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Property profile & analytics
OFF-MARKET
Estimated value
$14,890,000
Distribution centers
5501 Pioneer Park Blvd Tampa, FL 33634-4456
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5077686
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,600 SF
Lot
5.56 ac (242,166 SF)
Zoning code
SPI-AP-5
APN
U30281816Z000000000100
UPID
US18-5077686
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
$9.24M
CAP Approach
CAP
$11.48M
Comparable Approach
Comparable
$14.61M
Blend (final)
Blend
$14.89M
Owner & transaction history
Sif II Tampa Pioneer Park LLC · 4 yrs held
Sif II Tampa Pioneer Park LLC
since 2022
Last sale
$16.0M
1 recorded transaction
Zoning & alternative use
SPI-AP-5 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.4M
+142.6%
Apartment house (5+ units)
$18.6M
+84.6%
Medical building
$13.7M
+36.0%
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
$16,350,000
ML approach
$9,240,000
CAP Approach
CAP Return
Estimation
6%
$12,435,000
6.5%
$11,480,000
7%
$10,660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,060,000
Current use
RESTAURANT
$24,395,000
Change: +143% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,560,000
Change: +85% · Conversion: Difficult
MEDICAL BUILDING
$13,680,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,165,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$11,235,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$11,090,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,765,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$14.89M
Range $13.40M – $16.38M · ±10% · vs last sale $16.00M (Jan 26 2022)
Last sale anchor
$16.00M
Jan 26 2022
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
$294 / 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
$122,666
Tax year 2023
Assessed value
$6,829,800
Assessed 2023
Previous assessed
$5,857,300
+16.6% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,410,375
Assessed improvement
$5,419,425
Land market value
$1,410,375
Improvement market value
$5,419,425
Total market value
$6,829,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Rooms
12
Total area
50,600 SF
Lot
5.56 ac (242,166 SF)
Zoning code
SPI-AP-5
APN
U30281816Z000000000100
UPID
US18-5077686
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SPI-AP-5 · Tampa, FL
Zoning SPI-AP-5 · permitted uses
SPI-AP-5 · 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
$10.1M
RESTAURANT
Est. value
$24.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.6M
MEDICAL BUILDING
Est. value
$13.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.2M
RETAIL STORES
Est. value
$11.2M
OFFICE BUILDING
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$9.8M
WAREHOUSE, STORAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
12
Lot
5.56 ac
Current owner
From public records · entity-resolved
Sif II Tampa Pioneer Park LLC
Entity
Free & Clear · 4 yrs held
Mailing address
730 3RD AVE, NEW YORK, NY 10017-3206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$16,000,000
Sif II Tampa Pioneer Park LLC
Liberty Property Limited Partnershi
Special Warranty 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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