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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Office buildings
400 Palm Ave Tampa, FL 33602-2717
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9311336
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
WOOD
Total area
5,152 SF
Lot
0.21 ac (9,310 SF)
Zoning code
PD
APN
A1329184XT000001000060
UPID
US18-9311336
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
-
Frank Ansel, CMLDT, LMT Alternative Medicine Practice
-
White Whale Solutions Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$1.06M
Owner & transaction history
David Waldron · 4 yrs held
David Waldron
since 2021
Last sale
$965,000
4 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
Method
Estimation
Statistic approach
$1,110,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $965k (Dec 17 2021)
Last sale anchor
$965k
Dec 17 2021
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
$205 / 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
$18,184
Tax year 2023
Assessed value
$883,800
Assessed 2023
Previous assessed
$838,100
+5.5% YoY
Effective rate
2.06%
On assessed value
Assessed land
$170,680
Assessed improvement
$713,120
Land market value
$170,680
Improvement market value
$713,120
Total market value
$883,800
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
1900
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
3
Bathrooms
1
Total area
5,152 SF
Lot
0.21 ac (9,310 SF)
Zoning code
PD
APN
A1329184XT000001000060
UPID
US18-9311336
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
1900
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
3
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
David Waldron
Individual
Mailing address
1706 W HLS AVE, TAMPA, FL 33606-3223
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$965,000
David Waldron
Tampa Hammer INC
Warranty Deed
$492,000 · Grow Financial FCU
Nov 13, 2017
$585,000
Tampa Hammer INC
Roal Group INC
Warranty Deed
$351,000 · Seacoast National Bank
Mar 15, 1999
$100,000
Roal Group INC
Tampa Hillsborough Action Plan
Grant Deed
$50,000 · Individual
May 12, 1998
$100,000
Hillsborough Action Plan Tampa
Bowers,wallace Z
Grant Deed
—
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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