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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Medical Office Space
11603 Sheldon Rd, Tampa, FL 33626-4306
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US18-1163104
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,068 SF
Lot
0.62 ac (27,188 SF)
Zoning code
CN
APN
U14281705G000000000701
UPID
US18-1163104
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
-
Dr. Patrick J. Horan, MD Physician
-
Wendell J. Bulmer, DO Physician
-
Wendell Bulmer Physician
-
Dr. Simeon Lao Physician
-
Blade Science Inc. Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.56M
Owner & transaction history
Skjp Properties INC · 22 yrs held
Skjp Properties INC
since 2003
7 recorded transactions
Zoning & alternative use
CN · 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%
$2,200,000
6.5%
$2,035,000
7%
$1,890,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,450,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,360,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$2,030,000
Change: -17% · Conversion: Easy
RETAIL STORES
$2,015,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±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
$171 / 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
$33,869
Tax year 2023
Assessed value
$2,028,900
Assessed 2023
Previous assessed
$1,863,700
+8.9% YoY
Effective rate
1.67%
On assessed value
Assessed land
$281,396
Assessed improvement
$1,747,504
Land market value
$281,396
Improvement market value
$1,747,504
Total market value
$2,028,900
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
9,068 SF
Lot
0.62 ac (27,188 SF)
Zoning code
CN
APN
U14281705G000000000701
UPID
US18-1163104
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CN · Tampa, FL
Zoning CN · permitted uses
CN · 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
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
Skjp Properties INC
Entity
Mailing address
10319 GRN LINKS DR, TAMPA, FL 33626-5400
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
—
Skjp Properties INC
—
Deed
related
$1,300,000 · Dfcu Financial
Jun 12, 2018
—
Skjp Properties INC
—
Deed
related
$30,000 · Centennial Bank
Jul 18, 2003
$270,000
Skjp Properties INC
Horan,patrick
Grant Deed
$774,000 · First Commercial Bank Of Tampa
Oct 10, 2002
$300,000
Patrick Horan
Citrus Park Holdings INC
Grant Deed
$270,000 · First Commercial Bank Of Tampa
Dec 21, 1999
$65,000
Chiarito Enterprises INC
Visicaro,frank S
Grant Deed
$32,500 · Seller
—
—
Skjp Properties INC
—
Deed Of Trust
related
$1,400,000 · Stonegate Bank
—
—
Skjp Properties INC
—
Deed Of Trust
related
$120,000 · Regions Bank
—
—
Skjp Properties INC
—
Deed Of Trust
related
$1,800,000 · Regions Bank
—
—
Skjp Properties INC
—
Deed Of Trust
related
$120,000 · Regions Bank
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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