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Property profile & analytics
OFF-MARKET
Estimated value
$12,000,000
Hotels
1051 Falkenburg Rd Tampa, FL 33619-8032
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3015769
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
68,604 SF
Lot
1.8 ac (78,585 SF)
Zoning code
PD
APN
U192920989000000000010
UPID
US18-3015769
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
-
SpringHill Suites Tampa Brandon Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.19M
Blend (final)
Blend
$12.00M
Owner & transaction history
1051 Falkenburg LLC · 2 yrs held
1051 Falkenburg LLC
since 2024
Last sale
$12.0M
4 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.5M
+47.6%
Neighborhood: shopping center
$17.8M
+42.0%
Retail stores
$15.2M
+21.2%
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
$12,000,000
ML approach
$12,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,570,000
Current use
MEDICAL BUILDING
$18,545,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,845,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$15,230,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,770,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,335,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $12.00M (Mar 8 2024)
Last sale anchor
$12.00M
Mar 8 2024
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
$175 / 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
$132,919
Tax year 2023
Assessed value
$8,501,400
Assessed 2023
Previous assessed
$7,325,500
+16.1% YoY
Effective rate
1.56%
On assessed value
Assessed land
$963,939
Assessed improvement
$7,537,461
Land market value
$963,939
Improvement market value
$7,537,461
Total market value
$8,501,400
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
6
Units
103
Total area
68,604 SF
Lot
1.8 ac (78,585 SF)
Zoning code
PD
APN
U192920989000000000010
UPID
US18-3015769
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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
$12.6M
MEDICAL BUILDING
Est. value
$18.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.8M
RETAIL STORES
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$14.8M
WAREHOUSE, STORAGE
Est. value
$13.3M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
6
Units
103
Lot
1.8 ac
Current owner
From public records · entity-resolved
1051 Falkenburg LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3013 WENTWORTH WAY, TARPON SPNGS, FL 34688-8407
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
$12,000,000
1051 Falkenburg LLC
Impact Properties Vii LLC
Special Warranty Deed
—
Apr 7, 2017
—
Impact Properties Vii LLC
—
Deed
related
$9,600,000 · Ubs Ag
Apr 11, 2005
$684,700
Impact Properties Vii LLC
Falkenburg Partners
Grant Deed
—
—
—
Impact Properties Vii LLC
—
Loan Modification
related
$9,600,000 · Ubs Ag
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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