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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Distribution centers
6233 Manhattan Ave Tampa, FL 33616-1427
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0502062
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,241 SF
Lot
0.71 ac (30,773 SF)
Zoning code
CI
APN
A173018ZZZ000005555900
UPID
US19-0502062
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
-
Admiral Propeller Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
$3.46M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.47M
Owner & transaction history
Industrial Holdings Of Tampa LLC · 3 yrs held
Industrial Holdings Of Tampa LLC
since 2023
Last sale
$2.4M
3 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.0M
+72.5%
Retail stores
$3.4M
+47.2%
Auto repair, garage
$2.9M
+27.9%
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
$2,635,000
ML approach
$2,720,000
CAP Approach
CAP Return
Estimation
6%
$3,745,000
6.5%
$3,460,000
7%
$3,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,300,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,965,000
Change: +72% · Conversion: Moderate
RETAIL STORES
$3,385,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,940,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.40M (Jul 30 2021)
Last sale anchor
$2.40M
Jul 30 2021
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
$162 / 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
$16,929
Tax year 2023
Assessed value
$1,378,500
Assessed 2023
Previous assessed
$1,378,500
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$212,334
Assessed improvement
$1,166,166
Land market value
$212,334
Improvement market value
$1,166,166
Total market value
$1,378,500
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
3
Total area
15,241 SF
Lot
0.71 ac (30,773 SF)
Zoning code
CI
APN
A173018ZZZ000005555900
UPID
US19-0502062
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
WAREHOUSE, STORAGE Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
0.71 ac
Current owner
From public records · entity-resolved
Industrial Holdings Of Tampa LLC
Entity
Mailing address
6003 E RDG DR, SHREVEPORT, LA 71106-2425
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$2,400,000
Industrial Holdings Of Tampa LLC
Musselman Enterprises INC
Warranty Deed
$3,840,000 · Bank Of America NA
Jul 30, 2021
$825,000
Malna Park LLC
Musselman Enterprises INC
Special Warranty Deed
—
Apr 8, 2004
$400,000
Musselman Enterprises INC
Chandler,john D
Grant Deed
$385,000 · John D Chandler
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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