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Property profile & analytics
OFF-MARKET
Estimated value
$3,880,000
Assisted living facilities
312 124th Ave, Tampa, FL 33612-4305
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0881510
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,125 SF
Lot
1.32 ac (57,518 SF)
Zoning code
RMC-12
APN
U12281810P000000000061
UPID
US19-0881510
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
-
Elysian Gardens Assisted Living Facility Nursing Home Retirement Community
-
Home Is Where the Heart Is Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.21M
Blend (final)
Blend
$3.88M
Owner & transaction history
Elysian Gardens LLC · 4 yrs held
Elysian Gardens LLC
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
RMC-12 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.6M
+128.4%
Medical building
$4.1M
+68.3%
Neighborhood: shopping center
$3.9M
+62.0%
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
$4,225,000
ML approach
$4,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,550,000
Change: +128% · Conversion: Difficult
MEDICAL BUILDING
$4,090,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,935,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$3,360,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$3,190,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,920,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.88M
Range $3.49M – $4.27M · ±10% · vs last sale $3.85M (Nov 2 2021)
Last sale anchor
$3.85M
Nov 2 2021
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
$257 / 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
$41,192
Tax year 2023
Assessed value
$2,314,400
Assessed 2023
Previous assessed
$2,398,400
-3.5% YoY
Effective rate
1.78%
On assessed value
Assessed land
$371,549
Assessed improvement
$1,942,851
Land market value
$371,549
Improvement market value
$1,942,851
Total market value
$2,314,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
26
Bathrooms
22
Total area
15,125 SF
Lot
1.32 ac (57,518 SF)
Zoning code
RMC-12
APN
U12281810P000000000061
UPID
US19-0881510
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RMC-12 · Tampa, FL
Zoning RMC-12 · permitted uses
RMC-12 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
26
Bathrooms
22
Lot
1.32 ac
Current owner
From public records · entity-resolved
Elysian Gardens LLC
Entity
Mailing address
3621 NW 90TH TER, SUNRISE, FL 33351-6470
Ownership since
2021
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
Apr 9, 2026
—
Elysian Gardens LLC
—
Deed
related
$2,194,000 · Gte Federal Credit Union
Nov 2, 2021
$3,850,000
Elysian Gardens LLC
Leelevi LLC
Special Warranty Deed
$3,580,000 · Live Oak Banking Company
Jan 2, 2020
—
Leelevi LLC
—
Deed
related
$4,386,000 · Englewood Bk & Tr
Feb 3, 2014
$2,351,000
Leelevi LLC
Cvk Investments INC
Warranty Deed
$2,650,000 · Homebanc
Jan 4, 2005
$2,150,000
Cvk Investments INC
Casa Febe Retirement Home INC
Warranty Deed
$1,575,500 · California Bank & Trust
Jul 17, 2000
$107,100
Casa Febe Retirement Home INC
Keithly,barbara F
Grant Deed
—
—
—
Leelevi LLC
—
Deed Of Trust
related
$4,386,000 · Englewood Bk & Tr
—
—
Casa Febe Retirement Home INC
—
Deed Of Trust
related
$189,600 · California Bank & Trust
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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