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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail properties & Spaces
5815 Memorial Hwy, Tampa, FL 33615-5042
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1440734
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1974
Construction
STEEL FRAME
Total area
4,720 SF
Lot
0.51 ac (22,425 SF)
Zoning code
CN
APN
U0229170FF000000000050
UPID
US18-1440734
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
-
Flex Moving & Storage Storage Facility
-
Hall Brothers Auto Sales Car Dealership
-
C.N.A Technical Center Vocational School Training Center
-
Soigne Rose Spa & Body Lounge LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Pinellas Investments LLC · 2 yrs held
Pinellas Investments LLC
since 2024
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
CN · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+166.2%
Medical building
$1.3M
+103.8%
Neighborhood: shopping center
$1.2M
+96.2%
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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$625,000
Current use
OFFICE BUILDING
$1,665,000
Change: +166% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: +104% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,230,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$910,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jan 23 2024)
Last sale anchor
$1.00M
Jan 23 2024
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
$212 / 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
$6,632
Tax year 2023
Assessed value
$414,400
Assessed 2023
Previous assessed
$352,500
+17.6% YoY
Effective rate
1.60%
On assessed value
Assessed land
$232,099
Assessed improvement
$182,301
Land market value
$232,099
Improvement market value
$182,301
Total market value
$414,400
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Rooms
4
Total area
4,720 SF
Lot
0.51 ac (22,425 SF)
Zoning code
CN
APN
U0229170FF000000000050
UPID
US18-1440734
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CN · Tampa, FL
Zoning CN · permitted uses
CN · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$625,000
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$900,000
WAREHOUSE, STORAGE
Est. value
$710,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Rooms
4
Lot
0.51 ac
Current owner
From public records · entity-resolved
Pinellas Investments LLC
Entity
Mailing address
3060 LEANNE CT, CLEARWATER, FL 33759-1425
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
$1,000,000
Pinellas Investments LLC
Taysky Holdings LLC
Warranty Deed
$700,000 · Taysky Holdings LLC
Apr 1, 2009
$324,000
Taysky Holdings LLC
Rawls,fitzhugh L & Tomelyn B
Warranty Deed
$299,000 · Fitzhugh & Tomelyn Rawls
—
—
Fitzhugh L Rawls
—
Deed Of Trust
related
$78,000 · Manufacturers Bank Of Florida
—
—
Fitzhugh L Rawls
—
Deed Of Trust
related
$27,985 · Southtrust Bank NA
—
—
Taysky Holdings LLC
—
Deed Of Trust
related
$280,000 · Gulfshore 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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