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Property profile & analytics
OFF-MARKET
Estimated value
$5,735,000
Distribution centers
6704 54th St Tampa, FL 33610-1912
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US19-0420633
Property summary
AI-generated overview
This exceptional Tampa warehouse property, located at 6704 N 54th St, offers 81,400 square feet of total building space, with 20,000 square feet currently available for lease. Situated in Hillsborough County, Florida, and boasting a convenient Tampa location (zip code 33610), this industrial property is ideal for businesses requiring substantial storage and operational space. The warehouse features a generous ceiling height of 18 feet, providing ample vertical clearance for various storage and operational needs. The property includes one dock-high door, facilitating efficient loading and unloading of goods. The property is classified as multi-tenant, offering flexibility for businesses of varying sizes. This prime location in Tampa, Florida presents a unique opportunity for businesses seeking a well-maintained and strategically located warehouse space. The available 20,000 square feet provides significant room for expansion or consolidation, making it a versatile option for a range of industrial operations. Interested parties are encouraged to inquire about lease terms and availability. The property's address is 6704-6712 N 54th St, Tampa, FL 33610.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
84,595 SF
Lot
3.33 ac (145,040 SF)
Zoning code
M
APN
U342819ZZZ000001403200
UPID
US19-0420633
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
-
Acousti Engineering Company of Florida Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.72M
Blend (final)
Blend
$5.74M
Owner & transaction history
Frg-x-dmd-fl LP
Frg-x-dmd-fl LP
since 2026
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,725,000
ML approach
$6,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,535,000
Current use
Blend value · Realmo final
$5.74M
Range $5.16M – $6.31M · ±10% · vs last sale $5.60M (Dec 19 2022)
Last sale anchor
$5.60M
Dec 19 2022
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
$68 / 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
$84,315
Tax year 2023
Assessed value
$4,699,200
Assessed 2023
Previous assessed
$3,974,800
+18.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$752,888
Assessed improvement
$3,946,312
Land market value
$752,888
Improvement market value
$3,946,312
Total market value
$4,699,200
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
15
Total area
84,595 SF
Lot
3.33 ac (145,040 SF)
Zoning code
M
APN
U342819ZZZ000001403200
UPID
US19-0420633
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Tampa, FL
Zoning M · permitted uses
M · 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
$9.5M
WAREHOUSE, STORAGE Current
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
15
Lot
3.33 ac
Current owner
From public records · entity-resolved
Frg-x-dmd-fl LP
Entity
Mailing address
140 E 45TH STFL16, NEW YORK, NY 10017-3144
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 6, 2026
—
Frg-x-dmd-fl LP
Frg-x-fl2 LP
Special Warranty Deed
related
$325,000,000
Nov 25, 2024
—
Frg X Fl2 LP
East Tampa 54 Industrial LLC
Special Warranty Deed
—
Dec 19, 2022
$5,600,000
East Tampa 54 Industrial LLC
E And F Agency INC
Special Warranty Deed
$2,150,000 · Woodmen Of The World Life Insurance
Apr 13, 2005
$100,000
Jacques R Riviere
E & F Agency INC
Warranty Deed
$90,000 · Tom P Martino INC
Apr 8, 2005
—
E & F Agency INC
Riviere,jacques R
Quit Claim Deed
related
—
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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