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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Strip malls
723 Columbus Dr Tampa, FL 33602
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-8712394
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,272 SF
Lot
0.84 ac (36,429 SF)
Zoning code
CG
APN
A1129184QK000000000060
UPID
US18-8712394
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
-
Heights Smoke Shop (Bike/Boat/Book/etc) Store
-
CRA Tampa Corporate Office
-
Amazon Locker - Boogeyman Postal Service Courier Service
-
Rich Arone jiujitsu Training Center Sports School
-
Heights Kava Lounge Restaurant Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
723 W Columbus Dr LLC · 9 yrs held
723 W Columbus Dr LLC
since 2017
7 recorded transactions
Zoning & alternative use
CG · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,615,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$152 / 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
$21,484
Tax year 2023
Assessed value
$1,080,300
Assessed 2023
Previous assessed
$1,080,300
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$450,761
Assessed improvement
$629,539
Land market value
$450,761
Improvement market value
$629,539
Total market value
$1,080,300
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Rooms
3
Bathrooms
7
Total area
7,272 SF
Lot
0.84 ac (36,429 SF)
Zoning code
CG
APN
A1129184QK000000000060
UPID
US18-8712394
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
Est. value
$1.6M
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Rooms
3
Bathrooms
7
Lot
0.84 ac
Current owner
From public records · entity-resolved
723 W Columbus Dr LLC
Entity
Mailing address
15429 N FLORIDA AVE, TAMPA, FL 33613-1235
Ownership since
2017
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
Aug 4, 2021
—
723 W Columbus Dr LLC
—
Deed
related
$1,013,500 · Jpmorgan Chase Bank NA
Apr 5, 2017
$1,195,000
723 W Columbus Dr LLC
Salti Holdings LLC
Trustees Deed
$1,208,400 · Usameribank
Sep 8, 2016
$775,000
Salti Holdings LLC
Niki Supplies LLC
Warranty Deed
$575,000 · Niki Supplies LLC
Jun 28, 2016
—
Niki Supplies LLC
—
Deed
related
$237,912 · Iberiabank
Feb 22, 2005
$415,000
Niki Supplies LLC
Ribhi A Hammad
Warranty Deed
$290,500 · Silver Hill Financial LLC
Aug 12, 2003
$182,860
Ribhi A Hammad
Hillsborough Tax Deed Clerk
Trustees Deed
—
—
—
Niki Supplies LLC
—
Deed Of Trust
related
$450,000 · Florida Bk
—
—
Niki Supplies LLC
—
Loan Modification
related
$237,912 · Iberiabank
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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