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Property profile & analytics
OFF-MARKET
Estimated value
$9,245,000
Office buildings
17401 Commerce Park Blvd Tampa, FL 33647-3501
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1176898
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,765 SF
Lot
2.29 ac (99,752 SF)
Zoning code
PD-A
APN
A14271960P000000000010
UPID
US18-1176898
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
-
17401 Commerce Park Blvd, Tampa FL (Bike/Boat/Book/etc) Store Corporate Office
-
Hiten Bhuta (Bike/Boat/Book/etc) Store Corporate Office
-
Orthodontic Specialists of Florida Dental Office
-
Lucrecia Dore, MD Physician Medical Clinic
-
Tampa Design Company Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
$5.70M
Comparable Approach
Comparable
$7.92M
Blend (final)
Blend
$9.25M
Owner & transaction history
Fef 17401 Commerce Holdings LLC · 1 yrs held
Fef 17401 Commerce Holdings LLC
since 2025
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
PD-A · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ugh 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development - PD, PD-A Section 27-156, Table 4-1 What is a zoning lot? Lot, zoning: A lot or combination of lots shown on an application for a zoning complian…
Zone name
Planned Development Alternative
General category
PLANNED_DEVELOPMENT
Zone area
13,345.14 ac
Top alternative use upside
Restaurant
$12.9M
+72.8%
Apartment house (5+ units)
$9.8M
+31.5%
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
$9,565,000
ML approach
$9,220,000
CAP Approach
CAP Return
Estimation
6%
$6,170,000
6.5%
$5,695,000
7%
$5,290,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,465,000
Current use
RESTAURANT
$12,905,000
Change: +73% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,820,000
Change: +31% · Conversion: Easy
MEDICAL BUILDING
$7,235,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,965,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$9.25M
Range $8.32M – $10.17M · ±10% · vs last sale $9.10M (Jan 1 2025)
Last sale anchor
$9.10M
Jan 1 2025
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
$345 / 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
$105,091
Tax year 2023
Assessed value
$5,403,800
Assessed 2023
Previous assessed
$4,866,300
+11.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$869,761
Assessed improvement
$4,534,039
Land market value
$869,761
Improvement market value
$4,534,039
Total market value
$5,403,800
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
26,765 SF
Lot
2.29 ac (99,752 SF)
Zoning code
PD-A
APN
A14271960P000000000010
UPID
US18-1176898
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD-A · Tampa, FLZoning PD-A · permitted uses
PD-A · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ugh 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development - PD, PD-A Section 27-156, Table 4-1 What is a zoning lot? Lot, zoning: A lot or combination of lots shown on an application for a zoning compliance permit which together meet all applicable requirements for development. Section 2
Zone name
Planned Development Alternative
General category
PLANNED_DEVELOPMENT
Zone area
13,345.14 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.5M
RESTAURANT
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
2.29 ac
Current owner
From public records · entity-resolved
Fef 17401 Commerce Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3333 PEACHTREE RD NE, ATLANTA, GA 30326-1070
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$9,096,600
Fef 17401 Commerce Holdings LLC
Fm Tampa Fl Landlord LLC
Special Warranty Deed
—
Jul 7, 2022
—
Nagamallswara Zppasani
Shahrukh H Khan
Correction Deed
related
—
Jun 21, 2022
$631,000
Nagamalleswara Appasani
Shahrukh H Khan
Warranty Deed
—
Aug 13, 2020
$6,275,800
Fm Tampa Fl Landlord LLC
Fmc Commerce Park LLC
Grant Deed
—
Oct 2, 2017
$2,600,000
Fmc Commerce Park LLC
Brem Holdings LLP
Grant Deed
—
Dec 19, 2003
$2,000,000
Ortho Technology Park LLP
Leaghty,brian
Grant Deed
—
—
—
Ortho Technology Park LLP
—
Deed Of Trust
related
$1,400,000 · Bank Of Tampa
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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