124 Franklin St Tampa, FL 33602-5328
Entity Owned
13-yr Hold
Free & Clear
Estimated value (blended)
$17.60M
Range $15.84M – $19.36M (±10%)
Property ID
US18-3567475
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
92,703 SF
Lot
1.39 ac (60,557 SF)
Zoning code
CBD-2
APN
A2429184ZM000094000000
UPID
US18-3567475
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
-
High School Vocational School
-
Cafe & Coffee Shop
-
Employment Agency
-
Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.79M
Comparable Approach
Comparable
$14.71M
Blend (final)
Blend
$17.60M
Owner & transaction history
Zoning & alternative use
CBD-2 · Tampa, FL
Zoning description
The purpose and intent of this special district, commonly known and referred to as is to implement the Center City Plan and Tampa Comprehensive Plan, to create a public realm of high quality through the regulation of the…
General category
COMMERCIAL
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$17.60M
Value range
$15.84M – $19.36M
±10% around blend
Estimated value / SF
$190 / SF
Confidence
Property data
75
Market benchmarks
67
Comparable evidence
60
$15.84M
blend $17.60M
$19.36M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
92,703 SF
Lot area
1.39 ac
Year built
2012
Stories
3
APN
A2429184ZM000094000000
Assessed value
$27,016,235
3
Income approach: direct capitalization
Partial preview
Income approach indication
$20.79M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$22.52M
@ 6.5% CAP return
$20.79M
@ 7% CAP return
$19.30M
4
Sales comparison
Partial preview
Sales approach indication
$14.71M
Range $5.87M – $14.92M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$17.60M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 150 sales
$270
-30%
County 242 sales
$248
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $190/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
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$27.02M
Move the market yield to see immediate price impact.
Value / SF
$291
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
5.00%7.00%9.00%
$1.70M
$34.04M
$24.31M
$18.91M
$1.89M
$37.82M
$27.02M
$21.01M
$2.08M
$41.61M
$29.72M
$23.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$27,016,235
Assessed 2023
Previous assessed
$23,477,595
+15.1% YoY
Assessed land
$7,438,483
Assessed improvement
$19,577,752
Land market value
$7,438,483
Improvement market value
$19,577,752
Total market value
$27,016,235
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
1
Total area
92,703 SF
Lot
1.39 ac (60,557 SF)
Zoning code
CBD-2
APN
A2429184ZM000094000000
UPID
US18-3567475
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-2 · Tampa, FLZoning CBD-2 · permitted uses
CBD-2 · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose and intent of this special district, commonly known and referred to as is to implement the Center City Plan and Tampa Comprehensive Plan, to create a public realm of high quality through the regulation of the…
General category
COMMERCIAL
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
1
Lot
1.39 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
CBD-2
COMMERCIAL
Jurisdiction
Tampa, FL
Recorded code
CBD-2
Official district
CBD-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD-2 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.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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