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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Retail space
5707 Waters Ave Tampa, FL 33634-1255
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2278951
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,830 SF
Lot
0.75 ac (32,605 SF)
Zoning code
M
APN
U192818ZZZ000000913100
UPID
US18-2278951
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
-
Crystal Ballroom North Tampa Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.92M
Owner & transaction history
Blair Real Estate LLC · 4 yrs held
Blair Real Estate LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+21.8%
Neighborhood: shopping center
$2.6M
+17.2%
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
$1,965,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
$1,950,000
6.5%
$1,800,000
7%
$1,670,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,185,000
Current use
MEDICAL BUILDING
$2,655,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,555,000
Change: +17% · Conversion: Moderate
OFFICE BUILDING
$2,155,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$1,955,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,895,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10% · vs last sale $1.90M (May 6 2022)
Last sale anchor
$1.90M
May 6 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
$195 / 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
$28,600
Tax year 2023
Assessed value
$1,618,000
Assessed 2023
Previous assessed
$1,461,879
+10.7% YoY
Effective rate
1.77%
On assessed value
Assessed land
$489,075
Assessed improvement
$1,128,925
Land market value
$489,075
Improvement market value
$1,128,925
Total market value
$1,618,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
9,830 SF
Lot
0.75 ac (32,605 SF)
Zoning code
M
APN
U192818ZZZ000000913100
UPID
US18-2278951
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
RETAIL STORES Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
0.75 ac
Current owner
From public records · entity-resolved
Blair Real Estate LLC
Entity
Mailing address
2020 E KERR ST, SPRINGFIELD, MO 65803-8717
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$1,900,000
Blair Real Estate LLC
David P Reckell
Special Warranty Deed
$1,300,000 · Old Missouri Bank
Jul 18, 2018
$1,275,000
Reckell,david P Trust
Shoppes On Waters LLC
Grant Deed
—
Jan 26, 2016
$772,500
Shoppes On Waters LLC
Caravel Brazil LLC
Warranty Deed
$979,400 · First Green Bank
Oct 18, 2012
$15,000
Caravel Brazil LLC
Sheridan,james S Coc
Trustees Deed
—
Dec 11, 2007
—
Sheridan Plaza LLC
Sheridan,james S & Marybeth
Quit Claim Deed
related
$850,000 · Community Bank Of Manatee
Mar 31, 2005
$490,000
James Sheridan
Reyes Laura B Trust
Warranty Deed
—
Dec 24, 2003
—
Laura B Reyes
Mizzi,sheila D
Quit Claim Deed
related
—
May 2, 1996
—
Sheila R Mizzi
Reyes,laura B
Quit Claim Deed
related
—
—
—
Sheridan Plaza LLC
—
Deed Of Trust
related
$400,000 · Community Bank Of Manatee
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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