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Property profile & analytics
OFF-MARKET
Estimated value
$8,415,000
Manufacturing properties
8419 Sunstate St Tampa, FL 33634-1306
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2862907
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,582 SF
Lot
3.03 ac (132,100 SF)
Zoning code
PD
APN
U2028181470000020004A0
UPID
US18-2862907
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
-
Hemp Bombs Food Processing Plant
-
Mystic Labs Department Store
-
Mystic Labs D8 Department Store
-
Global Widget Llc Corporate Office
-
Garden Grown Essentials (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.15M
CAP Approach
CAP
$8.71M
Comparable Approach
Comparable
$6.74M
Blend (final)
Blend
$8.42M
Owner & transaction history
Tampa Industrial Associates LLC · 3 yrs held
Tampa Industrial Associates LLC
since 2022
Last sale
$8.3M
5 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.6M
+54.6%
Neighborhood: shopping center
$12.1M
+48.8%
Retail stores
$10.3M
+27.0%
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
$8,440,000
ML approach
$9,145,000
CAP Approach
CAP Return
Estimation
6%
$9,430,000
6.5%
$8,705,000
7%
$8,080,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,145,000
Current use
MEDICAL BUILDING
$12,590,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,120,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$10,345,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$10,210,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,260,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$8.42M
Range $7.57M – $9.26M · ±10% · vs last sale $8.26M (Aug 1 2022)
Last sale anchor
$8.26M
Aug 1 2022
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
$181 / 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
$113,353
Tax year 2023
Assessed value
$6,427,300
Assessed 2023
Previous assessed
$4,199,800
+53.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$941,212
Assessed improvement
$5,486,088
Land market value
$941,212
Improvement market value
$5,486,088
Total market value
$6,427,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
12
Total area
46,582 SF
Lot
3.03 ac (132,100 SF)
Zoning code
PD
APN
U2028181470000020004A0
UPID
US18-2862907
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$12.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
RETAIL STORES
Est. value
$10.3M
OFFICE BUILDING
Est. value
$10.2M
WAREHOUSE, STORAGE
Est. value
$9.3M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
12
Lot
3.03 ac
Current owner
From public records · entity-resolved
Tampa Industrial Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1985 CEDARBRIDGE AVE STE #1, LAKEWOOD, NJ 08701-7031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Dec 12, 2022
—
Tampa Industrial Associates LLC
—
Deed
related
$9,400,000 · Rga Reinsurance Company
Aug 1, 2022
$8,256,700
Tampa Industrial Associates LLC
Dk Dynamic Investments LLC
Special Warranty Deed
—
Apr 17, 2020
—
Dk Dynamic Investments LLC
—
Deed
related
$2,500,000 · Pilot Bk
May 25, 2018
$2,870,000
Dk Dynamic Investments LLC
Milani Property LLC
Grant Deed
$1,720,000 · Ss Sontag Qi LLC
—
—
Dk Dynamic Investments LLC
—
Deed Of Trust
related
$2,500,000 · Pilot 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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