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Property profile & analytics
OFF-MARKET
Estimated value
$3,245,000
Office buildings
3923 Coconut Palm Dr, Tampa, FL 33619-1356
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-0215637
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,890 SF
Lot
4 ac (174,126 SF)
Zoning code
M
APN
U07292028A000001000010
UPID
US18-0215637
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
-
Sabal Business Center 1 Business Service Center Corporate Office
-
FedEx Drop Box Postal Service Courier Service
-
US Marine Corps Recruiting Station - Head Quarters Office Tampa Military Recruiting Office
-
AMH Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$3.25M
Owner & transaction history
Sabal Park LLC · 7 yrs held
Sabal Park LLC
since 2018
6 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.1M
+47.0%
Auto repair, garage
$4.9M
+42.6%
Warehouse, storage
$4.5M
+28.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,455,000
Current use
RETAIL STORES
$5,080,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,930,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,450,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±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
$142 / 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
$77,125
Tax year 2023
Assessed value
$4,310,300
Assessed 2023
Previous assessed
$3,874,400
+11.3% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,454,460
Assessed improvement
$2,855,840
Land market value
$1,454,460
Improvement market value
$2,855,840
Total market value
$4,310,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
20
Rooms
40
Total area
22,890 SF
Lot
4 ac (174,126 SF)
Zoning code
M
APN
U07292028A000001000010
UPID
US18-0215637
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Tampa, FL
Zoning M · permitted uses
M · 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
$3.5M
RETAIL STORES
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.5M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
20
Rooms
40
Lot
4 ac
Current owner
From public records · entity-resolved
Sabal Park LLC
Entity
Mailing address
102 WOODMONT BLVD STE #100, NASHVILLE, TN 37205-2216
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2018
$52,787,000
Sabal Park LLC
Sabal Venture LLC
Trustees Deed
related
$36,400,000 · Bankunited Fsb
Oct 13, 2014
—
Sabal Venture LLC
—
Grant Deed
related
$79,137,500 · Bankunited Fsb
Oct 10, 2014
$48,700,000
Sabal Venture LLC
Fla Owner LLC
Grant Deed
related
$79,137,500 · Bankunited Fsb
May 24, 2011
—
Fla Owner LLC
—
Deed Of Trust
related
$160,000,000 · Wells Fargo Bk #2005-cip1 (ce)
Jul 27, 2005
$46,775,000
Fla Owner LLC
Highwoods Of Florida Holdings
Grant Deed
—
Jul 27, 2005
—
Fla Owner LLC
Highwoods Of Florida Holdings
Deed Of Trust
related
$67,040,000 · Ixis Real Estate Capital INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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