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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Retail properties & Spaces
5003 Cortez Ave, Tampa, FL 33614-6583
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5524478
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,000 SF
Lot
0.41 ac (18,000 SF)
Zoning code
CI
APN
A0429183IP000002000160
UPID
US18-5524478
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
-
Kingdom Business Inc Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$330k
Blend (final)
Blend
$500k
Owner & transaction history
Gettel Tpa INC · 2 yrs held
Gettel Tpa INC
since 2023
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$540,000
+103.8%
Neighborhood: shopping center
$520,000
+96.2%
Retail stores
$445,000
+67.4%
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
$550,000
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Change: +104% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$435,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$315,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$310,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Oct 24 2023)
Last sale anchor
$500k
Oct 24 2023
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
$250 / 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
$5,921
Tax year 2023
Assessed value
$293,600
Assessed 2023
Previous assessed
$258,700
+13.5% YoY
Effective rate
2.02%
On assessed value
Assessed land
$259,200
Assessed improvement
$34,400
Land market value
$259,200
Improvement market value
$34,400
Total market value
$293,600
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
3
Rooms
3
Bathrooms
1
Total area
2,000 SF
Lot
0.41 ac (18,000 SF)
Zoning code
CI
APN
A0429183IP000002000160
UPID
US18-5524478
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FL
Zoning CI · permitted uses
CI · 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
MEDICAL BUILDING
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
RETAIL STORES
Est. value
$445,000
OFFICE BUILDING
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$315,000
WAREHOUSE, STORAGE
Est. value
$310,000
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Rooms
3
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Gettel Tpa INC
Entity
Free & Clear · 2 yrs held
Mailing address
5959 E STATE RD 64, BRADENTON, FL 34208-6201
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
$500,000
Gettel Tpa INC
Stadium INC
Special Warranty Deed
—
Oct 10, 2016
$436,000
Stadium INC
Reyes,manuel & Evette J
Warranty 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.
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