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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Day care centers
2416 Cleveland St Tampa, FL 33609-3324
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1285199
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,825 SF
Lot
0.61 ac (26,438 SF)
Zoning code
RM-24
APN
A2329183OF000002000010
UPID
US18-1285199
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
-
Montessori Children's House of Hyde Park High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.69M
Owner & transaction history
Gehp LLC · 5 yrs held
Gehp LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
RM-24 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+135.8%
Apartment house (5+ units)
$2.1M
+79.4%
Office building
$2.0M
+67.8%
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
$1,755,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,190,000
Current use
RESTAURANT
$2,810,000
Change: +136% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,135,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$2,000,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$1,575,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,515,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,295,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,125,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.60M (Jun 29 2021)
Last sale anchor
$1.60M
Jun 29 2021
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
$290 / 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
$1,197
Tax year 2023
Assessed value
$1,740,381
Assessed 2023
Previous assessed
$1,453,388
+19.7% YoY
Effective rate
0.07%
On assessed value
Assessed land
$1,269,024
Assessed improvement
$471,357
Land market value
$1,269,024
Improvement market value
$471,357
Total market value
$1,740,381
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
22
Rooms
22
Bathrooms
5
Total area
5,825 SF
Lot
0.61 ac (26,438 SF)
Zoning code
RM-24
APN
A2329183OF000002000010
UPID
US18-1285199
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
22
Rooms
22
Bathrooms
5
Lot
0.61 ac
Current owner
From public records · entity-resolved
Gehp LLC
Entity
Mailing address
11650 131ST ST, LARGO, FL 33774-4740
Ownership since
2021
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
Apr 1, 2026
—
Gehp LLC
—
Deed
related
$2,513,000 · Citizens Bank INC
Jun 29, 2021
$1,600,000
Gehp LLC
Soul Shine Properties LLC
Special Warranty Deed
$2,460,000 · Incrediblebank
Jan 10, 2018
$1,258,000
Soul Shine Properties LLC
South Armenia Properties L L C
Special Warranty Deed
$1,503,900 · Centerstate Bank Of Florida NA
Dec 26, 2002
$850,000
South Armenia Properties LLC
Tdm Of Tampa INC
Grant Deed
$680,000 · Tdm Of Tampa INC
Mar 8, 2000
$355,000
Tdm Of Tampa INC
Ramirez,john
Grant Deed
—
—
—
South Armenia Properties LLC
—
Deed Of Trust
related
$1,121,909 · Roberta K Fernandez
—
—
South Armenia Properties LLC
—
Deed Of Trust
related
$1,550,000 · Wachovia Bank NA
—
—
South Armenia Properties LLC
—
Deed Of Trust
related
$174,668 · Roberta K Fernandez
—
—
South Armenia Properties LLC
—
Deed Of Trust
related
$456,909 · Roberta K Fernandez
—
—
South Armenia Properties LLC
—
Deed Of Trust
related
$665,000 · Roberta K Fernandez
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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