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Property profile & analytics
FOR SALE
Office buildings
203 N Marion St, Tampa, FL 33602
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-4323584
For Sale
1 / 8
$2,999,900
203 N Marion St, Tampa, FL 33602
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,748 SF
Lot
0.29 ac (12,653 SF)
Zoning code
CBD-1
APN
A2429184ZI000083000021
UPID
US18-4323584
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
-
Prasand Kesavan Pediatrician Physician
-
Pratick Patel Physician
-
Jasmine Young Physician
-
Devon Rayasa Physician
-
Kevin Li Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.36M
Owner & transaction history
Sloane Street Capital LLC · 10 yrs held
Sloane Street Capital LLC
since 2015
7 recorded transactions
Zoning & alternative use
CBD-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,870,000
6.5%
$1,730,000
7%
$1,605,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,055,000
Current use
RESTAURANT
$3,735,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,840,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±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
$305 / 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
$111,758
Tax year 2023
Assessed value
$5,403,500
Assessed 2023
Previous assessed
$4,926,000
+9.7% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,568,972
Assessed improvement
$3,834,528
Land market value
$1,568,972
Improvement market value
$3,834,528
Total market value
$5,403,500
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
For Sale
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Rooms
20
Total area
7,748 SF
Lot
0.29 ac (12,653 SF)
Zoning code
CBD-1
APN
A2429184ZI000083000021
UPID
US18-4323584
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-1 · Tampa, FL
Zoning CBD-1 · permitted uses
CBD-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
OFFICE BUILDING Current
Est. value
$3.1M
RESTAURANT
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
20
Lot
0.29 ac
Current owner
From public records · entity-resolved
Sloane Street Capital LLC
Entity
Free & Clear · 10 yrs held
Mailing address
6911 BRYAN DAIRY RD STE #210, SEMINOLE, FL 33777-1641
Ownership since
2015
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
Mar 7, 2019
—
Sloane Street Capital LLC
—
Deed
related
$3,000,000 · Northern Tr
Dec 4, 2015
$1,600,000
Sloane Street Capital LLC
203 N Marion Street Holdings L
Warranty Deed
related
—
Dec 1, 2014
$1,225,000
N Marion Street Holdings L 203
203 N Marion Street LLC
Grant Deed
related
$656,900 · Bank Of Tampa
Feb 9, 2006
$740,000
203 N Marion Street LLC
Kokolakis,joseph J & Anna
Warranty Deed
—
Aug 16, 1996
$625,000
203 Marion Street INC
Jeanne,stephens
Grant Deed
$575,000 · Jeanne Stephens Lee Enterprise
—
—
Sloane Street Capital LLC
—
Deed Of Trust
related
$3,000,000 · Northern Tr
—
—
203 N Marion Street LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
203 Marion Street INC
—
Deed Of Trust
related
$125,000 · Southtrust 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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