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Property profile & analytics
OFF-MARKET
Estimated value
$8,530,000
Distribution centers
8514 Sunstate St Tampa, FL 33634-1312
Entity Owned
4-yr Hold
Free & Clear
Property ID
US19-0878947
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,728 SF
Lot
4.03 ac (175,464 SF)
Zoning code
M
APN
U202818ZZZ000000929403
UPID
US19-0878947
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
-
Amsive Advertising Agency Marketing & Advertising
-
NCA Advertising Agency Marketing & Advertising
-
Amsive (formerly Genesis Direct) Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.53M
Owner & transaction history
Civf Vi Fl4w01 LLC · 4 yrs held
Civf Vi Fl4w01 LLC
since 2021
Last sale
$8.1M
5 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.3M
+11.7%
Office building
$13.1M
+10.3%
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
$8,900,000
ML approach
$8,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,870,000
Current use
RETAIL STORES
$13,260,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$13,090,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,525,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$8.53M
Range $7.68M – $9.38M · ±10% · vs last sale $8.11M (Oct 4 2021)
Last sale anchor
$8.11M
Oct 4 2021
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
$143 / 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
$124,826
Tax year 2023
Assessed value
$7,072,400
Assessed 2023
Previous assessed
$6,453,600
+9.6% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,217,282
Assessed improvement
$5,855,118
Land market value
$1,217,282
Improvement market value
$5,855,118
Total market value
$7,072,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
59,728 SF
Lot
4.03 ac (175,464 SF)
Zoning code
M
APN
U202818ZZZ000000929403
UPID
US19-0878947
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
WAREHOUSE, STORAGE Current
Est. value
$11.9M
RETAIL STORES
Est. value
$13.3M
OFFICE BUILDING
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$11.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
4.03 ac
Current owner
From public records · entity-resolved
Civf Vi Fl4w01 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8514 SUNSTATE ST, TAMPA, FL 33634-1312
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 4, 2021
$8,110,000
Civf Vi Fl4w01 LLC
Pi Properties LLC
Special Warranty Deed
—
Mar 27, 2020
$4,700
Pi Properties LLC
Codie Properties LLC
Grant Deed
—
Aug 6, 2019
—
Codie Properties LLC
—
Loan Modification
related
$10,000,000 · Bank Of America
Mar 14, 2006
$1,137,000
Codie Properties LLC
Roth Investment Ptshp
Warranty Deed
$796,000 · Bank Of America
—
—
Codie Properties LLC
—
Deed Of Trust
related
$716,000 · Bank Of America
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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