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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Strip malls
5802 Armenia Ave Ste A Tampa, FL 33603-1000
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-0189407
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,900 SF
Lot
0.64 ac (27,700 SF)
Zoning code
CI
APN
A342818ZZZ000005413300
UPID
US18-0189407
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
-
Kavana Barbería Barber Shop
-
Mi Pueblito Bakery & Restaurant Cafe & Coffee Shop
-
Hungry Howie's Pizza & Subs Take-out & Catering
-
El Mini Market Food Market Farmer's Market
-
El Maguey MiniMarket Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Glory Investment Props LLC · 21 yrs held
Glory Investment Props LLC
since 2005
6 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+3.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,255,000
6.5%
$2,085,000
7%
$1,935,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,575,000
Current use
MEDICAL BUILDING
$2,675,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$2,525,000
Change: -2% · Conversion: Moderate
RETAIL STORES
$2,200,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10%
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
$183 / 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
$26,218
Tax year 2023
Assessed value
$1,350,400
Assessed 2023
Previous assessed
$1,350,400
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$304,700
Assessed improvement
$1,045,700
Land market value
$304,700
Improvement market value
$1,045,700
Total market value
$1,350,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
7
Rooms
7
Total area
9,900 SF
Lot
0.64 ac (27,700 SF)
Zoning code
CI
APN
A342818ZZZ000005413300
UPID
US18-0189407
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
7
Rooms
7
Lot
0.64 ac
Current owner
From public records · entity-resolved
Glory Investment Props LLC
Entity
Mailing address
PO BOX 262407, TAMPA, FL 33685-2407
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
Glory Investment Properties LLC
—
Deed
related
$100,000 · Grow Financial FCU
Nov 21, 2019
—
Glory Invs Prop LLC
—
Deed
related
$250,000 · Grow Fin'l FCU
Jan 11, 2005
$975,000
Glory Investment Props LLC
Lithia Associates
Warranty Deed
$683,000 · Heritage Bank Of Florida
Mar 21, 2003
$130,500
Lithia Associates LP
Thomas,tr
Grant Deed
—
Jul 23, 1996
—
John A Cacavas
Olivier,earl M
Grant Deed
related
—
—
—
Glory Invs Prop LLC
—
Loan Modification
related
$250,000 · Grow Fin'l FCU
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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