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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail space
9520 Dr Martin Luther King Jr Blvd Tampa, FL 33610-7672
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0285536
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
STEEL FRAME
Total area
4,940 SF
Lot
0.25 ac (11,100 SF)
Zoning code
CI
APN
U062920284000001000180
UPID
US18-0285536
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
-
Barbershop Landons Barber Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Tapomurti Varni LLC · 2 yrs held
Tapomurti Varni LLC
since 2023
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rty as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2…
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
3,248.54 ac
Top alternative use upside
Auto repair, garage
$955,000
+83.4%
Commercial (general)
$765,000
+47.6%
Warehouse, storage
$555,000
+7.1%
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
$615,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
RETAIL STORES
$520,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +48% · Conversion: Easy
WAREHOUSE, STORAGE
$555,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $890k (Dec 27 2023)
Last sale anchor
$890k
Dec 27 2023
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
$124 / 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
$6,364
Tax year 2023
Assessed value
$354,116
Assessed 2023
Previous assessed
$331,838
+6.7% YoY
Effective rate
1.80%
On assessed value
Assessed land
$99,900
Assessed improvement
$254,216
Land market value
$99,900
Improvement market value
$254,216
Total market value
$354,116
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Rooms
3
Bathrooms
3
Total area
4,940 SF
Lot
0.25 ac (11,100 SF)
Zoning code
CI
APN
U062920284000001000180
UPID
US18-0285536
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FLZoning CI · permitted uses
CI · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rty as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use -
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
3,248.54 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$555,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1981
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Rooms
3
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Tapomurti Varni LLC
Entity
Mailing address
9408 LISBON ST, SEFFNER, FL 33584-2679
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$890,000
Tapomurti Varni LLC
Clarus Investments LLC
Warranty Deed
—
Oct 15, 2021
$375,000
Clarus Investments LLC
Tapa Investment LLC
Warranty Deed
$244,700 · Tapa Investment LLC
Apr 12, 2016
$321,000
Tapa Investment LLC
Yankee Grits INC
Warranty Deed
—
Oct 11, 2005
$340,000
Yankee Grits INC
Mc-two INC
Warranty Deed
$170,000 · Amsouth Bank
Oct 1, 2004
$265,000
Me Two INC
Jds Tampa Ents INC
Warranty Deed
—
Dec 13, 2000
$36,700
Jds Enterprises INC
Leever,jason
Trustees Deed
$190,000 · Tampa Commercial Lending
Dec 13, 2000
$38,000
Jason Leever
Disalvo,joe
Quit Claim Deed
related
—
Sep 16, 1997
$190,000
Jason Leever
Ayers Trust
Grant Deed
$160,000 · Seller
—
—
Yankee Grits INC
—
Deed Of Trust
related
$36,000 · Steven E & Huong N Schryver
—
—
Me-two INC
—
Deed Of Trust
related
$140,000 · Charles D Hill
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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