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Property profile & analytics
OFF-MARKET
Estimated value
$3,455,000
Office Spaces
1120 Kennedy Blvd Tampa, FL 33602-3580
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4036427
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,696 SF
Zoning code
CD-2
APN
A1929199ALRET00W0001K0
UPID
US18-4036427
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
-
Team MUA (Manipulation Under Anesthesia) Alternative Medicine Practice
-
Maloney's Local Irish Pub Downtown Bar & Pub Nightclub
-
Grand Central at Kennedy Condominium Complex
-
Michael Barnett, PA Law Firm Financial Advisor
-
LegalFeeGuard Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$3.46M
Owner & transaction history
Gcak Tampa LLC · 15 yrs held
Gcak Tampa LLC
since 2010
6 recorded transactions
Zoning & alternative use
CD-2 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+22.3%
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%
$2,825,000
6.5%
$2,610,000
7%
$2,420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,610,000
Current use
RESTAURANT
$5,640,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,290,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.46M
Range $3.11M – $3.80M · ±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
$295 / 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
$77,925
Tax year 2023
Assessed value
$4,090,924
Assessed 2023
Previous assessed
$3,592,201
+13.9% YoY
Effective rate
1.90%
On assessed value
Assessed land
$100
Assessed improvement
$4,090,824
Land market value
$100
Improvement market value
$4,090,824
Total market value
$4,090,924
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,696 SF
Zoning code
CD-2
APN
A1929199ALRET00W0001K0
UPID
US18-4036427
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
OFFICE BUILDING Current
Est. value
$4.6M
RESTAURANT
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING Current
RESTAURANT
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Current owner
From public records · entity-resolved
Gcak Tampa LLC
Entity
Mailing address
2800 QUARRY LK DR STE #340, BALTIMORE, MD 21209-3764
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
May 16, 2017
—
Gcak Tampa LLC
—
Grant Deed
related
$10,275,000 · Bank Of The Ozarks
Dec 29, 2010
$31,500,000
Gcak Tampa LLC
Grand Central At Kennedy LLC
Grant Deed
$30,000,000 · Paul J A L Vanhessen
May 4, 2010
—
Grand Central At Kennedy LLC
—
Deed Of Trust
related
$87,385,727 · Snspf Interim Finance Bv
May 11, 2007
$237,900
Jim H Sponaugle
Grand Central At Kennedy LLC
Grant Deed
$130,000 · Coldwell Banker Home Loans
May 11, 2007
—
Jim H Sponaugle
Sponaugle,jim H
Quit Claim Deed
related
—
—
—
Gcak Tampa LLC
—
Deed Of Trust
related
$27,414,749 · Canpartners Rlty Hldgs Co IV
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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