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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Office buildings
1613 Marion St Tampa, FL 33602-2638
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3531950
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,377 SF
Lot
0.93 ac (40,656 SF)
Zoning code
RM-24
APN
A1329184YY000005000010
UPID
US18-3531950
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
-
A Brighter Community, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.61M
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.69M
Owner & transaction history
Heights 2 Properties LLC · 3 yrs held
Heights 2 Properties LLC
since 2023
Last sale
$2.8M
1 recorded transaction
Zoning & alternative use
RM-24 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+22.3%
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
$2,550,000
ML approach
$2,610,000
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,645,000
7%
$1,530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,905,000
Current use
RESTAURANT
$3,555,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,705,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.80M (Mar 2 2023)
Last sale anchor
$2.80M
Mar 2 2023
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
$365 / 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
$1,091
Tax year 2023
Assessed value
$782,374
Assessed 2023
Previous assessed
$754,192
+3.7% YoY
Effective rate
0.14%
On assessed value
Assessed land
$528,528
Assessed improvement
$253,846
Land market value
$528,528
Improvement market value
$253,846
Total market value
$782,374
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
7,377 SF
Lot
0.93 ac (40,656 SF)
Zoning code
RM-24
APN
A1329184YY000005000010
UPID
US18-3531950
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RM-24 · Tampa, FL
Zoning RM-24 · permitted uses
RM-24 · 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 Current
Est. value
$2.9M
RESTAURANT
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
4
Lot
0.93 ac
Current owner
From public records · entity-resolved
Heights 2 Properties LLC
Entity
Mailing address
270 CLEARWATER LARGO RD N STE C, LARGO, FL 33770-2391
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$2,800,000
Heights 2 Properties LLC
A Brighter Community INC
Special Warranty Deed
$2,100,000 · Vast Bank NA
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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