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Property profile & analytics
OFF-MARKET
Estimated value
$132,565,000
High-rise multifamily apartments
1115 Twiggs St Tampa, FL 33602-3132
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0424345
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
CONCRETE
Total area
347,060 SF
Zoning code
CD-2
APN
A192919B6R000000T00000
UPID
US19-0424345
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
-
Top Shark Advertising Agency Marketing & Advertising
-
We-Fix Appliance Repair Tampa Home Appliance Store
-
Channel Club Apartments Apartment Building Apartment Complex
-
Russell Querry, Attorney At Law Law Firm
-
1115 E Twiggs St Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$183.60M
Blend (final)
Blend
$132.57M
Owner & transaction history
St Channel Club LLC · 4 yrs held
St Channel Club LLC
since 2021
Last sale
$136.0M
5 recorded transactions
Zoning & alternative use
CD-2 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$167.3M
+31.4%
Office building
$136.8M
+7.4%
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
$149,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$127,310,000
Current use
RESTAURANT
$167,320,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$136,770,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$132.57M
Range $119.31M – $145.82M · ±10% · vs last sale $136.00M (Nov 19 2021)
Last sale anchor
$136.00M
Nov 19 2021
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
$382 / 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
$2,312,018
Tax year 2023
Assessed value
$112,295,300
Assessed 2023
Previous assessed
$112,017,100
+0.2% YoY
Effective rate
2.06%
On assessed value
Assessed land
$4,860,000
Assessed improvement
$107,435,300
Land market value
$4,860,000
Improvement market value
$107,435,300
Total market value
$112,295,300
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
24
Units
324
Total area
347,060 SF
Zoning code
CD-2
APN
A192919B6R000000T00000
UPID
US19-0424345
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CD-2 · Tampa, FL
Zoning CD-2 · permitted uses
CD-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) Current
Est. value
$127.3M
RESTAURANT
Est. value
$167.3M
OFFICE BUILDING
Est. value
$136.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
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
2019
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
24
Units
324
Current owner
From public records · entity-resolved
St Channel Club LLC
Entity
Mailing address
4600 FAIRFAX DR STE #1000, ARLINGTON, VA 22203-1553
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
$136,000,000
St Channel Club LLC
Channel Club Ta LLC
Special Warranty Deed
$164,000,000 · Tiaa Fsb Holdings INC
Apr 23, 2021
—
Channel Club Ta LLC
Channel Club Condoiminium Assn INC
Quitclaim Deed
related
—
Sep 12, 2020
—
Channel Club-ta LLC
—
Deed
related
$53,000,000 · Bbva USA
Aug 19, 2005
$30,000
Dickey,sandra M Tr
Martin LLC
Warranty Deed
—
—
—
Channel Club-ta LLC
—
Loan Modification
related
$53,000,000 · Bbva USA
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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