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Property profile & analytics
OFF-MARKET
Estimated value
$7,825,000
Distribution centers
7004 Benjamin Rd Tampa, FL 33634-3045
Entity Owned
24-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0950051
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,174 SF
Lot
8.83 ac (384,544 SF)
Zoning code
PD
APN
U302818ZZZ000001006700
UPID
US18-0950051
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
-
Tom Barrow Co Hardware & Home Improvement HVAC Service
-
Crown Park At Benjamin Road Owners Association, Inc. Charitable Organization Social Service Agency
-
Richelieu TAMPA Building Supply Hardware & Home Improvement
-
Red Fox Medical Couriers Courier Service Postal Service
-
Crossville Studios Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.83M
Owner & transaction history
Eastgroup Properties LP · 24 yrs held
Eastgroup Properties LP
since 2002
1 recorded transaction
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.2M
+36.0%
Neighborhood: shopping center
$11.8M
+30.9%
Retail stores
$10.0M
+11.7%
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%
$11,105,000
6.5%
$10,250,000
7%
$9,515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,980,000
Current use
MEDICAL BUILDING
$12,210,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,750,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$10,030,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$9,900,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,715,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$7.83M
Range $7.04M – $8.61M · ±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
$173 / 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
$174,135
Tax year 2023
Assessed value
$10,376,100
Assessed 2023
Previous assessed
$8,839,000
+17.4% YoY
Effective rate
1.68%
On assessed value
Assessed land
$2,174,598
Assessed improvement
$8,201,502
Land market value
$2,174,598
Improvement market value
$8,201,502
Total market value
$10,376,100
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
45,174 SF
Lot
8.83 ac (384,544 SF)
Zoning code
PD
APN
U302818ZZZ000001006700
UPID
US18-0950051
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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
$9.0M
MEDICAL BUILDING
Est. value
$12.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
RETAIL STORES
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$8.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
8.83 ac
Current owner
From public records · entity-resolved
Eastgroup Properties LP
Entity
Free & Clear · 24 yrs held
Mailing address
9206 FLORIDA PALM DR, TAMPA, FL 33619-4352
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2002
$916,000
Eastgroup Properties LP
Rafferty,peter
Grant Deed
—
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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