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Property profile & analytics
OFF-MARKET
Estimated value
$24,435,000
Medical Office Space
10740 Palm Riv Rd, Tampa, FL 33619-4573
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-8239393
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
STEEL FRAME
Total area
130,061 SF
Lot
10.99 ac (478,699 SF)
Zoning code
PD
APN
U302920ZZZ000002694103
UPID
US18-8239393
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
-
Henkin Neurosurgery Pa Physician
-
Mark Lamielle DO Pediatrician Physician
-
Deepthi Murthy, MD Physician
-
Moise Lanet Infectious Disease Assoc Physician
-
Yagneshvari S. Patel, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.16M
Comparable Approach
Comparable
$19.99M
Blend (final)
Blend
$24.44M
Owner & transaction history
FHSC REAL PROPERTY HOLDING COMP LLC
FHSC REAL PROPERTY HOLDING COMP LLC
Zoning & alternative use
PD · 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%
$31,590,000
6.5%
$29,160,000
7%
$27,075,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$35,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$33,835,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$28,875,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$24.44M
Range $21.99M – $26.88M · ±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
$188 / 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
$613,363
Tax year 2023
Assessed value
$36,703,200
Assessed 2023
Previous assessed
$33,059,200
+11.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$6,402,599
Assessed improvement
$30,300,601
Land market value
$6,402,599
Improvement market value
$30,300,601
Total market value
$36,703,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Units
1
Total area
130,061 SF
Lot
10.99 ac (478,699 SF)
Zoning code
PD
APN
U302920ZZZ000002694103
UPID
US18-8239393
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
MEDICAL BUILDING Current
Est. value
$35.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.8M
RETAIL STORES
Est. value
$28.9M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2017
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Units
1
Lot
10.99 ac
Current owner
From public records · entity-resolved
FHSC REAL PROPERTY HOLDING COMP LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 DAVIS BLVD #710, TAMPA, FL 33606-3463
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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