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Property profile & analytics
OFF-MARKET
Estimated value
$7,895,000
Assisted living facilities
3612 138th Ave Tampa, FL 33613-4703
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4500273
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,489 SF
Lot
4.95 ac (215,625 SF)
Zoning code
SPI-UC-2
APN
U052819ZZZ000001267300
UPID
US18-4500273
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
-
Palm Garden of Tampa Nursing Home
-
Etsec Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.65M
Blend (final)
Blend
$7.90M
Owner & transaction history
Pgtpa Re LLC · 2 yrs held
Pgtpa Re LLC
since 2024
Last sale
$7.9M
3 recorded transactions
Zoning & alternative use
SPI-UC-2 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.9M
+47.7%
Retail stores
$12.1M
+38.3%
Auto repair, garage
$10.5M
+20.2%
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
$7,895,000
ML approach
$7,895,000
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)
$8,750,000
Current use
OFFICE BUILDING
$12,920,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$12,100,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,515,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$7.90M
Range $7.11M – $8.68M · ±10% · vs last sale $7.90M (Mar 15 2024)
Last sale anchor
$7.90M
Mar 15 2024
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
$145 / 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
$74,619
Tax year 2023
Assessed value
$4,789,000
Assessed 2023
Previous assessed
$3,514,400
+36.3% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,071,009
Assessed improvement
$3,717,991
Land market value
$1,071,009
Improvement market value
$3,717,991
Total market value
$4,789,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
60
Rooms
60
Bathrooms
66
Total area
54,489 SF
Lot
4.95 ac (215,625 SF)
Zoning code
SPI-UC-2
APN
U052819ZZZ000001267300
UPID
US18-4500273
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SPI-UC-2 · Tampa, FL
Zoning SPI-UC-2 · permitted uses
SPI-UC-2 · 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
$8.8M
OFFICE BUILDING
Est. value
$12.9M
RETAIL STORES
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
RETAIL STORES
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
60
Rooms
60
Bathrooms
66
Lot
4.95 ac
Current owner
From public records · entity-resolved
Pgtpa Re LLC
Entity
Mailing address
2033 MAIN ST STE #300, SARASOTA, FL 34237-6062
Ownership since
2024
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
Mar 15, 2024
$7,896,005
Pgtpa Re LLC
Springdale Health Centers LLC
Warranty Deed
$11,000,000 · Regions Bank
Oct 6, 2016
—
Springdale Health Centers LLC
—
Deed
related
$125,000,000 · Capital One NA
Nov 1, 2013
—
Springdale Health Centers LLC
Sa-pg Operator Holdings LLC
Quit Claim Deed
related
$85,000,000 · Regions Bk/fayette
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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