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Property profile & analytics
OFF-MARKET
Estimated value
$9,155,000
Distribution centers
5620 Linebaugh Ave Tampa, FL 33624-5133
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3224279
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 5620 W Linebaugh Ave in Tampa, Florida (zip code 33624), offers 21,849 square feet of immediately available warehouse space. Situated in the desirable Tampa Airport submarket of Hillsborough County, this multi-tenant building boasts a total of 73,934 square feet across two buildings. Individual spaces range from a minimum of 10,764 square feet to a maximum contiguous space of 11,085 square feet, providing flexibility for various business needs. The property features a 24-foot ceiling height, ample parking (1.14 spaces per 1,000 square feet), and convenient access via Linebaugh Ave frontage. Loading capabilities include three loading docks and two dock-high doors. The building is zoned "M" – Manufacturing, per Hillsborough County permitted uses, and offers robust power with 800 amps, 480 Volt, 3-phase service. This prime location provides easy access to major transportation routes and the Tampa International Airport. The property is ideal for businesses seeking efficient and well-equipped warehouse space in a thriving industrial area. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,680 SF
Lot
1.71 ac (74,593 SF)
Zoning code
M
APN
U192818ZZZ000000919200
UPID
US18-3224279
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
-
GO4 Junk Removal Hillsborough County Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.09M
CAP Approach
CAP
$10.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.16M
Owner & transaction history
Banyan Linebaugh Avenue LLC · 2 yrs held
Banyan Linebaugh Avenue LLC
since 2023
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.3M
+85.0%
Medical building
$12.9M
+79.2%
Neighborhood: shopping center
$12.4M
+72.5%
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 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
$8,735,000
ML approach
$9,085,000
CAP Approach
CAP Return
Estimation
6%
$11,720,000
6.5%
$10,820,000
7%
$10,045,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,190,000
Current use
OFFICE BUILDING
$13,300,000
Change: +85% · Conversion: Difficult
MEDICAL BUILDING
$12,890,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,405,000
Change: +72% · Conversion: Moderate
RETAIL STORES
$10,585,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,200,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$9.16M
Range $8.24M – $10.07M · ±10% · vs last sale $9.40M (Nov 21 2023)
Last sale anchor
$9.40M
Nov 21 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
$192 / 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
$51,513
Tax year 2023
Assessed value
$2,897,200
Assessed 2023
Previous assessed
$2,587,077
+12.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$807,723
Assessed improvement
$2,089,477
Land market value
$807,723
Improvement market value
$2,089,477
Total market value
$2,897,200
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
4
Rooms
3
Bathrooms
2
Total area
47,680 SF
Lot
1.71 ac (74,593 SF)
Zoning code
M
APN
U192818ZZZ000000919200
UPID
US18-3224279
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
WAREHOUSE, STORAGE Current
Est. value
$7.2M
OFFICE BUILDING
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.4M
RETAIL STORES
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$9.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
4
Rooms
3
Bathrooms
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Banyan Linebaugh Avenue LLC
Entity
Mailing address
10435 BERMUDA DR, HOLLYWOOD, FL 33026-4632
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$9,400,000
Banyan Linebaugh Avenue LLC
Aventine Hill LLC
Warranty Deed
$9,750,000 · Cfg Community Bank
May 20, 2022
—
Avenitine Hill LLC
Centauri Enterprises LLC
Warranty Deed
—
May 15, 2020
—
Aventine Hill LLC
—
Deed Of Trust
related
$300,000 · Charles Cailliau
Aug 1, 2018
—
Aventine Hill LLC
Ostrander,elena C
Quit Claim Deed
related
—
Aug 1, 2018
$880,000
Aventine Hill LLC
Ostrander,elena C
Grant Deed
$695,000 · Gulfview Investments LLC
Jul 12, 2003
$513,000
Elena C Ostrander
Ostrander,maria A & Isabel C
Quit Claim Deed
related
$600,000 · Interbay Funding LLC
Dec 14, 1998
$470,000
Maria A Ostrander
Ostrander,thomas H & Carmen E
Grant Deed
related
$481,000 · First Commercial Bank Of Tampa
Mar 10, 1997
$175,000
Thomas H Ostrander
Butler,marie E
Grant Deed
$130,000 · Individual
—
—
Thomas H Ostrander
—
Deed Of Trust
related
$40,000 · Individual
—
—
Aventine Hill LLC
—
Deed Of Trust
related
$800,000 · Ira #8005205
—
—
Thomas E Ostrander
—
Deed Of Trust
related
$130,000 · Individual
—
—
Elena Ostrander
—
Deed Of Trust
related
$1,130,000 · Greenpoint Mortgage Funding
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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