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Property profile & analytics
FOR LEASE
Office buildings
1112 E Kennedy Blvd Tampa, FL 33602
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5014188
For Lease
1 / 2
$1,475,000
1112 E Kennedy Blvd, Tampa, FL 33602
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,440 SF
Lot
0.41 ac (18,017 SF)
Zoning code
CBD-2
APN
A1929194TA000020000010
UPID
US18-5014188
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
-
ICORP Realty LLC Real Estate Agency
-
HomeLife Tropical Realty Real Estate Agency
-
Greenman-Pedersen, Inc. Engineering Consultant
-
GPI/Greenman-Pedersen, Inc. Engineering Consultant
-
Levine Robert Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.48M
Owner & transaction history
Rowan Opportunity Fund LLC · 5 yrs held
Rowan Opportunity Fund LLC
since 2021
6 recorded transactions
Zoning & alternative use
CBD-2 · 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%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,360,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$229 / 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
$30,869
Tax year 2023
Assessed value
$1,472,600
Assessed 2023
Previous assessed
$1,326,400
+11.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,448,567
Assessed improvement
$24,033
Land market value
$1,448,567
Improvement market value
$24,033
Total market value
$1,472,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,440 SF
Lot
0.41 ac (18,017 SF)
Zoning code
CBD-2
APN
A1929194TA000020000010
UPID
US18-5014188
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-2 · Tampa, FL
Zoning CBD-2 · permitted uses
CBD-2 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Rowan Opportunity Fund LLC
Entity
Mailing address
7373 ROWLETT PARK DR, TAMPA, FL 33610-1141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Rowan Opportunity Fund LLC
—
Deed
related
$1,492,000 · Valley National Bank NA
Mar 1, 2021
—
Rowan Opportunity Fund LLC
Ledra Holdings LLC
Warranty Deed
—
May 1, 2017
$1,230,000
Ledra Holdings Lc
Glg Properties LLC
Warranty Deed
—
Jan 14, 2011
$495,000
Glg Properties LLC
Joyner & Jordan-holmes Pa
Warranty Deed
$601,000 · Fifth Third Bank
—
—
Joyner Pa
—
Deed Of Trust
related
$125,000 · Wachovia Bank NA
—
—
Joyner Pa
—
Deed Of Trust
related
$350,000 · Wachovia Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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