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    9719 Princess Palm Ave Tampa, FL 33619-1371
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    Property profile & analytics

    9719 Princess Palm Ave, Tampa, FL 33619-1371

    View on Map
    • Hotels
    • 72,453 SF
    • 3.79 lot acres
    Off-Market
    Property ID
    US19-0522065
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,310,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residence Inn Tampa Sabal Park/Brandon / Hotel & Motel
    • 9719 Princess Palm Avenue Parking / Parking Lot & Garage
    • Hotel-Matrix-IFS / Hotel & Motel

    Property Details for 9719 Princess Palm Ave

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.79 lot acres
    Zone code
    M
    Property type
    Hotels
    APN
    U07292028G000004000020
    APU
    U07292028G000004000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 14, 2024 — Hit Portfolio I Owner LLC — Deed · related $558.1M · Citibank NA
    Jun 4, 2019 — Hit Portfolio I Owner LLC — Loan Modification · related $870M · Morgan Stanley Bk
    May 16, 2017 — Hit Portfolio I Owner LLC — Deed · related $805M · Jp Morgan Chase Bk
    Mar 17, 2015 $15,025,100 Arc Hospitality Portfolio I Ow W2007 Equity Inns Realty LLC Grant Deed —
    Dec 20, 2007 — W2007 Equity Inns Realty LLC — Deed Of Trust · related $356.7M · Goldman Sachs Mortgage Co
    Nov 26, 2007 — W2007 Equity Inns Realty LLC W2007 Equity Inns Ptshp Quit Claim Deed —
    Mar 8, 2005 $770,000 Equity Inns Ptshp Mckibbon Brothers INC Grant Deed · related —
    Apr 17, 1998 $770,000 Mckibbon Brothers INC Mckibbon Hotel Group Sabal Par Grant Deed · related —
    Jan 27, 1998 — Mckibbon Hotel Group Sabal Par — Grant Deed · related $5.8M · Regions Bank
    Oct 6, 1997 $732,000 Mckibbon Hotel Group Sabal Par Highwoods/forsyth LP Grant Deed —
    Jun 9, 1997 $1,100,000 Highwoods/forsyth Limited Ptsh Crt Leasing INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,195,000
      6.5%
      $5,720,000
      7%
      $5,310,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3392
    Latitude
    27.9794
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $133,225
    $1,076,453
    $7,583,747
    $8,660,200
    -
    $1,076,453
    $7,583,747
    $8,660,200

    Comparable in this City

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      $4,030,000
      50,627 SF

      2450 Falkenburg Rd

      HOTEL
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      View Details
    • Value Estimation
      $6,800,000
      43,240 SF

      602 Falkenburg Rd

      HOTEL
      602 Falkenburg Rd, Tampa, FL 33619-8045
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    • Value Estimation
      $3,690,000
      65,052 SF

      10121 Horace Ave

      HOTEL
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    • Value Estimation
      $3,070,000
      76,995 SF

      10240 Cswy Blvd

      HOTEL
      10240 Cswy Blvd, Tampa, FL 33619-6606
      View Details
    • Value Estimation
      $2,420,000
      37,890 SF

      10007 Princess Palm Ave

      HOTEL
      10007 Princess Palm Ave, Tampa, FL 33619-1375
      View Details
    • Value Estimation by Request
      4,350 SF

      3411 Us Hwy 301

      HOTEL
      3411 Us Hwy 301, Tampa, FL 33619-2213
      View Details

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      Vacant Land For Development

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      Residential Land in Tampa, Florida

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      Commercial Land Near Selmon Expressway

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    • $1,900,000
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      Prime Commercial Infill Development Opportunity

      2.82-acre commercial infill property in Tampa's growth corridor.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land Opportunity

      0.73-acre vacant parcel in Tampa's Palm River area.
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    • $37,896

      Tampa Commercial Office Space

      Versatile office space with secure, oversized parking near Downtown Tampa.
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      14,400 SF

      East Tampa Distribution Center Space

      Distribution center in established East Tampa business park.
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      2,998 SF

      Flex Space with Loading Door

      2,338 SF flex space available for lease immediately.
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    • Contact for pricing

      Industrial Space Available For Lease

      18,700 SqFt industrial space available for lease.
      8320 E Adamo Dr, Tampa, FL 33619
      View Details
    • Contact for pricing
      19,200 SF

      Warehouse Space on U.S. 301

      Warehouse with access to major highways in Tampa, Florida.
      1201 N Us Highway 301 U.S, Tampa, FL 33619
      View Details

    Property Visit Statistics

    • Visits by month
      7.3k
    • Visitors by month
      2.5k
    • Avg Time on site
      532 min
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    Tampa, FL 33619-1371
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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