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Property profile & analytics
OFF-MARKET
Estimated value
$7,055,000
Assisted living facilities
2301 Palm Dr Tampa, FL 33629-7320
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3884371
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,996 SF
Lot
1.47 ac (64,033 SF)
Zoning code
RM-24
APN
A2629183OY000000000110
UPID
US18-3884371
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
-
The Estate at Hyde Park Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.79M
Blend (final)
Blend
$7.06M
Owner & transaction history
City Of Tampa · 5 yrs held
City Of Tampa
since 2020
7 recorded transactions
Zoning & alternative use
RM-24 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.0M
+20.2%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$9,155,000
Current use
AUTO REPAIR, GARAGE
$11,000,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$7.06M
Range $6.35M – $7.76M · ±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
$124 / 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
$218,363
Tax year 2023
Assessed value
$11,237,600
Assessed 2023
Previous assessed
$14,200,500
-20.9% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,380,000
Assessed improvement
$9,857,600
Land market value
$1,380,000
Improvement market value
$9,857,600
Total market value
$11,237,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
69
Bathrooms
2
Total area
56,996 SF
Lot
1.47 ac (64,033 SF)
Zoning code
RM-24
APN
A2629183OY000000000110
UPID
US18-3884371
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$11.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
69
Bathrooms
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
City Of Tampa
Entity
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2020
—
City Of Tampa
Arhc Hbtpafl01 LLC
Warranty Deed
related
—
Nov 8, 2017
—
Arhc Hbtpafl01 LLC
—
Grant Deed
related
$142,708,000 · Keybank USA
Aug 11, 2014
$24,200,000
Arhc Hbtpaflo1 LLC
Shi Horizon Bay Memory Care
Grant Deed
—
Aug 31, 2011
$1,600,000
Shi Horizon Bay Memory Care Ll
Stratford On Howard Dev LLC
Grant Deed
—
Jun 11, 2010
—
Stratford On Howard Dev LLC
—
Deed Of Trust
related
$275,000,000 · Deutsche Bank Trust Co America
Mar 24, 2006
—
Stratford On Howard Dev LLC
Crescent Resources LLC
Warranty Deed
related
—
Nov 16, 2005
$2,250,000
Crescent Resources LLC
Billig,william P & Debra D
Grant Deed
—
—
—
William P Billig
—
Deed Of Trust
related
$255,500 · Sigmund Financial Group INC
—
—
Arhc Hbtpafl01 LLC
—
Loan Modification
related
—
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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