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Property profile & analytics
OFF-MARKET
Estimated value
$3,195,000
Distribution centers
5906 Johns Rd Tampa, FL 33634-4422
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3169747
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,944 SF
Lot
2 ac (87,120 SF)
Zoning code
SPI-AP-3
APN
U312818ZZZ000001019100
UPID
US18-3169747
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
-
Deco Design District Carpet & Flooring Store Hardware & Home Improvement
-
The Flooring District Hardware & Home Improvement Carpet & Flooring Store
-
Miami Flooring Distributors Carpet & Flooring Store Hardware & Home Improvement
-
Tile Connection Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
$3.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Milestone Construction Services LLC · 3 yrs held
Milestone Construction Services LLC
since 2023
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
SPI-AP-3 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+36.0%
Neighborhood: shopping center
$4.4M
+30.9%
Retail stores
$3.8M
+11.7%
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
$3,065,000
ML approach
$3,105,000
CAP Approach
CAP Return
Estimation
6%
$4,165,000
6.5%
$3,845,000
7%
$3,570,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,370,000
Current use
MEDICAL BUILDING
$4,580,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,410,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$3,760,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$3,715,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,270,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$3.20M
Range $2.88M – $3.51M · ±10% · vs last sale $3.30M (Jun 12 2023)
Last sale anchor
$3.30M
Jun 12 2023
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
$189 / 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
$26,289
Tax year 2023
Assessed value
$2,131,900
Assessed 2023
Previous assessed
$1,118,600
+90.6% YoY
Effective rate
1.23%
On assessed value
Assessed land
$424,710
Assessed improvement
$1,707,190
Land market value
$424,710
Improvement market value
$1,707,190
Total market value
$2,131,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
100
Total area
16,944 SF
Lot
2 ac (87,120 SF)
Zoning code
SPI-AP-3
APN
U312818ZZZ000001019100
UPID
US18-3169747
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SPI-AP-3 · Tampa, FL
Zoning SPI-AP-3 · permitted uses
SPI-AP-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
WAREHOUSE, STORAGE 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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
100
Lot
2 ac
Current owner
From public records · entity-resolved
Milestone Construction Services LLC
Entity
Mailing address
5202 TAMPA W BLVD, TAMPA, FL 33634-2415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$3,300,000
Milestone Construction Services LLC
Emts INC
Warranty Deed
$3,300,000 · Milestone Construction Services LLC
Jun 12, 2023
—
Empire Trading INC
—
Deed
related
$600,000 · Milestone Construction Services LLC
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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