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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Showrooms
5000 Nebraska Ave, Tampa, FL 33603-2339
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4436526
Property summary
AI-generated overview
This exceptional Tampa, Florida investment opportunity presents a portfolio of two industrial buildings totaling 11,600 square feet on a 0.8-acre lot in the desirable Seminole Heights neighborhood. The property, built in 1997 and renovated in 2018, features a mix of warehouse and flex office space, currently operating at 100% occupancy. Building 1, at approximately 5,640 square feet, includes a warehouse with 25-foot clear height ceilings, roll-up doors, and four offices. Building 2, approximately 5,960 square feet, comprises three flex offices
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Construction
STEEL FRAME
Total area
5,556 SF
Lot
0.32 ac (13,950 SF)
Zoning code
SH-CG
APN
A0129184GC000000000010
UPID
US18-4436526
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
-
Rainier Roofing LLC Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.13M
Owner & transaction history
Rhea Holdings Group LLC · 7 yrs held
Rhea Holdings Group LLC
since 2018
4 recorded transactions
Zoning & alternative use
SH-CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+41.9%
Neighborhood: shopping center
$1.4M
+36.6%
Office building
$1.4M
+33.8%
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%
$1,250,000
6.5%
$1,155,000
7%
$1,070,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,060,000
Current use
MEDICAL BUILDING
$1,500,000
Change: +42% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,445,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$1,415,000
Change: +34% · Conversion: Easy
RETAIL STORES
$1,235,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,070,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$203 / 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
$6,486
Tax year 2023
Assessed value
$342,100
Assessed 2023
Previous assessed
$289,400
+18.2% YoY
Effective rate
1.90%
On assessed value
Assessed land
$188,325
Assessed improvement
$153,775
Land market value
$188,325
Improvement market value
$153,775
Total market value
$342,100
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
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
5,556 SF
Lot
0.32 ac (13,950 SF)
Zoning code
SH-CG
APN
A0129184GC000000000010
UPID
US18-4436526
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SH-CG · Tampa, FL
Zoning SH-CG · permitted uses
SH-CG · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Rhea Holdings Group LLC
Entity
Mailing address
7608 DUNBRIDGE DR, ODESSA, FL 33556-2258
Ownership since
2018
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
Sep 17, 2024
—
Rhea Holdings Group LLC
—
Deed
related
$1,000,000 · Bank Of The Ozarks
Jul 20, 2018
$583,000
Rhea Holdings Group LLC
Mcb Properties
Warranty Deed
related
$349,800 · Bankunited Fsb
—
—
Mcb Properties
—
Deed Of Trust
related
$350,000 · Palm Bank
—
—
Mcb Properties
—
Deed Of Trust
related
$360,000 · City First Bank
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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