Entity Owned 
For Sale
1 / 6
$2,400,000
11602 N 51St St, Tampa, FL 33617
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Property summary
AI-generated overview
The property is a standalone office building located at 11602 North 51st Street in Tampa, Florida.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,525 SF
Lot
0.87 ac (37,850 SF)
Zoning code
RO-1
APN
A15281954V000015D00000
UPID
US18-2858554
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Crisis Center Medical Clinic
-
Telecommunications Service Business Service Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$1.74M
Owner & transaction history
since 2018
5 recorded transactions
Zoning & alternative use
RO-1 · Tampa, FL
Zoning description
, you can develop and use property as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO,…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 10 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.74M
Value range
$1.56M – $1.91M
±10% around blend
Estimated value / SF
$128 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$1.56M
blend $1.74M
$1.91M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,525 SF
Lot area
0.87 ac
Year built
1979
Stories
2
APN
A15281954V000015D00000
Zoning
RO-1
Assessed value
$978,500
Annual tax
$19,791
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$19,791
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.64M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.3 mi away · 16,590 SF
10.6 mi away · 9,850 SF
20.0 mi away · 9,764 SF
21.7 mi away · 11,328 SF
22.3 mi away · 15,979 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.74M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 17 sales
$207
-38%
Submarket 772 sales
$279
-54%
County 1027 sales
$260
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $128/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.66%
Selected cap rate for this office buildings
Derived from the Tampa market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.66%
9.0%
NOI (est.)
$184k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.40M
Move the market yield to see immediate price impact.
Value / SF
$177
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.16%7.66%8.16%
$165k
$2.31M
$2.16M
$2.03M
$184k
$2.57M
$2.40M
$2.25M
$202k
$2.82M
$2.64M
$2.48M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$2.75M
1.5 mi · Jan 2026 · $171/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,791
Tax year 2023
Assessed value
$978,500
Assessed 2023
Previous assessed
$897,600
+9.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$340,650
Assessed improvement
$637,850
Land market value
$340,650
Improvement market value
$637,850
Total market value
$978,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
10
Total area
13,525 SF
Lot
0.87 ac (37,850 SF)
Zoning code
RO-1
APN
A15281954V000015D00000
UPID
US18-2858554
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RO-1 · Tampa, FLZoning RO-1 · permitted uses
RO-1 · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
, you can develop and use property as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO,…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
10
Lot
0.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
RO-1
MIXED_USE
Jurisdiction
Tampa, FL
Recorded code
RO-1
Official district
RO-1
Official district profile
What the municipal code says about RO-1
Zoning description
, you can develop and use property as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO,…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RO-1 in Tampa, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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