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Property profile & analytics
OFF-MARKET
Estimated value
$5,360,000
Hotels
8610 Elm Fair Blvd Tampa, FL 33610-7361
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-1982571
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
WOOD
Total area
43,894 SF
Lot
2.15 ac (93,737 SF)
Zoning code
IPD-2
APN
U0129191ML000000000120
UPID
US18-1982571
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
-
Ace Hospitality & Management Company Hotel & Motel Resort
-
Holiday Inn Express & Suites Tampa-Fairgrounds-Casino, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.62M
CAP Approach
CAP
$4.09M
Comparable Approach
Comparable
$7.46M
Blend (final)
Blend
$5.36M
Owner & transaction history
Srk Hospitality Group LLC · 6 yrs held
Srk Hospitality Group LLC
since 2020
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
IPD-2 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.5M
+5.3%
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
$6,540,000
ML approach
$6,615,000
CAP Approach
CAP Return
Estimation
6%
$4,430,000
6.5%
$4,090,000
7%
$3,800,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,040,000
Current use
AUTO REPAIR, GARAGE
$8,470,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,675,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.36M
Range $4.82M – $5.90M · ±10% · vs last sale $5.17M (Jan 7 2020)
Last sale anchor
$5.17M
Jan 7 2020
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
$122 / 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
$84,794
Tax year 2023
Assessed value
$4,806,800
Assessed 2023
Previous assessed
$4,439,800
+8.3% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,138,792
Assessed improvement
$3,668,008
Land market value
$1,138,792
Improvement market value
$3,668,008
Total market value
$4,806,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
76
Total area
43,894 SF
Lot
2.15 ac (93,737 SF)
Zoning code
IPD-2
APN
U0129191ML000000000120
UPID
US18-1982571
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
IPD-2 · Tampa, FL
Zoning IPD-2 · permitted uses
IPD-2 · 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
HOTEL/MOTEL Current
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$7.7M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
76
Lot
2.15 ac
Current owner
From public records · entity-resolved
Srk Hospitality Group LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8610 ELM FAIR BLVD, TAMPA, FL 33610-7361
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2020
—
Srk Hospitality Group LLC
—
Deed
related
$4,777,050 · First Citrus Bk
Jan 7, 2020
$5,174,100
Srk Hospitality Group LLC
Fairgrounds Hospitality INC
Grant Deed
—
Sep 18, 2015
$5,850,000
Fairgrounds Hospitality INC
8610 North Highway 301 Elm Fair Bou
Special Warranty Deed
$4,200,000 · American Momentum Bank
Dec 1, 2010
$100
North Highway 301 Elm Fai 8610
Patmar Express LLC Coc
Trustees Deed
related
—
Jan 19, 2006
$7,700,000
Patmar Express LLC
Ram Tampa INC
Warranty Deed
$5,775,000 · Lasalle National Bank
Nov 20, 2001
$400,000
Impact Properties Viii LLC
Duke Realty LP
Grant Deed
—
Nov 20, 2001
$134,100
Impact Properties Viii LLC
Duke Realty LP
Grant Deed
—
—
—
Srk Hospitality Group LLC
—
Deed Of Trust
related
$4,777,050 · First Citrus Bk
—
—
Ram Tampa INC
—
Deed Of Trust
related
$26,000 · Regions Bank
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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