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Property profile & analytics
OFF-MARKET
Estimated value
$32,265,000
Manufacturing properties
8500 Hidden Riv Pkwy Tampa, FL 33637-1014
Entity Owned
18-yr Hold
Free & Clear
Property ID
US18-5482003
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
190,288 SF
Lot
24.57 ac (1,070,269 SF)
Zoning code
PD
APN
A0128191EN000000000010
UPID
US18-5482003
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
-
FedEx Drop Box Postal Service Courier Service
-
Bausch & Lomb Pharmaceuticals Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.56M
Comparable Approach
Comparable
$38.77M
Blend (final)
Blend
$32.27M
Owner & transaction history
Bausch & Lomb INC · 18 yrs held
Bausch & Lomb INC
since 2007
1 recorded transaction
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$53.1M
+59.5%
Medical building
$51.4M
+54.6%
Neighborhood: shopping center
$49.5M
+48.8%
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%
$38,520,000
6.5%
$35,555,000
7%
$33,015,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$33,280,000
Current use
OFFICE BUILDING
$53,085,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$51,440,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$49,505,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$42,250,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$36,720,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$32.27M
Range $29.04M – $35.49M · ±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
$170 / 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
$332,682
Tax year 2023
Assessed value
$17,541,200
Assessed 2023
Previous assessed
$16,128,600
+8.8% YoY
Effective rate
1.90%
On assessed value
Assessed land
$5,632,952
Assessed improvement
$11,908,248
Land market value
$5,632,952
Improvement market value
$11,908,248
Total market value
$17,541,200
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
70
Total area
190,288 SF
Lot
24.57 ac (1,070,269 SF)
Zoning code
PD
APN
A0128191EN000000000010
UPID
US18-5482003
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
$33.3M
OFFICE BUILDING
Est. value
$53.1M
MEDICAL BUILDING
Est. value
$51.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.5M
RETAIL STORES
Est. value
$42.3M
AUTO REPAIR, GARAGE
Est. value
$36.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
70
Lot
24.57 ac
Current owner
From public records · entity-resolved
Bausch & Lomb INC
Entity
Free & Clear · 18 yrs held
Mailing address
8500 HIDDEN RIV PKWY, TAMPA, FL 33637-1014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Oct 31, 2007
—
Bausch & Lomb INC
—
Deed Of Trust
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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