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Property profile & analytics
OFF-MARKET
Estimated value
$5,320,000
Warehouses
5024 Manhattan Ave Tampa, FL 33611-3416
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4371451
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,036 SF
Lot
3.5 ac (152,636 SF)
Zoning code
CI
APN
A093018ZZZ000005535600
UPID
US18-4371451
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
-
Gandy Mini Stor-It Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
$6.16M
Blend (final)
Blend
$5.32M
Owner & transaction history
Sroa 5024 Manhattan Fl LLC · 1 yrs held
Sroa 5024 Manhattan Fl LLC
since 2025
Last sale
$7.2M
2 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.8M
+97.8%
Medical building
$7.0M
+79.2%
Neighborhood: shopping center
$6.8M
+72.5%
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%
$4,025,000
6.5%
$3,715,000
7%
$3,450,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,925,000
Current use
OFFICE BUILDING
$7,770,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$7,040,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,775,000
Change: +72% · Conversion: Moderate
RETAIL STORES
$5,780,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,025,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$5.32M
Range $4.79M – $5.85M · ±10% · vs last sale $7.20M (Dec 12 2024)
Last sale anchor
$7.20M
Dec 12 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
$204 / 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
$75,086
Tax year 2023
Assessed value
$3,948,700
Assessed 2023
Previous assessed
$3,418,800
+15.5% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,974,728
Assessed improvement
$1,973,972
Land market value
$1,974,728
Improvement market value
$1,973,972
Total market value
$3,948,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Units
100
Rooms
800
Total area
26,036 SF
Lot
3.5 ac (152,636 SF)
Zoning code
CI
APN
A093018ZZZ000005535600
UPID
US18-4371451
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
WAREHOUSE, STORAGE Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
RETAIL STORES
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
100
Rooms
800
Lot
3.5 ac
Current owner
From public records · entity-resolved
Sroa 5024 Manhattan Fl LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1547 N FLORIDA MANGO RD STE 1-3, WEST PALM BEACH, FL 33409-5277
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$7,200,000
Sroa 5024 Manhattan Fl LLC
Madrid Partnership
Special Warranty Deed
—
Nov 22, 2019
$100
Madrid Ptshp
Lease Prop Trust INC
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.
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