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Property profile & analytics
FOR LEASE
Medical Office Space
2708 W Virginia Ave Tampa, FL 33607
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5442009
For Lease
1 / 9
$44,100 SF/Yr
2708 W Virginia Ave, Tampa, FL 33607
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,085 SF
Lot
0.46 ac (20,000 SF)
Zoning code
RO
APN
A1029183IV000000000290
UPID
US18-5442009
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
-
Praveen Rohatgi MD Physician
-
Praveen Kumar Rohatgi Physician
-
Nalini Rohatgi,M.D. Allergy Asthma Sinus Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.50M
Owner & transaction history
2708 W Virginia Ave LLC · 2 yrs held
2708 W Virginia Ave LLC
since 2023
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
RO · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dard, you can develop and use property as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and…
Zone name
Residential Office
General category
MIXED_USE
Zone area
41.33 ac
Top alternative use upside
Restaurant
$2.5M
+78.4%
Apartment house (5+ units)
$1.9M
+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
$1,440,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,375,000
Current use
RESTAURANT
$2,450,000
Change: +78% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,865,000
Change: +36% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,325,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,130,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.55M (Dec 14 2023)
Last sale anchor
$1.55M
Dec 14 2023
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
$294 / 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
$15,449
Tax year 2023
Assessed value
$779,700
Assessed 2023
Previous assessed
$713,400
+9.3% YoY
Effective rate
1.98%
On assessed value
Assessed land
$220,000
Assessed improvement
$559,700
Land market value
$220,000
Improvement market value
$559,700
Total market value
$779,700
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
For Lease
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
17
Rooms
17
Bathrooms
2
Total area
5,085 SF
Lot
0.46 ac (20,000 SF)
Zoning code
RO
APN
A1029183IV000000000290
UPID
US18-5442009
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RO · Tampa, FLZoning RO · permitted uses
RO · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
dard, you can develop and use property as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-C
Zone name
Residential Office
General category
MIXED_USE
Zone area
41.33 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
17
Rooms
17
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
2708 W Virginia Ave LLC
Entity
Mailing address
2708 W VIRGINIA AVE, TAMPA, FL 33607-6380
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
$1,550,000
2708 W Virginia Ave LLC
Praveen Rohatgi
Warranty Deed
$1,317,500 · First Citizens Bank & Trust Co
Sep 16, 1997
—
Rohatgi Trust
Rohatgi,nalini & Praveen K
Quit Claim Deed
related
$455,000 · Southtrust Bank Florida 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.
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