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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Medical Office Space
3000 Dr Martin Luther King Jr Blvd Tampa, FL 33607-6308
Trust Owned
10-yr Hold
Free & Clear
Property ID
US18-3927497
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,208 SF
Lot
1.19 ac (52,000 SF)
Zoning code
OP
APN
A1029183IY000000000070
UPID
US18-3927497
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
-
Martin E. Orlick, M.D. Ophthalmologist
-
James Revennaugh Physician
-
Dr. Clarence Russell Physician
-
David H. Leach, MD - Tampa Eye Clinic Ophthalmologist
-
Steinmetz Rodney D MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.79M
Owner & transaction history
Creighton Trust · 10 yrs held
Creighton Trust
since 2016
4 recorded transactions
Zoning & alternative use
OP · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 • Chann…
Zone name
Office Professional
General category
MIXED_USE
Zone area
71.27 ac
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%
$3,450,000
6.5%
$3,185,000
7%
$2,960,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,695,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$3,155,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$3,145,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±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
$196 / 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
$70,514
Tax year 2023
Assessed value
$3,775,500
Assessed 2023
Previous assessed
$3,400,600
+11.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$715,374
Assessed improvement
$3,060,126
Land market value
$715,374
Improvement market value
$3,060,126
Total market value
$3,775,500
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
24
Rooms
24
Total area
14,208 SF
Lot
1.19 ac (52,000 SF)
Zoning code
OP
APN
A1029183IY000000000070
UPID
US18-3927497
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
OP · Tampa, FLZoning OP · permitted uses
OP · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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-CG, SH-CI •
Zone name
Office Professional
General category
MIXED_USE
Zone area
71.27 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
MEDICAL BUILDING Current
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
24
Rooms
24
Lot
1.19 ac
Current owner
From public records · entity-resolved
Creighton Trust
Trust
Free & Clear · 10 yrs held
Mailing address
3000 W DR MARTIN LUTHER KING JR BLVD, TAMPA, FL 33607-6308
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
May 2, 2024
—
Tampa Eye Holdings LLC
—
Deed
related
$4,000,000 · The Bank Of Tampa
Jun 8, 2016
—
Creighton Trust
Catherine G Creighton
Quit Claim Deed
related
—
Jun 8, 2016
$3,200,000
Tampa Eye Holdings LLC
Creighton Trust
Trustees Deed
related
$2,720,000 · Bank Of America
Dec 31, 2015
—
Catherine G Creighton
Creighton J Burns JR Trust
Quit Claim Deed
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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