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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Office buildings
15403 Morris Brg Rd Thonotosassa, FL 33592-2237
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1855131
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,023 SF
Lot
3.03 ac (131,987 SF)
Zoning code
AS-1
APN
U14272067A000000000010
UPID
US18-1855131
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
-
The Lodge Kennel & Boarding Facility
-
The Lodge at New Tampa Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.17M
Owner & transaction history
Store Master Funding I LLC · 9 yrs held
Store Master Funding I LLC
since 2016
7 recorded transactions
Zoning & alternative use
AS-1 · Thonotosassa, 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 Thonotosassa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thonotosassa 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%
$845,000
6.5%
$780,000
7%
$720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,825,000
Current use
MEDICAL BUILDING
$1,740,000
Change: -5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,715,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,530,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,480,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$166 / 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
$37,676
Tax year 2023
Assessed value
$2,241,800
Assessed 2023
Previous assessed
$2,090,400
+7.2% YoY
Effective rate
1.68%
On assessed value
Assessed land
$392,688
Assessed improvement
$1,849,112
Land market value
$392,688
Improvement market value
$1,849,112
Total market value
$2,241,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
7,023 SF
Lot
3.03 ac (131,987 SF)
Zoning code
AS-1
APN
U14272067A000000000010
UPID
US18-1855131
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
AS-1 · Thonotosassa, FLZoning AS-1 · permitted uses
AS-1 · Thonotosassa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1
Buildings
2
Units
1
Bathrooms
2
Lot
3.03 ac
Current owner
From public records · entity-resolved
Store Master Funding I LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2016
$2,250,000
Store Master Funding I LLC
The Lodge At New Tampa INC
Warranty Deed
$2,250,000 · Citibank NA
Jul 16, 2008
—
The Lodge At New Tampa INC
Kenneth L Judson
Quit Claim Deed
related
$2,012,500 · Suntrust Bank
Feb 29, 2008
$650,000
Kenneth L Judson
Marisela Perera
Warranty Deed
$325,000 · M & I Marshall & Ilsley Bank
—
—
Lodge At New Tampa INC
—
Deed Of Trust
related
$2,041,581 · Suntrust Bank NA
—
—
Josephine Perera
—
Deed Of Trust
related
$140,000 · Chase Manhattan Mortgage Corp
—
—
Marisela Perera
—
Deed Of Trust
related
$304,000 · Countrywide Bank
—
—
Domingo L Perera
—
Deed Of Trust
related
$132,000 · Cima Mortgage Bankers
—
—
Marisela Perera
—
Deed Of Trust
related
$75,100 · Citibank Fsb
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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