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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Distribution centers
5519 Chelsea St Tampa, FL 33610-7118
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0975569
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Construction
STEEL FRAME
Total area
15,351 SF
Lot
3.51 ac (152,895 SF)
Zoning code
CI
APN
U032919ZZZ000001446900
UPID
US18-0975569
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
-
Gramatica Sips International Industrial Manufacturer Production Facility
-
Statewide Fence Wholesale General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$2.41M
Owner & transaction history
Banyan Chelsea Street LLC · 2 yrs held
Banyan Chelsea Street LLC
since 2023
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.0M
+130.8%
Auto repair, garage
$3.0M
+71.2%
Industrial (general)
$2.7M
+55.1%
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
$2,325,000
ML approach
$2,305,000
CAP Approach
CAP Return
Estimation
6%
$2,000,000
6.5%
$1,845,000
7%
$1,710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,730,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,995,000
Change: +131% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,960,000
Change: +71% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,685,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.50M (Dec 13 2023)
Last sale anchor
$2.50M
Dec 13 2023
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
$157 / 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
$20,759
Tax year 2023
Assessed value
$1,242,563
Assessed 2023
Previous assessed
$1,088,189
+14.2% YoY
Effective rate
1.67%
On assessed value
Assessed land
$788,357
Assessed improvement
$454,206
Land market value
$788,357
Improvement market value
$454,206
Total market value
$1,242,563
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
1980
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
100
Total area
15,351 SF
Lot
3.51 ac (152,895 SF)
Zoning code
CI
APN
U032919ZZZ000001446900
UPID
US18-0975569
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FL
Zoning CI · permitted uses
CI · 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
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1980
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
100
Lot
3.51 ac
Current owner
From public records · entity-resolved
Banyan Chelsea Street LLC
Entity
Mailing address
10435 BERMUDA DR, HOLLYWOOD, FL 33026-4632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
Banyan Chelsea Street LLC
—
Deed
related
$2,960,000 · Grow Financial FCU
Aug 29, 2024
—
Banyan Chelsea Street LLC
—
Deed
related
$2,700,000 · Cfg Community Bank
Dec 13, 2023
$2,500,000
Banyan Chelsea Street LLC
Bay City Land INC
Special Warranty Deed
$1,875,000 · Meridian Bank
May 6, 1999
$625,000
Bay City Land Ind
Pallet Mgmt Group INC
Grant Deed
—
Oct 22, 1996
—
Pallet Management Group INC
Carrozza,s Thoma
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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