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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Truck terminals
825 Severn Ave Tampa, FL 33606-4015
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-1194403
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1965
Construction
STEEL FRAME
Total area
4,600 SF
Lot
122.22 ac (5,324,078 SF)
Zoning code
M-AP-1
APN
A3629184J5000054000000
UPID
US18-1194403
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
-
Heli Aviation Travel Agency Tour Operator
-
flyVENTURE (Tampa) Travel Agency Tour Operator
-
US Helicopter Inc Freight Service Logistics Company
-
Vantage Aviation USA Freight Service Logistics Company
-
Mile High Helicopters Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$600k
Owner & transaction history
City Of Tampa · 6 yrs held
City Of Tampa
since 2020
1 recorded transaction
Zoning & alternative use
M-AP-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+172.1%
Commercial (general)
$765,000
+144.6%
Medical building
$675,000
+115.7%
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
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Change: +172% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +145% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$420,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$130 / 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
$41,202
Tax year 2023
Assessed value
$148,764,429
Assessed 2023
Previous assessed
$120,235,174
+23.7% YoY
Effective rate
0.03%
On assessed value
Assessed land
$140,108,421
Assessed improvement
$8,656,008
Land market value
$140,108,421
Improvement market value
$8,656,008
Total market value
$148,764,429
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
13
Stories
1
Units
1
Rooms
26
Bathrooms
1
Total area
4,600 SF
Lot
122.22 ac (5,324,078 SF)
Zoning code
M-AP-1
APN
A3629184J5000054000000
UPID
US18-1194403
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M-AP-1 · Tampa, FL
Zoning M-AP-1 · permitted uses
M-AP-1 · 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
OFFICE BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$765,000
MEDICAL BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$420,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1965
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
13
Units
1
Rooms
26
Bathrooms
1
Lot
122.22 ac
Current owner
From public records · entity-resolved
City Of Tampa
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 22287, TAMPA, FL 33622-2287
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Apr 28, 2020
—
City Of Tampa
Tampa Port Authority
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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