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Property profile & analytics
OFF-MARKET
Estimated value
$7,850,000
Medical Office Space
12780 Race Trak Rd Tampa, FL 33626-1397
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4977498
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,172 SF
Lot
4.16 ac (181,089 SF)
Zoning code
PD
APN
U072817ZZZ000000270804
UPID
US18-4977498
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
-
Health Point Med Group - Hampton Lakes Hospital
-
Bay Care Physician
-
BayCare Outpatient Imaging (Westchase) Medical Clinic
-
Premier Internal Medicine Medical Clinic
-
Advanced Urology Institute - Westchase office Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$7.85M
Owner & transaction history
Baycare Properties LLC · 8 yrs held
Baycare Properties LLC
since 2017
5 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,135,000
Change: -17% · Conversion: Easy
RETAIL STORES
$12,030,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.85M
Range $7.07M – $8.64M · ±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
$145 / 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
$3,087
Tax year 2023
Assessed value
$9,722,600
Assessed 2023
Previous assessed
$9,722,600
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$2,086,833
Assessed improvement
$7,635,767
Land market value
$2,086,833
Improvement market value
$7,635,767
Total market value
$9,722,600
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
25
Total area
54,172 SF
Lot
4.16 ac (181,089 SF)
Zoning code
PD
APN
U072817ZZZ000000270804
UPID
US18-4977498
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
OFFICE BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$12.0M
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
25
Lot
4.16 ac
Current owner
From public records · entity-resolved
Baycare Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2985 DREW ST, CLEARWATER, FL 33759-3012
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2017
$12,047,200
Baycare Properties LLC
West Chase Medical Building LP
Grant Deed
—
Feb 19, 2008
—
Morton Plant Mease Health Svcs
Trustees Of Mease Hospital INC
Grant Deed
related
—
Oct 9, 2004
—
Race Track Road Land Trust 1
Wlhh LLC
Quit Claim Deed
related
—
Oct 9, 2004
$1,636,200
Mease Hospital INC
Wlhh LLC
Grant Deed
—
Apr 8, 2004
$744,300
Hillsborough County (fl)
Wlhh LLC
Grant 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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