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Property profile & analytics
OFF-MARKET
Estimated value
$4,675,000
Turn key restaurants
1701 Franklin St Tampa, FL 33602-2623
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5488203
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,510 SF
Lot
0.19 ac (8,160 SF)
Zoning code
CI
APN
A1329184YE000004000060
UPID
US18-5488203
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
-
Sorellina Handcrafted Italian Restaurant
-
Trabajo De Genesis Restaurant
-
Fariss LTD LLC Hotel & Motel Resort
-
Star Insurance Quotes Insurance Agency
-
a2property Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.02M
Blend (final)
Blend
$4.68M
Owner & transaction history
Bass Props LLC · 1 yrs held
Bass Props LLC
since 2025
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
CI · 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
$6,505,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$4.68M
Range $4.21M – $5.14M · ±10% · vs last sale $5.00M (Oct 13 2024)
Last sale anchor
$5.00M
Oct 13 2024
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
$283 / 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
$42,693
Tax year 2023
Assessed value
$2,260,403
Assessed 2023
Previous assessed
$2,009,112
+12.5% YoY
Effective rate
1.89%
On assessed value
Assessed land
$153,000
Assessed improvement
$2,107,403
Land market value
$153,000
Improvement market value
$2,107,403
Total market value
$2,260,403
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
3
Total area
16,510 SF
Lot
0.19 ac (8,160 SF)
Zoning code
CI
APN
A1329184YE000004000060
UPID
US18-5488203
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FL
Zoning CI · permitted uses
CI · 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
$6.5M
OFFICE BUILDING
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bass Props LLC
Entity
Mailing address
3401 BAYSHORE BLVD UNIT #1802, TAMPA, FL 33629-8993
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 13, 2025
$5,000,000
Bass Props LLC
A2 LLC
Special Warranty Deed
$3,892,065 · Valley National Bank
Jun 10, 2016
—
A2 LLC
—
Deed
related
$1,920,000 · Sunshine Bk
Feb 13, 2015
—
A2 LLC
—
Trustees Deed
related
$75,000 · Jeanette Alonso
May 29, 2014
$885,000
A2 LLC
Morito,roland JR & Antoinette
Warranty Deed
$660,000 · Roland JR & Antoinette Morito
—
—
A2 LLC
—
Deed Of Trust
related
$1,920,000 · Sunshine Bk
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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