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Property profile & analytics
FOR SALE
Medical Office Space
311 Bullard Pkwy Temple Terrace, FL 33617
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5541061
For Sale
$3,000,000
311 Bullard Pkwy, Temple Terrace, FL 33617
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,167 SF
Lot
0.48 ac (20,720 SF)
Zoning code
CO
APN
T22281955Z0000C3000190
UPID
US18-5541061
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$830k
Owner & transaction history
Spectrum Medical Park LLC · 18 yrs held
Spectrum Medical Park LLC
since 2007
6 recorded transactions
Zoning & alternative use
CO · Temple Terrace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
53.91 ac
Source
Realmo
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 Temple Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temple Terrace 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%
$1,010,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,125,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,085,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$925,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$199 / 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
$22,974
Tax year 2023
Assessed value
$1,261,100
Assessed 2023
Previous assessed
$1,153,900
+9.3% YoY
Effective rate
1.82%
On assessed value
Assessed land
$205,128
Assessed improvement
$1,055,972
Land market value
$205,128
Improvement market value
$1,055,972
Total market value
$1,261,100
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 Sale
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
2
Total area
4,167 SF
Lot
0.48 ac (20,720 SF)
Zoning code
CO
APN
T22281955Z0000C3000190
UPID
US18-5541061
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CO · Temple Terrace, FLZoning CO · permitted uses
CO · Temple Terrace, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
53.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$925,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Spectrum Medical Park LLC
Entity
Mailing address
341 BULLARD PKWY STE A, TEMPLE TERRACE, FL 33617-5544
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2007
$360,800
Spectrum Medical Park LLC
Ronald L Barbour Pa
Warranty Deed
$1,427,107 · Bank Of America
Jul 24, 2007
$600,000
Ronald L Barbour Pa
Knapp & Sons INC
Warranty Deed
$360,000 · Bank Of America
Jun 23, 2005
$275,000
Knapp & Sons INC
Miller,r W & Elizabeth W
Warranty Deed
$225,000 · Pilot Bank
—
—
Miller R W
—
Deed Of Trust
related
$109,234 · Century Bank
—
—
Knapp & Sons INC
—
Deed Of Trust
related
$135,000 · Pilot Bank
—
—
Miller R W
—
Deed Of Trust
related
$250,000 · Century Bank Of Florida
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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