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Property profile & analytics
OFF-MARKET
Estimated value
$23,070,000
Medical Office Space
2333 Hillsborough Ave Tampa, FL 33603-1032
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3433249
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
61,123 SF
Lot
5.41 ac (235,537 SF)
Zoning code
PD
APN
A3528183H0000007000110
UPID
US18-3433249
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
-
Dr. Jose Rivera Physician
-
Tampa Pain Relief Centers - Hillsborough Physician
-
Bruce Piszel Physician
-
ROBERT GUIRGUIS Physician
-
Kimberly Marie Lamartin, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.98M
Blend (final)
Blend
$23.07M
Owner & transaction history
Nr Tampa Medical LLC · 3 yrs held
Nr Tampa Medical LLC
since 2022
Last sale
$28.0M
4 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.5M
+78.4%
Apartment house (5+ units)
$22.4M
+35.7%
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
$23,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$16,525,000
Current use
RESTAURANT
$29,470,000
Change: +78% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$22,420,000
Change: +36% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,900,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$15,580,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$23.07M
Range $20.76M – $25.38M · ±10% · vs last sale $28.00M (Aug 2 2022)
Last sale anchor
$28.00M
Aug 2 2022
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
$377 / 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
$320,967
Tax year 2023
Assessed value
$16,881,800
Assessed 2023
Previous assessed
$15,205,700
+11.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$2,535,320
Assessed improvement
$14,346,480
Land market value
$2,535,320
Improvement market value
$14,346,480
Total market value
$16,881,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Total area
61,123 SF
Lot
5.41 ac (235,537 SF)
Zoning code
PD
APN
A3528183H0000007000110
UPID
US18-3433249
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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
MEDICAL BUILDING Current
Est. value
$16.5M
RESTAURANT
Est. value
$29.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.9M
OFFICE BUILDING
Est. value
$15.6M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
10
Lot
5.41 ac
Current owner
From public records · entity-resolved
Nr Tampa Medical LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
$28,000,000
Nr Tampa Medical LLC
Hta Tampa Medical Village LLC
Special Warranty Deed
—
Mar 17, 2017
$21,100,000
Hta-tampa Medical Village LLC
Hhd Hillsborough Mv LLC
Grant Deed
—
Dec 7, 2015
$4,800,000
Hhd Hillsborough Mv LLC
Lilton Realty LLC
Trustees Deed
$11,500,000 · Usameribank
Dec 7, 2015
$200,000
Hhd Hillsborough Mv Outparcel
Lilton Realty LLC
Grant Deed
—
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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