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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Retail space
702 Columbus Dr Tampa, FL 33602-1214
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1036595
Property summary
AI-generated overview
This exceptional retail opportunity is located in the highly sought-after Riverwalk district of Tampa, Florida, within Hillsborough County. The Landing at Riverwalk - Phase 1 offers two available commercial spaces totaling 2,404 square feet, currently 100% vacant and ready for immediate occupancy. This new luxury mixed-use development boasts a prime location next to popular establishments such as Woven Water Brewing Company, and a short distance from Sprouts and the bustling Armature Works. The building is part of a thriving area experiencing significant growth, situated in one of the nation's top 10 fastest-growing counties. The property features a first-floor parking garage for convenient access. The upper floors house eight upscale apartments, ranging from 700 to 939 square feet, adding to the vibrant atmosphere of the development. This is an unparalleled chance to establish a presence in a rapidly expanding and highly desirable Tampa neighborhood. Projected completion and possession are slated for Q2 2025. The property is classified as retail commercial with multiple tenancy options. The address is 702 W Columbus Dr, Tampa, FL 33602.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,100 SF
Lot
0.51 ac (22,080 SF)
Zoning code
CG
APN
A1429184S0A00000000010
UPID
US18-1036595
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
-
6401 west shore Apartment Complex
-
American All Star Painting Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.67M
Owner & transaction history
Cowboys And Pirates LLC · 3 yrs held
Cowboys And Pirates LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.6M
+65.2%
Medical building
$1.9M
+21.8%
Neighborhood: shopping center
$1.8M
+17.2%
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
$1,370,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,300,000
7%
$1,210,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,605,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$1,920,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,845,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,370,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,355,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.98M (Jul 7 2023)
Last sale anchor
$1.98M
Jul 7 2023
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
$235 / 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
$17,384
Tax year 2023
Assessed value
$890,438
Assessed 2023
Previous assessed
$627,402
+41.9% YoY
Effective rate
1.95%
On assessed value
Assessed land
$427,950
Assessed improvement
$462,488
Land market value
$427,950
Improvement market value
$462,488
Total market value
$890,438
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
6
Total area
7,100 SF
Lot
0.51 ac (22,080 SF)
Zoning code
CG
APN
A1429184S0A00000000010
UPID
US18-1036595
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Tampa, FL
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
6
Lot
0.51 ac
Current owner
From public records · entity-resolved
Cowboys And Pirates LLC
Entity
Mailing address
901 S MOPAC EXPY #160, AUSTIN, TX 78746-5776
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
$1,977,600
Cowboys And Pirates LLC
Skyline 41 Investments LLC
Warranty Deed
$10,800,000 · Matterhorn Capital Partners LP
Mar 14, 2022
$1,200,000
Skyline 41 Investments LLC
Sh Reo LLC
Warranty Deed
$900,000 · Genesis Capital LLC
Nov 3, 2021
—
Sh Reo LLC
Silver Heights Development LLC
Quit Claim Deed
related
—
Sep 26, 2019
—
702 Columbus Drive Assocs LLC
—
Loan Modification
related
$1,065,000 · Silver Hts Dev LLC
Dec 18, 2018
$1,200,000
702 Columbus Drive Assocs LLC
Rattan,pawan K
Warranty Deed
$1,000,000 · Pawan K Rattan
Jun 10, 2015
—
Pawan K Rattan
Rattan Aneeta
Quit Claim Deed
related
—
Apr 14, 2015
$300,000
Aneeta Rattan
Anchor Of Our Souls Ministry INC
Warranty Deed
—
Dec 30, 2011
$570,000
Anchor Of Our Soul Ministries INC
Rattan,pawan K
Warranty Deed
$555,000 · Pawan K Rattan
Jun 21, 2002
$280,000
Pawan K Rattan
Leto,anthony & Orsela
Grant Deed
$252,000 · Anthony & Orsela Leto
—
—
702 Columbus Drive Assocs LLC
—
Deed Of Trust
related
$250,000 · Alfnj LLC
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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