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Property profile & analytics
OFF-MARKET
Estimated value
$22,035,000
High-rise multifamily apartments
2850 University Sq Dr Tampa, FL 33612-5528
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-0224562
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
WOOD
Total area
185,129 SF
Lot
4.28 ac (186,437 SF)
Zoning code
PD
APN
U082819ZZZ000001298900
UPID
US18-0224562
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
-
B&RRetailers Electronics Wholesaler
-
Möge Tee - Tampa Cafe & Coffee Shop
-
LOTUS LTO L.L.C. Clothing Store
-
The Standard at Tampa Student Housing Center Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.04M
Owner & transaction history
Standard At Tampa LLC · 9 yrs held
Standard At Tampa LLC
since 2017
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$119 / 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
$885,680
Tax year 2023
Assessed value
$50,586,800
Assessed 2023
Previous assessed
$50,762,300
-0.3% YoY
Effective rate
1.75%
On assessed value
Assessed land
$2,090,000
Assessed improvement
$48,496,800
Land market value
$2,090,000
Improvement market value
$48,496,800
Total market value
$50,586,800
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
5
Units
115
Rooms
79
Bathrooms
10
Total area
185,129 SF
Lot
4.28 ac (186,437 SF)
Zoning code
PD
APN
U082819ZZZ000001298900
UPID
US18-0224562
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.
Building & site characteristics
From public records
Year built
2019
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
4
Units
115
Rooms
79
Bathrooms
10
Lot
4.28 ac
Current owner
From public records · entity-resolved
Standard At Tampa LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 130339, CARLSBAD, CA 92013-0339
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
—
The Standard At Tampa LLC
—
Deed
related
$46,387,494 · Wells Fargo Bank NA
Mar 24, 2020
—
Standard At Tampa LLC
—
Deed
related
$150,612,505 · Wells Fargo Bk
Jul 20, 2017
$4,800,000
Standard At Tampa LLC
Fountainwood Mnr Apartments Ll
Warranty Deed
—
Jul 20, 2017
—
Standard At Tampa LLC
Fountainwood Mnr Apartments Ll
Quit Claim Deed
related
—
Jul 21, 2005
$3,241,400
Fountainwood Mnr Apartments Ll
Se Residential West LLC
Grant Deed
$2,400,000 · Independence Community Bank
Aug 28, 2001
$1,525,400
Se Residential W LLC
Ser University Square II Ltd
Grant Deed
—
Jan 24, 1997
$2,358,200
Ser University Square II Ltd
Tampa Total Return Income Fund
Grant Deed
—
—
—
Fountainwood Mnr Apartments Ll
—
Loan Modification
related
$2,617,736 · Mutual/omaha Bk
—
—
Fountainwood Mnr Apartments Ll
—
Deed Of Trust
related
$2,756,500 · Mutual/omaha Bk
—
—
Standard At Tampa LLC
—
Loan Modification
related
$150,612,505 · Wells Fargo Bk
—
—
Fountainwood Mnr Apartments Ll
—
Deed Of Trust
related
$600,000 · Sovereign Bank
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.
Try Rey
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