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Property profile & analytics
OFF-MARKET
Estimated value
$330,000
Showrooms
4604 Chelsea St Tampa, FL 33610-6811
Entity Owned
Free & Clear
Property ID
US18-2935124
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1993
Construction
STEEL FRAME
Total area
3,400 SF
Lot
4.9 ac (213,444 SF)
Zoning code
RM-16
APN
A042919ZZZ000005742200
UPID
US18-2935124
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
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$330k
Owner & transaction history
GARDEN MEMORIES INC
GARDEN MEMORIES INC
Zoning & alternative use
RM-16 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
cts If you can meet standard, you can develop and use property as allowed by the code. Categories 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, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 thr…
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
2,110.96 ac
Top alternative use upside
Office building
$1.1M
+100.3%
Medical building
$920,000
+74.0%
Neighborhood: shopping center
$885,000
+67.5%
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%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
OFFICE BUILDING
$1,060,000
Change: +100% · Conversion: Easy
MEDICAL BUILDING
$920,000
Change: +74% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$330k
Range $297k – $363k · ±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
$97 / 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
$11,145
Tax year 2023
Assessed value
$497,500
Assessed 2023
Previous assessed
$425,300
+17.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$209,058
Assessed improvement
$288,442
Land market value
$209,058
Improvement market value
$288,442
Total market value
$497,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
2
Rooms
4
Total area
3,400 SF
Lot
4.9 ac (213,444 SF)
Zoning code
RM-16
APN
A042919ZZZ000005742200
UPID
US18-2935124
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RM-16 · Tampa, FLZoning RM-16 · permitted uses
RM-16 · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
cts If you can meet standard, you can develop and use property as allowed by the code. Categories 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, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
2,110.96 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$655,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Rooms
4
Lot
4.9 ac
Current owner
From public records · entity-resolved
GARDEN MEMORIES INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 11250, NEW ORLEANS, LA 70181-1250
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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