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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Warehouses
5050 Hwy 60th W Mulberry, FL 33860
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5369815
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Total area
30,646 SF
Lot
51.06 ac (2,224,174 SF)
APN
232931000000013000
UPID
US18-5369815
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
by Request
CAP Approach
CAP
$4.58M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$3.77M
Owner & transaction history
Tampa Electric Co · 6 yrs held
Tampa Electric Co
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.6M
+47.3%
Retail stores
$4.8M
+24.9%
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 Mulberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mulberry 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%
$4,960,000
6.5%
$4,580,000
7%
$4,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,615,000
Change: +47% · Conversion: Moderate
RETAIL STORES
$4,760,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±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
$123 / 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
$91,532
Tax year 2023
Assessed value
$6,977,179
Assessed 2023
Previous assessed
$6,977,179
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$236,837
Assessed improvement
$6,740,342
Land market value
$236,837
Improvement market value
$6,740,342
Total market value
$6,977,179
Applied tax rate
90,000.0000
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
1997
Heating
NONE
Buildings
11
Stories
1
Units
1
Total area
30,646 SF
Lot
51.06 ac (2,224,174 SF)
APN
232931000000013000
UPID
US18-5369815
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RETAIL STORES
Est. value
$4.8M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Heating
NONE
Stories
1
Buildings
11
Units
1
Lot
51.06 ac
Current owner
From public records · entity-resolved
Tampa Electric Co
Entity
Free & Clear · 6 yrs held
Mailing address
702 N FRANKLIN ST, TAMPA, FL 33602-4429
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2019
$19,990,000
Tampa Electric Co
Del Monte Fresh Production INC
Grant Deed
—
Sep 30, 2008
—
Custom Chemicals Corp
Custom Chemicals Corp
Quit Claim Deed
related
—
Aug 14, 2008
—
Custom Chemicals Corp
—
Deed Of Trust
related
$3,685,000 · General Electric Capital Corp
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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