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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Commercial land
5801 41st Hwy, Apollo Beach, FL 33572
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5614496
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,229 SF
Lot
6.2 ac (270,072 SF)
Zoning code
CI
APN
U273119ZZZ000001755500
UPID
US18-5614496
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
$2.44M
CAP Approach
CAP
$3.10M
Comparable Approach
Comparable
$3.42M
Blend (final)
Blend
$2.50M
Owner & transaction history
Spacebox Apollo Beach LLC · 4 yrs held
Spacebox Apollo Beach LLC
since 2021
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
CI · Apollo Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.0M
+17.6%
Neighborhood: shopping center
$4.0M
+15.8%
Retail stores
$3.5M
+3.4%
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 Apollo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apollo Beach 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
$2,560,000
ML approach
$2,435,000
CAP Approach
CAP Return
Estimation
6%
$3,360,000
6.5%
$3,100,000
7%
$2,880,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,420,000
Current use
MEDICAL BUILDING
$4,020,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,960,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$3,535,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$3,430,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,060,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.50M (Dec 27 2021)
Last sale anchor
$2.50M
Dec 27 2021
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
$154 / 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
$33,860
Tax year 2023
Assessed value
$2,009,282
Assessed 2023
Previous assessed
$1,744,611
+15.2% YoY
Effective rate
1.69%
On assessed value
Assessed land
$2,009,282
Land market value
$2,009,282
Total market value
$2,009,282
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
16,229 SF
Lot
6.2 ac (270,072 SF)
Zoning code
CI
APN
U273119ZZZ000001755500
UPID
US18-5614496
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Apollo Beach, FL
Zoning CI · permitted uses
CI · Apollo Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apollo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
6.2 ac
Current owner
From public records · entity-resolved
Spacebox Apollo Beach LLC
Entity
Mailing address
112 SHEFFIELD LOOPD, HATTIESBURG, MS 39402-1406
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
Spacebox Apollo Beach LLC
Sd 228 Investments Of Hillsborough
Quit Claim Deed
related
$545,000 · Priorityone Bank
Dec 27, 2021
$2,500,000
Spacebox Appollo Beach LLC
Sd 228 Investments Of Hillsborough
Special Warranty Deed
—
May 11, 2016
$800,000
Sd 228 Invs Of Hillsborough LLC
Vi Luu Corp
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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