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Property profile & analytics
OFF-MARKET
Estimated value
$6,950,000
Assisted living facilities
12110 Morris Brg Rd Temple Terrace, FL 33637-1924
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3404530
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,295 SF
Lot
7.18 ac (312,761 SF)
Zoning code
PD
APN
T122819ZZZ000001329400
UPID
US18-3404530
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.72M
Blend (final)
Blend
$6.95M
Owner & transaction history
Concordis Community Tampa LLC · 1 yrs held
Concordis Community Tampa LLC
since 2025
7 recorded transactions
Zoning & alternative use
PD · Temple Terrace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
593.36 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$10.9M
+20.2%
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 Temple Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temple Terrace 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$9,040,000
Current use
AUTO REPAIR, GARAGE
$10,865,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$6.95M
Range $6.26M – $7.65M · ±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
$123 / 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
$228,929
Tax year 2023
Assessed value
$12,121,300
Assessed 2023
Previous assessed
$12,775,500
-5.1% YoY
Effective rate
1.89%
On assessed value
Assessed land
$302,877
Assessed improvement
$11,818,423
Land market value
$302,877
Improvement market value
$11,818,423
Total market value
$12,121,300
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
3
Units
108
Total area
56,295 SF
Lot
7.18 ac (312,761 SF)
Zoning code
PD
APN
T122819ZZZ000001329400
UPID
US18-3404530
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Temple Terrace, FLZoning PD · permitted uses
PD · Temple Terrace, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
593.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$10.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
3
Units
108
Lot
7.18 ac
Current owner
From public records · entity-resolved
Concordis Community Tampa LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1110 N FLORIDA AVE #200, TAMPA, FL 33602-3343
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
$11,850,000
Concordis Community Tampa LLC
Tampa Oaks Senior Living LLC
Special Warranty Deed
—
Nov 27, 2018
—
Tampa Oaks Senior Living LLC
—
Trustees Deed
related
$4,000,000 · Freedom Bk
Oct 19, 2018
—
Tampa Oaks Senior Living LLC
—
Deed
related
$12,703,272 · Centennial Bk
Jun 2, 2015
—
Margaret L B Jones
Boyd William A
Quit Claim Deed
related
—
Jun 2, 2015
$275,000
Christian Tyler Props Two LLC
Boyd Barbara A & Margaret L
Grant Deed
—
Feb 11, 1998
$1,394,100
Opus South Corp
State Street Florida INC
Grant Deed
$1,000 · Normandale Properties So Corp
Oct 21, 1997
$11,000
National Data & Communications
Boyd,william A
Quit Claim Deed
related
—
—
—
Tampa Oaks Senior Living LLC
—
Loan Modification
related
$12,703,272 · Centennial Bk
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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