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Property profile & analytics
OFF-MARKET
Estimated value
$19,020,000
High-rise multifamily apartments
220 Madison St Tampa, FL 33602-4825
Entity Owned
~
Est. High Equity
Property ID
US18-7848948
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,880 SF
Lot
0.26 ac (11,271 SF)
Zoning code
CBD-1
APN
A2429184ZI000058000000
UPID
US18-7848948
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
-
Ford & Associates Law Firm
-
Dr. maighread M. monta, DDS Physician
-
American Dream Capital Loan Service Bank
-
LibertyX Bitcoin ATM Atm
-
Dr. Gunnar M. Tomas, DDS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.84M
Comparable Approach
Comparable
$19.64M
Blend (final)
Blend
$19.02M
Owner & transaction history
220 E Madison LLC
220 E Madison LLC
since 2026
Last sale
$21.8M
7 recorded transactions
Zoning & alternative use
CBD-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$30.3M
+7.4%
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%
$13,905,000
6.5%
$12,835,000
7%
$11,920,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$28,200,000
Current use
OFFICE BUILDING
$30,295,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$19.02M
Range $17.12M – $20.92M · ±10% · vs last sale $21.80M (Feb 12 2026)
Last sale anchor
$21.80M
Feb 12 2026
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
$247 / 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
$168,361
Tax year 2023
Assessed value
$12,013,100
Assessed 2023
Previous assessed
$11,520,500
+4.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,397,604
Assessed improvement
$10,615,496
Land market value
$1,397,604
Improvement market value
$10,615,496
Total market value
$12,013,100
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
12
Units
48
Rooms
100
Total area
76,880 SF
Lot
0.26 ac (11,271 SF)
Zoning code
CBD-1
APN
A2429184ZI000058000000
UPID
US18-7848948
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$28.2M
OFFICE BUILDING
Est. value
$30.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
12
Units
48
Rooms
100
Lot
0.26 ac
Current owner
From public records · entity-resolved
220 E Madison LLC
Entity
Mailing address
1 PENN PLZ #3900, NEW YORK, NY 10119-0002
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
$21,800,000
220 E Madison LLC
Urban Core Holdings II LLC
Warranty Deed
$25,000 · American Memorial Life Insurance Co
Jul 20, 2023
—
Hocp Acquisitions LLC
Urban Core Holdings II LLC
Agreement Of Sale
—
Aug 27, 2020
—
Urban Core Holdings II LLC
—
Deed
related
$10,000,000 · Bank Leumi USA
Dec 6, 2017
—
Urban Core Holdings II LLC
—
Deed
related
$9,450,000 · City Nat'l Bk/fl
Aug 18, 2017
$4,600,000
Urban Core Holdings II LLC
Westwind Dev V LLC
Grant Deed
$2,000,000 · Westwind Dev V LLC
Apr 25, 2005
$4,800,000
Westwind Dev V LLC
220 Madison INC Coc
Trustees Deed
—
Jul 27, 2000
$875,000
220 Madison INC
200 Madison INC
Grant Deed
$3,500,000 · Intervest Bank
—
—
Tyser M Kurdi
—
Deed Of Trust
related
$30,000 · Amsouth Bank
—
—
Urban Core Holdings II LLC
—
Deed Of Trust
related
$9,450,000 · City Nat'l Bk/fl
—
—
Urban Core Holdings II LLC
—
Loan Modification
related
$10,000,000 · Bank Leumi USA
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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