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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Hotels
5001 Us Hwy 301 Tampa, FL 33610-7374
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0773579
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,912 SF
Lot
4.41 ac (192,235 SF)
Zoning code
PD
APN
U012919ZZZ000001430600
UPID
US18-0773579
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
$6.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$5.76M
Owner & transaction history
5001 Fair Ground Hospitality LLC · 5 yrs held
5001 Fair Ground Hospitality LLC
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.7M
+100.2%
Office building
$6.5M
+69.8%
Medical building
$5.7M
+47.6%
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
$6,255,000
ML approach
$6,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,830,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,670,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$6,505,000
Change: +70% · Conversion: Difficult
MEDICAL BUILDING
$5,655,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,440,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,035,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,655,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.70M (Feb 16 2021)
Last sale anchor
$5.70M
Feb 16 2021
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
$275 / 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
$88,763
Tax year 2023
Assessed value
$5,004,400
Assessed 2023
Previous assessed
$4,727,700
+5.9% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,100,065
Assessed improvement
$3,904,335
Land market value
$1,100,065
Improvement market value
$3,904,335
Total market value
$5,004,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
54
Rooms
108
Bathrooms
109
Total area
20,912 SF
Lot
4.41 ac (192,235 SF)
Zoning code
PD
APN
U012919ZZZ000001430600
UPID
US18-0773579
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
HOTEL/MOTEL Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
OFFICE BUILDING
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
54
Rooms
108
Bathrooms
109
Lot
4.41 ac
Current owner
From public records · entity-resolved
5001 Fair Ground Hospitality LLC
Entity
Mailing address
17314 EMERALD CHASE DR, TAMPA, FL 33647-3517
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2021
$5,700,000
5001 Fair Ground Hospitality LLC
Bw Rri III LLC
Special Warranty Deed
$4,000,000 · Savoy Bank
Feb 7, 2018
—
Bw Rri III LLC
—
Loan Modification
related
$400,000,000 · Morgan Stanley Bk
May 14, 2015
$4,913,986
Bw Rri III LLC
Fmw Rri I LLC
Grant Deed
—
Sep 15, 2011
$3,996,500
Fmw Rri I LLC
R-roof I LLC
Special Warranty Deed
—
Oct 24, 2007
—
R-roof I LLC
Third Berkshire Props LLC
Warranty Deed
related
—
Sep 28, 2007
$3,721,500
Third Berkshire Properties LLC
Third Berkshire Properties LLC
Special Warranty Deed
$465,000,000 · Bear Stearns Commercial Mortgage In
Mar 29, 2007
—
Third Berkshire Props LLC
Red Roof Inns INC
Warranty Deed
related
—
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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