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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Medical Office Space
12416 Nebraska Ave Tampa, FL 33612-5352
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4249304
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,523 SF
Lot
2.4 ac (104,691 SF)
Zoning code
PD
APN
U12281810J000002000290
UPID
US18-4249304
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
-
Education Institute of Tampa Family High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.86M
Owner & transaction history
Tampa Fam Health Centers INC · 5 yrs held
Tampa Fam Health Centers INC
since 2020
7 recorded transactions
Zoning & alternative use
PD · 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%
$3,425,000
6.5%
$3,165,000
7%
$2,940,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,195,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,040,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$3,445,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±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
$184 / 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
Assessed value
$3,792,400
Assessed 2023
Previous assessed
$508,798
+645.4% YoY
Assessed land
$508,798
Assessed improvement
$3,283,602
Land market value
$508,798
Improvement market value
$3,283,602
Total market value
$3,792,400
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
15,523 SF
Lot
2.4 ac (104,691 SF)
Zoning code
PD
APN
U12281810J000002000290
UPID
US18-4249304
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Tampa Fam Health Centers INC
Entity
Free & Clear · 5 yrs held
Mailing address
302 W FLETCHER AVE, TAMPA, FL 33612-3415
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 17, 2025
—
Tampa Family Health Centers INC
—
Deed
related
$5,000,000 · The Bank Of Tampa
Aug 18, 2020
$1,100,000
Tampa Fam Health Centers INC
Hr Tampa Bay LLC
Warranty Deed
related
—
Jun 3, 2019
$100
Hr Tampa Bay LLC
All That Jazz Investments LLC
Correction Deed
related
—
Nov 8, 2018
$100
All That Jazz Investments LLC
Advanta Ira Services LLC
Quit Claim Deed
related
—
Nov 8, 2018
$39,200
Hr Tampa Bay LLC
All That Jazz Investments LLC
Grant Deed
—
May 2, 2017
—
All That Jazz Investments LLC
Advanta Ira Services LLC
Quit Claim Deed
related
—
Aug 22, 2008
—
Mh Paramount Investment Co
Tri-ban Dev LLC
Quit Claim Deed
related
—
Apr 22, 2008
$32,000
Paul Fosse
Research Alliance INC
Warranty Deed
—
Mar 10, 2008
—
Research Alliance INC
Tri-ban Dev LLC
Warranty Deed
—
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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