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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Medical Office Space
14219 Bruce B Downs Blvd Tampa, FL 33613-3913
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-3145268
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,001 SF
Lot
5.39 ac (234,788 SF)
Zoning code
SPI-UC-1
APN
U052819ZZZ000001263700
UPID
US18-3145268
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
-
Hillsborough County Dev Center Nursing Home Social Service Agency
-
Pensacola Care, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.02M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$3.12M
Owner & transaction history
Mentor II LLC · 5 yrs held
Mentor II LLC
since 2020
Last sale
$2.9M
2 recorded transactions
Zoning & alternative use
SPI-UC-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+78.4%
Apartment house (5+ units)
$3.3M
+35.7%
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
$3,610,000
ML approach
$4,020,000
CAP Approach
CAP Return
Estimation
6%
$2,185,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,435,000
Current use
RESTAURANT
$4,340,000
Change: +78% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,300,000
Change: +36% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,340,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$2,135,000
Change: -12% · Conversion: Easy
RETAIL STORES
$2,000,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±10% · vs last sale $2.90M (Dec 23 2020)
Last sale anchor
$2.90M
Dec 23 2020
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
$346 / 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
$93,427
Tax year 2023
Assessed value
$5,254,300
Assessed 2023
Previous assessed
$5,916,046
-11.2% YoY
Effective rate
1.78%
On assessed value
Assessed land
$2,906,347
Assessed improvement
$2,347,953
Land market value
$2,906,347
Improvement market value
$2,347,953
Total market value
$5,254,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
29
Total area
9,001 SF
Lot
5.39 ac (234,788 SF)
Zoning code
SPI-UC-1
APN
U052819ZZZ000001263700
UPID
US18-3145268
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SPI-UC-1 · Tampa, FL
Zoning SPI-UC-1 · permitted uses
SPI-UC-1 · 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
$2.4M
RESTAURANT
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
29
Lot
5.39 ac
Current owner
From public records · entity-resolved
Mentor II LLC
Entity
Free & Clear · 5 yrs held
Mailing address
313 CONGRESS ST FL, BOSTON, MA 02210-1029
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$28,726
Mentor II LLC
Pensacola Care INC
Grant Deed
—
Dec 17, 2020
—
Pensacola Care INC
Hillsborough Cnty
Correction Deed
related
—
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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