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Property profile & analytics
OFF-MARKET
Estimated value
$20,710,000
High-rise multifamily apartments
12702 Bruce B Downs Blvd Tampa, FL 33612-4739
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-3582029
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
WOOD
Total area
189,767 SF
Lot
5.16 ac (224,770 SF)
Zoning code
PD
APN
U082819ZZZ000001300100
UPID
US18-3582029
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
-
Zipcar Freight Service Logistics Company
-
Must Be Insane Event Planning
-
SMC Kreations Department Store
-
IQ Apartments Condominium Complex Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.71M
Owner & transaction history
Usf Spe De LLC · 12 yrs held
Usf Spe De LLC
since 2014
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$109 / 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
$785,382
Tax year 2023
Assessed value
$44,862,000
Assessed 2023
Previous assessed
$44,934,400
-0.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$1,830,000
Assessed improvement
$43,032,000
Land market value
$1,830,000
Improvement market value
$43,032,000
Total market value
$44,862,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
5
Units
113
Rooms
110
Bathrooms
10
Total area
189,767 SF
Lot
5.16 ac (224,770 SF)
Zoning code
PD
APN
U082819ZZZ000001300100
UPID
US18-3582029
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.
Building & site characteristics
From public records
Year built
2016
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
3
Units
113
Rooms
110
Bathrooms
10
Lot
5.16 ac
Current owner
From public records · entity-resolved
Usf Spe De LLC
Entity
Mailing address
220 N MAIN ST, GAINESVILLE, FL 32601-5693
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2014
—
Usf Spe De LLC
—
Trustees Deed
related
$100,000 · Collier Ents/gainesville INC
Jun 26, 2014
$6,400,000
Usf Spe De LLC
Square Plaza Associates LLC
Grant Deed
—
Jan 30, 2013
$3,600,000
Key Bk
Square Plaza Associates LLC
Grant Deed
related
—
Jan 26, 2006
$5,070,000
Square Plaza Associates LLC
Feiga/square Plaza LLC
Special Warranty Deed
—
Dec 12, 2005
—
Feiga Of Square Plaza LLC
Feiga Partners II
Quit Claim Deed
related
—
Aug 5, 1998
$1,889,400
Partners Feiga II
Beal Bank Ssb
Grant Deed
$44,000,000 · Capital Company America LLC
—
—
Square Plaza Associates LLC
—
Deed Of Trust
related
$3,600,000 · Key Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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