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Property profile & analytics
OFF-MARKET
Estimated value
$5,180,000
Hotels
102 Cass St Tampa, FL 33602-3707
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-5119734
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
85,560 SF
Lot
0.56 ac (24,514 SF)
Zoning code
CBD-1
APN
A2429184ZI000019000000
UPID
US18-5119734
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
-
Courtyard Tampa Downtown Hotel & Motel
-
Tampa Convention Center Community Center
-
Haiku Tampa Restaurant
-
The Bistro – Eat. Drink. Connect.® Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.18M
Owner & transaction history
Monarch Tampa LP · 7 yrs held
Monarch Tampa LP
since 2018
3 recorded transactions
Zoning & alternative use
CBD-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$7,315,000
6.5%
$6,755,000
7%
$6,270,000
Blend value · Realmo final
$5.18M
Range $4.66M – $5.70M · ±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
$61 / 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
$271,230
Tax year 2023
Assessed value
$14,237,600
Assessed 2023
Previous assessed
$11,555,300
+23.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$3,039,736
Assessed improvement
$11,197,864
Land market value
$3,039,736
Improvement market value
$11,197,864
Total market value
$14,237,600
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
6
Units
141
Rooms
141
Bathrooms
145
Total area
85,560 SF
Lot
0.56 ac (24,514 SF)
Zoning code
CBD-1
APN
A2429184ZI000019000000
UPID
US18-5119734
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-1 · Tampa, FL
Zoning CBD-1 · permitted uses
CBD-1 · 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.
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
6
Units
141
Rooms
141
Bathrooms
145
Lot
0.56 ac
Current owner
From public records · entity-resolved
Monarch Tampa LP
Entity
Free & Clear · 7 yrs held
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2018
$27,300,000
Monarch Tampa LP
Nf II Of Ci Tampa Downtown LLC
Grant Deed
—
May 11, 2018
—
Nf III Tampa Dt LLC
—
Trustees Deed
related
$16,600,000 · Wells Fargo Bk
Dec 8, 2014
—
Nf II Of Ci Tampa Downtown LLC
—
Grant Deed
related
$14,387,000 · Wells Fargo Bk
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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