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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Medical Office Space
3505 Hillsborough Ave Tampa, FL 33610-4543
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3892154
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,428 SF
Lot
0.59 ac (25,617 SF)
Zoning code
CI
APN
A052919488000000001480
UPID
US18-3892154
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
-
Dr. Jayant M. Patel, MD Physician
-
MedFlorida Medical Centers - Tampa (was Doccare Clinic) Medical Clinic
-
MedFlorida Medical Centers - Tampa Hillsborough Medical Clinic
-
Inelvis Del Rio Ramos Medical Clinic
-
Inelvis Tampa Medfl Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.71M
Owner & transaction history
3505 East Hillsborough Avenue LLC · 5 yrs held
3505 East Hillsborough Avenue LLC
since 2020
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+15.1%
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
$2,070,000
ML approach
$2,165,000
CAP Approach
CAP Return
Estimation
6%
$1,490,000
6.5%
$1,375,000
7%
$1,275,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,280,000
Current use
OFFICE BUILDING
$2,620,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,195,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.66M (Nov 18 2020)
Last sale anchor
$1.66M
Nov 18 2020
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
$203 / 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
$31,835
Tax year 2023
Assessed value
$1,594,300
Assessed 2023
Previous assessed
$1,510,900
+5.5% YoY
Effective rate
2.00%
On assessed value
Assessed land
$281,787
Assessed improvement
$1,312,513
Land market value
$281,787
Improvement market value
$1,312,513
Total market value
$1,594,300
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Rooms
12
Total area
8,428 SF
Lot
0.59 ac (25,617 SF)
Zoning code
CI
APN
A052919488000000001480
UPID
US18-3892154
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FL
Zoning CI · permitted uses
CI · 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
MEDICAL BUILDING Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Rooms
12
Lot
0.59 ac
Current owner
From public records · entity-resolved
3505 East Hillsborough Avenue LLC
Entity
Mailing address
3889 MILITARY TRL STE #104, JUPITER, FL 33458-2923
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
$1,662,900
3505 East Hillsborough Avenue LLC
Viva Professional Building LLC
Warranty Deed
$1,330,248 · First Citizens Bank & Trust Co
Oct 23, 2015
—
Viva Professional Building LLC
Patel,sumita J
Grant Deed
$1,425,000 · Bank Of Tampa
—
—
Viva Professional Building LLC
—
Deed Of Trust
related
$1,425,000 · Bank Of Tampa
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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