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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Distribution centers
425 Hobbs St Tampa, FL 33619-8031
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0830150
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,272 SF
Lot
3.85 ac (167,828 SF)
Zoning code
PD
APN
U1729202D2000000000290
UPID
US19-0830150
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
-
PVF Industrial Big Box & Wholesale Store
-
Barnes Industrial Plastic Pipe Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.84M
Owner & transaction history
425h Tampa LLC · 1 yrs held
425h Tampa LLC
since 2025
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+14.2%
Auto repair, garage
$4.6M
+10.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,135,000
Current use
RETAIL STORES
$4,725,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,580,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,720,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $3.26M (Nov 28 2024)
Last sale anchor
$3.26M
Nov 28 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
$134 / 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
$34,924
Tax year 2023
Assessed value
$2,086,000
Assessed 2023
Previous assessed
$1,776,900
+17.4% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,094,088
Assessed improvement
$991,912
Land market value
$1,094,088
Improvement market value
$991,912
Total market value
$2,086,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
21,272 SF
Lot
3.85 ac (167,828 SF)
Zoning code
PD
APN
U1729202D2000000000290
UPID
US19-0830150
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
WAREHOUSE, STORAGE Current
Est. value
$4.1M
RETAIL STORES
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
3.85 ac
Current owner
From public records · entity-resolved
425h Tampa LLC
Entity
Mailing address
425 HOBBS ST, TAMPA, FL 33619-8031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
558s Jax LLC
—
Deed
related
$5,117,000 · Webster Bank
Feb 28, 2025
$3,260,800
425h Tampa LLC
Frederick W Barnes JR
Special Warranty Deed
—
Dec 7, 2020
—
Frederick W Barnes JR
—
Deed
related
$500,000 · Vast Bank NA
Jul 20, 2007
—
Barnes Frederick W JR Tr
Franklin Park Properties LLC
Warranty Deed
related
—
Jun 20, 2007
$475,000
Barnes Frederick W JR Trust
Franklin Park Properties LLC
Warranty Deed
$1,300,000 · Southern Commerce Bank
Dec 21, 1999
$150,000
David A Franklin
Hall,richard G & Peggy J
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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