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Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Warehouses
5045 Cypress St Tampa, FL 33607-3803
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-4623794
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,850 SF
Lot
1.38 ac (60,300 SF)
Zoning code
M-AP-1
APN
A1729183JV000001001630
UPID
US18-4623794
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
-
Pebblestone Construction & Management Inc. Roofing Company General Contractor
-
Pebblestone Construction Construction Company General Contractor
-
Extra Space Storage Storage Facility
-
Roof Coating Tampa Fl Roofing Company General Contractor
-
Premier Remodeling & Restoration General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.83M
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$4.79M
Owner & transaction history
Extra Space Props Twenty Eight · 18 yrs held
Extra Space Props Twenty Eight
since 2008
4 recorded transactions
Zoning & alternative use
M-AP-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.9M
+27.9%
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%
$6,315,000
6.5%
$5,830,000
7%
$5,410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,160,000
Current use
AUTO REPAIR, GARAGE
$7,880,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±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
$117 / 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
$103,474
Tax year 2023
Assessed value
$5,651,100
Assessed 2023
Previous assessed
$4,926,400
+14.7% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,254,397
Assessed improvement
$4,396,703
Land market value
$1,254,397
Improvement market value
$4,396,703
Total market value
$5,651,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Rooms
2
Total area
40,850 SF
Lot
1.38 ac (60,300 SF)
Zoning code
M-AP-1
APN
A1729183JV000001001630
UPID
US18-4623794
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M-AP-1 · Tampa, FL
Zoning M-AP-1 · permitted uses
M-AP-1 · 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
$6.2M
AUTO REPAIR, GARAGE
Est. value
$7.9M
WAREHOUSE, STORAGE Current
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Extra Space Props Twenty Eight
Individual
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2008
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
Jul 11, 2008
—
Extra Space Props Twenty Eight
Extra Space Properties Two LLC
Quit Claim Deed
related
$3,835,965 · Wells Fargo Bank
Nov 28, 2006
$4,490,000
Extra Space Properties Two LLC
W/j Lessor East Coast
Grant Deed
—
Jun 3, 2005
$3,925,000
J Lessor East Coast W
Westshore Holdings INC
Grant Deed
$2,865,000 · Texas Capital Bank NA
Apr 29, 1998
$550,000
Westshore Holdings INC
Clewis,jeanne S
Grant Deed
related
$550,000 · Mercantile 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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