New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,635,000
Office buildings
5463 Waters Ave Tampa, FL 33634-1253
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3111058
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,151 SF
Lot
4.52 ac (196,803 SF)
Zoning code
M
APN
U19281889R000000000090
UPID
US18-3111058
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
-
Terracon Consultants Inc Laboratory Engineering Consultant
-
Roy the Plumbing Pro LLC Plumbing Service General Contractor
-
ThinkShapes Mail (Bike/Boat/Book/etc) Store Printing Service
-
Heart Gallery of Tampa, Inc Charitable Organization Social Service Agency
-
People Facs Inc Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.29M
Comparable Approach
Comparable
$7.61M
Blend (final)
Blend
$7.64M
Owner & transaction history
Denholtz Tcw LLC · 6 yrs held
Denholtz Tcw LLC
since 2020
2 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.5M
+23.3%
Neighborhood: shopping center
$12.0M
+18.7%
Retail stores
$10.2M
+1.3%
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%
$11,150,000
6.5%
$10,290,000
7%
$9,555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,115,000
Current use
MEDICAL BUILDING
$12,475,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,005,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$10,245,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,175,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,905,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.64M
Range $6.87M – $8.40M · ±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
$165 / 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
$80,146
Tax year 2023
Assessed value
$5,195,500
Assessed 2023
Previous assessed
$5,195,500
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,346,880
Assessed improvement
$3,848,620
Land market value
$1,346,880
Improvement market value
$3,848,620
Total market value
$5,195,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Bathrooms
2
Total area
46,151 SF
Lot
4.52 ac (196,803 SF)
Zoning code
M
APN
U19281889R000000000090
UPID
US18-3111058
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Tampa, FL
Zoning M · permitted uses
M · 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
OFFICE BUILDING Current
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$12.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
RETAIL STORES
Est. value
$10.2M
WAREHOUSE, STORAGE
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$8.9M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Bathrooms
2
Lot
4.52 ac
Current owner
From public records · entity-resolved
Denholtz Tcw LLC
Entity
Mailing address
116 CHESTNUT ST STE #102, RED BANK, NJ 07701-1271
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 10, 2020
—
Denholtz Tcw LLC
—
Deed
related
$18,600,000 · Citizens Bk NA
—
—
Denholtz Tcw LLC
—
Deed Of Trust
related
$18,600,000 · Citizens Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5463 Waters Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
