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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Strip malls
610 Armenia Ave Tampa, FL 33609-4196
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-2581724
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,759 SF
Lot
0.52 ac (22,659 SF)
Zoning code
CI
APN
A2329184SB000024000030
UPID
US18-2581724
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
-
Empower PT Medical Clinic
-
Victor Brothers General Contractor
-
Gourmet Pizza Company & Wine Bar Restaurant
-
Hybrid Rehab and Performance Chiropractic Alternative Medicine Practice
-
Headdress Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Shah Realty LLC · 12 yrs held
Shah Realty LLC
since 2014
5 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+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%
$1,995,000
6.5%
$1,845,000
7%
$1,710,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,280,000
Current use
MEDICAL BUILDING
$2,370,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,945,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±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
$175 / 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
$38,846
Tax year 2023
Assessed value
$2,172,400
Assessed 2023
Previous assessed
$2,172,400
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,217,921
Assessed improvement
$954,479
Land market value
$1,217,921
Improvement market value
$954,479
Total market value
$2,172,400
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Rooms
4
Bathrooms
2
Total area
8,759 SF
Lot
0.52 ac (22,659 SF)
Zoning code
CI
APN
A2329184SB000024000030
UPID
US18-2581724
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
$2.3M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL 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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Rooms
4
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Shah Realty LLC
Entity
Mailing address
3601 W MORRISON AVE, TAMPA, FL 33629-5113
Ownership since
2014
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
Dec 1, 2018
—
Shah Realty LLC
—
Deed
related
$750,163 · Valley Nat'l Bk
Jan 13, 2014
$1,200,000
Shah Realty LLC
Hollister Holdings LLC
Warranty Deed
$900,000 · Usameribank
Dec 2, 2008
$275,000
Hollister Holdings LLC
Boyd,david H & Silvia R
Warranty Deed
$1,050,000 · Regions Bank
Mar 2, 1998
$290,000
David H Boyd
Petros,ernest J
Grant Deed
related
$287,000 · Seller
—
—
Shah Realty LLC
—
Loan Modification
related
$750,163 · Valley Nat'l Bk
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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