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Property profile & analytics
OFF-MARKET
Estimated value
$12,720,000
Super regional malls
6402 41st Hwy, Apollo Beach, FL 33572
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-2358854
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,703 SF
Lot
11.53 ac (502,223 SF)
Zoning code
PD
APN
U2231191SF000000610000
UPID
US18-2358854
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.72M
Owner & transaction history
Real Sub LLC · 12 yrs held
Real Sub LLC
since 2014
7 recorded transactions
Zoning & alternative use
PD · Apollo Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.0M
+1.5%
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 Apollo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apollo Beach 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%
$14,950,000
6.5%
$13,800,000
7%
$12,815,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$19,685,000
Current use
MEDICAL BUILDING
$19,990,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$17,580,000
Change: -11% · Conversion: Easy
OFFICE BUILDING
$17,045,000
Change: -13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,000,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$12.72M
Range $11.45M – $13.99M · ±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
$158 / 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
$257,685
Tax year 2023
Assessed value
$14,248,600
Assessed 2023
Previous assessed
$14,248,600
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$3,556,141
Assessed improvement
$10,692,459
Land market value
$3,556,141
Improvement market value
$10,692,459
Total market value
$14,248,600
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
30
Rooms
64
Total area
80,703 SF
Lot
11.53 ac (502,223 SF)
Zoning code
PD
APN
U2231191SF000000610000
UPID
US18-2358854
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Apollo Beach, FL
Zoning PD · permitted uses
PD · Apollo Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apollo Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$20.0M
RETAIL STORES
Est. value
$17.6M
OFFICE BUILDING
Est. value
$17.0M
COMMERCIAL (GENERAL)
Est. value
$17.0M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
30
Rooms
64
Lot
11.53 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2014
$12,800,000
Real Sub LLC
Kla Apollo Beach LLC
Grant Deed
—
Jun 14, 2011
—
Kla Apollo Beach LLC
Paradise Shoppes Of Apollo Bch Ll
Grant Deed
—
Sep 8, 2005
$1,350,000
Colonial Bank NA
Paradise Shoppes Of Apollo Bch
Warranty Deed
related
—
Apr 2, 2004
$6,475,000
Shoppes At Apolio Bea Paradise
Apollo Beach Center Lc
Grant Deed
related
$11,479,116 · Wachovia Bank NA
Oct 28, 2003
—
Plaza Place LLC
Phagan,richard L & Judith D
Quit Claim Deed
related
$1,000,000 · Colonial Bank
—
—
Paradise Shoppes Of Apollo Bch
—
Deed Of Trust
related
$375,000 · Wachovia Bank NA
—
—
Paradise Shoppes Of Apollo Bch
—
Deed Of Trust
related
$5,240,282 · Wachovia Bank NA
—
—
Kla Apollo Beach LLC
—
Deed Of Trust
related
$7,400,000 · Great American Life Insurance
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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