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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Retail space
5833 Memorial Hwy Tampa, FL 33615-5068
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US19-0508535
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,880 SF
Lot
0.52 ac (22,500 SF)
Zoning code
CN
APN
U0229170FF000000000110
UPID
US19-0508535
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
-
The Nails Palace Nail Salon
-
Biriyani Bowl - Tampa Restaurant
-
The ultimate Pool Service of Tampa Bay Renovation Specialist General Contractor
-
Pink Moscato Beauty Lounge Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Mills Investment Group LLC · 15 yrs held
Mills Investment Group LLC
since 2011
7 recorded transactions
Zoning & alternative use
CN · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
llowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Semino…
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
140.03 ac
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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$149 / 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
$4,914
Tax year 2023
Assessed value
$294,953
Assessed 2023
Previous assessed
$260,413
+13.3% YoY
Effective rate
1.67%
On assessed value
Assessed land
$232,875
Assessed improvement
$62,078
Land market value
$232,875
Improvement market value
$62,078
Total market value
$294,953
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Rooms
5
Total area
1,880 SF
Lot
0.52 ac (22,500 SF)
Zoning code
CN
APN
U0229170FF000000000110
UPID
US19-0508535
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CN · Tampa, FLZoning CN · permitted uses
CN · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
llowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16,
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
140.03 ac
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Rooms
5
Lot
0.52 ac
Current owner
From public records · entity-resolved
Mills Investment Group LLC
Entity
Mailing address
3955 VERSAILLES DR, TAMPA, FL 33634-7492
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2018
—
Mills Investment Group LLC
—
Grant Deed
related
$1,195,000 · Republic Bk&tr/in
Jan 25, 2011
—
Mills Investment Group LLC
5831 Mem Highway La Trust 1
Warranty Deed
related
—
Jul 3, 2006
$450,000
5833 Mem Highway Land Trust 1
D & M Lock & Safe INC
Warranty Deed
$352,000 · Mercantile Bank
Jul 13, 2001
$162,800
D & M Lock & Safe INC
Searfoss,nola K
Grant Deed
$162,800 · Nola K
—
—
5833 Mem Highway Land Trust No 1
—
Deed Of Trust
related
—
—
—
5833 Mem Highway Land Trust No 1
—
Deed Of Trust
related
$352,000 · Bay Cities Bank
—
—
D & M Lock & Safe INC
—
Deed Of Trust
related
$170,000 · Bank Of America
—
—
Mills Investment Group LLC
—
Deed Of Trust
related
$352,543 · Bay Cities 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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