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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Strip malls
6920 Fowler Ave Temple Terrace, FL 33617-2722
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1047689
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,620 SF
Lot
0.35 ac (15,400 SF)
Zoning code
CN
APN
U1128191I10000I6000280
UPID
US18-1047689
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
$1.09M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.09M
Owner & transaction history
Royal Palms Properties LLC · 2 yrs held
Royal Palms Properties LLC
since 2024
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
CN · Temple Terrace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+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 Temple Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temple Terrace 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
$1,090,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$970,000
7%
$905,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,200,000
Current use
MEDICAL BUILDING
$1,250,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,025,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.09M (Jun 10 2024)
Last sale anchor
$1.09M
Jun 10 2024
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
$236 / 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
$10,297
Tax year 2023
Assessed value
$625,100
Assessed 2023
Previous assessed
$574,300
+8.8% YoY
Effective rate
1.65%
On assessed value
Assessed land
$223,300
Assessed improvement
$401,800
Land market value
$223,300
Improvement market value
$401,800
Total market value
$625,100
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
20
Rooms
20
Total area
4,620 SF
Lot
0.35 ac (15,400 SF)
Zoning code
CN
APN
U1128191I10000I6000280
UPID
US18-1047689
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CN · Temple Terrace, FL
Zoning CN · permitted uses
CN · Temple Terrace, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Temple Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
20
Rooms
20
Lot
0.35 ac
Current owner
From public records · entity-resolved
Royal Palms Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
13912 SHADY SHRS DR, TAMPA, FL 33613-1900
Ownership since
2024
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
Jun 10, 2024
$1,090,000
Royal Palms Properties LLC
James D Fisher
Warranty Deed
—
May 28, 2010
—
Fisher Family Trust
Fisher,james D & Janet E
Quit Claim Deed
related
—
Mar 30, 2000
$305,000
James D Fisher
Mahmud Trust
Grant Deed
$265,250 · Terrace Bank Florida
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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