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Property profile & analytics
OFF-MARKET
Estimated value
$26,315,000
High-rise multifamily apartments
3600 Fletcher Ave Tampa, FL 33613-4736
Entity Owned
8-yr Hold
Free & Clear
Property ID
US19-0854919
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2020
Construction
WOOD
Total area
307,647 SF
Lot
4.86 ac (211,701 SF)
Zoning code
PD
APN
U052819ZZZ000001267600
UPID
US19-0854919
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
-
Union on Fletcher Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.32M
Owner & transaction history
Union Fletcher Tampa Fl LLC · 8 yrs held
Union Fletcher Tampa Fl LLC
since 2017
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$86 / 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
$789,980
Tax year 2023
Assessed value
$47,604,000
Assessed 2023
Previous assessed
$47,730,700
-0.3% YoY
Effective rate
1.66%
On assessed value
Assessed land
$2,170,000
Assessed improvement
$45,434,000
Land market value
$2,170,000
Improvement market value
$45,434,000
Total market value
$47,604,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
5
Units
217
Rooms
84
Bathrooms
4
Total area
307,647 SF
Lot
4.86 ac (211,701 SF)
Zoning code
PD
APN
U052819ZZZ000001267600
UPID
US19-0854919
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.
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
2
Units
217
Rooms
84
Bathrooms
4
Lot
4.86 ac
Current owner
From public records · entity-resolved
Union Fletcher Tampa Fl LLC
Entity
Free & Clear · 8 yrs held
Mailing address
999 SHADY GRV RD S STE #600, MEMPHIS, TN 38120-4130
Ownership since
2017
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 10, 2019
—
Union Fletcher Tampa Fl LLC
—
Grant Deed
related
$45,900,000 · Citizens Bk NA
Dec 5, 2017
$8,000,000
Union Fletcher Tampa Fl LLC
Collier Tampa Usf II LLC
Grant Deed
—
Feb 29, 2016
$6,000,000
Collier Tampa Usf II LLC
Adagio Apartments LLC
Special Warranty Deed
—
Oct 4, 2007
$4,350,000
Adagio Apartments LLC
City National Bank Of Florida
Deed
$3,300,000 · Prudential Multifamily Mortgage INC
Dec 15, 2005
—
Trust 2401-2158-00
Adagio-fletcher Land Trust
Quit Claim Deed
related
—
Aug 4, 2005
—
Fletcher Adagio Trust
Adagio Realty Corp
Quit Claim Deed
related
—
Sep 3, 2003
$2,900,000
Adagio Realty Corp
Us Housing Partners III LP
Grant Deed
—
Nov 5, 2001
$2,050,000
Housing Partners Us III
Willow Wick Apartment Homes
Grant Deed
$2,750,000 · Fleet National 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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