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Property profile & analytics
OFF-MARKET
Estimated value
$9,930,000
Super regional malls
5052 Us Hwy 41, Apollo Beach, FL 33572-3504
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-2364122
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,835 SF
Lot
20.9 ac (910,615 SF)
Zoning code
PD
APN
U323119ZZZ000001759601
UPID
US18-2364122
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
$10.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.93M
Owner & transaction history
1941 Dev LLC · 19 yrs held
1941 Dev LLC
since 2007
4 recorded transactions
Zoning & alternative use
PD · Apollo Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.6M
+1.5%
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 Apollo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apollo Beach 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%
$11,640,000
6.5%
$10,745,000
7%
$9,975,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,330,000
Current use
MEDICAL BUILDING
$15,560,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$13,690,000
Change: -11% · Conversion: Easy
OFFICE BUILDING
$13,270,000
Change: -13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,235,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$9.93M
Range $8.94M – $10.92M · ±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
$158 / 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
$207,262
Tax year 2023
Assessed value
$11,092,800
Assessed 2023
Previous assessed
$11,092,800
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$3,737,916
Assessed improvement
$7,354,884
Land market value
$3,737,916
Improvement market value
$7,354,884
Total market value
$11,092,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
9
Total area
62,835 SF
Lot
20.9 ac (910,615 SF)
Zoning code
PD
APN
U323119ZZZ000001759601
UPID
US18-2364122
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Apollo Beach, FL
Zoning PD · permitted uses
PD · Apollo Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apollo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.3M
MEDICAL BUILDING
Est. value
$15.6M
RETAIL STORES
Est. value
$13.7M
OFFICE BUILDING
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
9
Lot
20.9 ac
Current owner
From public records · entity-resolved
1941 Dev LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2007
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
Jan 11, 2007
$2,472,000
1941 Dev LLC
Baileys Bch La Trust 50300
Warranty Deed
—
May 16, 2006
—
Coram Deo Coml Props INC
Safety Harbor Capital Cor
Quit Claim Deed
related
—
Feb 17, 2005
—
Baileys Beach Land Trust 50300
Baileys Beach Land Trust 5
Quit Claim Deed
related
—
Feb 10, 2005
—
Deo Commercial Propertie Coram
Safety Harbor Capital Corp
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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