sep 12, 1996
$275,000
Racetrac Petroleum INC
The Village Bank
Grant Deed
—
—
—
Racetrac Petroleum INC
—
Loan Modification
related
$3,811,857 · Mercantil Commercebank
—
—
Corinne Toler
—
Deed Of Trust
related
$95,000 · Market Street Mortgage
—
—
Corrine J Toler
—
Deed Of Trust
related
$75,000 · Southtrust Bank NA
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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