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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Office buildings
311 Fletcher Ave Tampa, FL 33612-3414
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-0965712
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,530 SF
Lot
2.19 ac (95,354 SF)
Zoning code
PD
APN
U0128180TD000009000071
UPID
US18-0965712
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
-
Adcock Financial Group Financial Advisor
-
Adcock Howard Insurance Agency
-
Chew Leonard Insurance Agency
-
Bradnick Deborah Insurance Agency
-
Hayes Kristin Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.52M
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$2.91M
Owner & transaction history
Adcock Florida Fam Ltd Partner · 7 yrs held
Adcock Florida Fam Ltd Partner
since 2019
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+28.1%
Neighborhood: shopping center
$4.6M
+23.3%
Retail stores
$3.9M
+5.3%
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%
$3,810,000
6.5%
$3,520,000
7%
$3,265,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,700,000
Current use
MEDICAL BUILDING
$4,740,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,560,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$3,890,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,385,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,340,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±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
$166 / 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
$39,219
Tax year 2023
Assessed value
$2,172,000
Assessed 2023
Previous assessed
$2,024,700
+7.3% YoY
Effective rate
1.81%
On assessed value
Assessed land
$1,019,424
Assessed improvement
$1,152,576
Land market value
$1,019,424
Improvement market value
$1,152,576
Total market value
$2,172,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
40
Rooms
40
Bathrooms
11
Total area
17,530 SF
Lot
2.19 ac (95,354 SF)
Zoning code
PD
APN
U0128180TD000009000071
UPID
US18-0965712
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
40
Rooms
40
Bathrooms
11
Lot
2.19 ac
Current owner
From public records · entity-resolved
Adcock Florida Fam Ltd Partner
Individual
Mailing address
315 W FLETCHER AVE, TAMPA, FL 33612-3414
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
—
Adcock Florida Family LP
—
Deed
related
$340,000 · Servisfirst Bank
Apr 17, 2019
$194,900
Adcock Florida Fam Ltd Partner
Adcock,johnny R & Susan W
Warranty Deed
—
Apr 17, 2019
$194,800
Adcock Florida Family LP
Adcock,michael & Margaret
Warranty Deed
—
May 14, 2003
—
Adcock Florida Family LP
Adcock,john L & Dorothy N
Quit Claim Deed
related
—
Apr 8, 1999
—
John L Adcock
—
Grant Deed
related
$1,700,000 · First Citrus Bank
Jan 15, 1999
$370,000
John L Adcock
Davenport,odette
Grant Deed
$400,000 · Northside Bank Of Tampa
—
—
Adcock Florida Family LP
—
Loan Modification
related
$336,781 · Bay Cities Bank
—
—
Johnny R Adcock
—
Deed Of Trust
related
$683,914 · Bay Cities 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.
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