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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Showrooms
8417 Palm Riv Rd, Tampa, FL 33619-4313
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-5447428
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1996
Construction
STEEL FRAME
Total area
10,180 SF
Lot
26.07 ac (1,135,581 SF)
Zoning code
M
APN
U242919663000001530900
UPID
US18-5447428
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
-
Sunbelt Rentals Pump Solutions Plumbing Service Building Supply
-
Sunbelt Rentals Power & HVAC (Bike/Boat/Book/etc) Store Rental Equipment Company
-
sunbelt pump and power Agricultural Supply Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.62M
Owner & transaction history
Sabal Park Properties LLC · 13 yrs held
Sabal Park Properties LLC
since 2012
5 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+87.7%
Retail stores
$2.3M
+60.2%
Auto repair, garage
$2.2M
+55.3%
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
$975,000
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,650,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$2,260,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,190,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,980,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$159 / 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
$118,255
Tax year 2023
Assessed value
$6,179,600
Assessed 2023
Previous assessed
$5,718,000
+8.1% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,930,488
Assessed improvement
$4,249,112
Land market value
$1,930,488
Improvement market value
$4,249,112
Total market value
$6,179,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Units
2
Bathrooms
2
Total area
10,180 SF
Lot
26.07 ac (1,135,581 SF)
Zoning code
M
APN
U242919663000001530900
UPID
US18-5447428
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Tampa, FL
Zoning M · permitted uses
M · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1996
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
2
Bathrooms
2
Lot
26.07 ac
Current owner
From public records · entity-resolved
Sabal Park Properties LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 89188, TAMPA, FL 33689-0403
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2017
—
Sabal Park Properties LLC
—
Deed
related
$2,850,000 · First Citrus Bk
Dec 31, 2012
$1,500,000
Sabal Park Properties LLC
Rentokil Initial Environmental
Grant Deed
—
Jul 19, 2000
$550,000
Engineering Landmark
Rentokil Initial Environmental
Grant Deed
$500,000 · Platinum Bank
—
—
Engineering Landmark
—
Deed Of Trust
related
$57,000 · Platinum Bank
—
—
Sabal Park Properties LLC
—
Deed Of Trust
related
$2,850,000 · First Citrus Bk
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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