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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
8606 40th St Tampa, FL 33604-2434
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4174215
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,000 SF
Lot
0.58 ac (25,200 SF)
Zoning code
RM-24
APN
A212819464000014000140
UPID
US18-4174215
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
-
Barnes Supply Tampa Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$600k
Owner & transaction history
New Testament Christian Outrea · 8 yrs held
New Testament Christian Outrea
since 2017
6 recorded transactions
Zoning & alternative use
RM-24 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+55.9%
Auto repair, garage
$770,000
+27.9%
Commercial (general)
$760,000
+26.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$605,000
Current use
OFFICE BUILDING
$940,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$770,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$760,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +1% · Conversion: Moderate
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
$150 / 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
$8,944
Tax year 2023
Assessed value
$487,900
Assessed 2023
Previous assessed
$409,100
+19.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$164,832
Assessed improvement
$323,068
Land market value
$164,832
Improvement market value
$323,068
Total market value
$487,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
2
Total area
4,000 SF
Lot
0.58 ac (25,200 SF)
Zoning code
RM-24
APN
A212819464000014000140
UPID
US18-4174215
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RM-24 · Tampa, FL
Zoning RM-24 · permitted uses
RM-24 · 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
$605,000
OFFICE BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$760,000
RETAIL STORES
Est. value
$610,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
New Testament Christian Outrea
Individual
Mailing address
1719 S DIVISION AVE, ORLANDO, FL 32805-4703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
—
Mitbry Corporation
—
Deed
related
$175,000 · Jpmorgan Chase Bank NA
Dec 14, 2018
—
Mitbry Corp
—
Deed
related
$252,000 · Db Premier Asset Partners LLC
Nov 9, 2017
$300,000
New Testament Christian Outrea
Barbery Oscar H Trust
Grant Deed
$273,285 · Barbery Oscar H Trust (pt)
Mar 21, 2014
—
Barbery,oscar H Trust
Barbery Trust
Quit Claim Deed
related
—
Apr 18, 1996
—
Barbery Co Oscar H
Barbery,oscar H
Quit Claim Deed
related
—
—
—
Mitbry Corp
—
Deed Of Trust
related
$252,000 · Db Premier Asset Partners LLC
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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