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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Parking lots & garages
400 Ashley Dr Tampa, FL 33602-4300
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2859273
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
95,749 SF
Zoning code
CBD-2
APN
A2429184ZI000062000A11
UPID
US18-2859273
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
-
SYKES Enterprises, Incorporated Bpo Company Internet Marketing Service
-
Legal Evidence Corp IT Consulting Firm Tech Support Center
-
Frost Law Law Firm
-
Frost Family Law, P.A. Law Firm Child Welfare Organization
-
Levin Charles J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.16M
Owner & transaction history
Rivergate Tower Owner LLC · 10 yrs held
Rivergate Tower Owner LLC
since 2015
5 recorded transactions
Zoning & alternative use
CBD-2 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of this special district, commonly known and referred to as is to implement the Center City Plan and Tampa Comprehensive Plan, to create a public realm of high quality through the regulation of the physical form of buildings, streets, and open spaces, the form and mass of buildings in relation to one another, and the establishment of a…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
330.99 ac
Source
Realmo
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
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$12 / 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
$52,295
Tax year 2023
Assessed value
$3,339,978
Assessed 2023
Previous assessed
$2,964,489
+12.7% YoY
Effective rate
1.57%
On assessed value
Assessed land
$100
Assessed improvement
$3,339,878
Land market value
$100
Improvement market value
$3,339,878
Total market value
$3,339,978
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Rooms
2
Total area
95,749 SF
Zoning code
CBD-2
APN
A2429184ZI000062000A11
UPID
US18-2859273
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-2 · Tampa, FLZoning CBD-2 · permitted uses
CBD-2 · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of this special district, commonly known and referred to as is to implement the Center City Plan and Tampa Comprehensive Plan, to create a public realm of high quality through the regulation of the physical form of buildings, streets, and open spaces, the form and mass of buildings in relation to one another, and the establishment of a pedestrian friendly relationship between building facades and the public realm. CBD-2 typically located in the central and southern areas of the CBD district.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
330.99 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Rooms
2
Current owner
From public records · entity-resolved
Rivergate Tower Owner LLC
Entity
Mailing address
306 E JACKSON ST, TAMPA, FL 33602-5208
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2015
$70,000,000
Rivergate Tower Owner LLC
Ir-rivergate LLC
Grant Deed
related
$58,000,000 · Bankunited Fsb
Dec 10, 2014
$59,587,453
Ir-rivergate LLC
Rivergate Building Owner LLC
Grant Deed
related
$129,450,000 · Jp Morgan Chase Bk
Apr 24, 2012
—
Rivergate Building Owner LLC
—
Deed Of Trust
related
$17,000,000 · Starwood Prop Mtg Sub-2-a LLC
Jun 28, 2011
$22,000,000
Rivergate Building Owner LLC
Rivergate Acquisition Co LLC
Grant Deed
related
$17,000,000 · Starwood Property Mortgage LLC
Jun 27, 2011
—
Rivergate Building Owner LLC
Rivergate Acquisition Co LLC
Quit Claim Deed
related
—
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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