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Property profile & analytics
OFF-MARKET
Estimated value
$10,660,000
Hotels
5628 Waters Ave Tampa, FL 33634-1213
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0150893
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
WOOD
Total area
48,908 SF
Lot
2.72 ac (118,598 SF)
Zoning code
M
APN
U302818ZZZ000000987500
UPID
US18-0150893
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
-
Hampton Inn Tampa-Veterans Expwy (Airport North) Hotel & Motel
-
Raymond James Stadium Gym & Fitness Center Sports Field & Court
-
universidad del turabo High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.38M
Blend (final)
Blend
$10.66M
Owner & transaction history
Big Tampa LLC · 2 yrs held
Big Tampa LLC
since 2023
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.2M
+47.6%
Neighborhood: shopping center
$12.7M
+42.0%
Retail stores
$10.9M
+21.2%
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
$12,735,000
ML approach
$9,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,960,000
Current use
MEDICAL BUILDING
$13,220,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,725,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$10,860,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$10,720,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,720,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$10.66M
Range $9.59M – $11.73M · ±10% · vs last sale $13.70M (Sep 5 2023)
Last sale anchor
$13.70M
Sep 5 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
$218 / 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
$117,801
Tax year 2023
Assessed value
$6,690,100
Assessed 2023
Previous assessed
$7,718,000
-13.3% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,706,744
Assessed improvement
$4,983,356
Land market value
$1,706,744
Improvement market value
$4,983,356
Total market value
$6,690,100
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
5
Units
86
Rooms
86
Bathrooms
89
Total area
48,908 SF
Lot
2.72 ac (118,598 SF)
Zoning code
M
APN
U302818ZZZ000000987500
UPID
US18-0150893
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
HOTEL/MOTEL Current
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
RETAIL STORES
Est. value
$10.9M
OFFICE BUILDING
Est. value
$10.7M
WAREHOUSE, STORAGE
Est. value
$9.7M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
5
Units
86
Rooms
86
Bathrooms
89
Lot
2.72 ac
Current owner
From public records · entity-resolved
Big Tampa LLC
Entity
Mailing address
19046 BRUCE D D, TAMPA, FL 33647
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
$13,700,000
Big Tampa LLC
Hhitan LP
Special Warranty Deed
—
Aug 9, 2023
—
Hhitan LP
Sarabjit Mangat
Quit Claim Deed
related
—
Jan 24, 2017
—
Mabead Group LLC
—
Deed
related
$2,000,000 · First Fl Integrity Bk
Nov 12, 2010
$100,100
West Waters Avenue Holdin 5628
Patmar Waters LLC Coc
Trustees Deed
related
—
Dec 22, 1999
$565,000
Metropolis Developers INC
Gardner,john D
Grant Deed
—
—
—
Mabead Group LLC
—
Deed Of Trust
related
$2,000,000 · First Fl Integrity Bk
—
—
Patmar Waters LLC
—
Deed Of Trust
related
$7,100,000 · Lasalle National Bank
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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