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Property profile & analytics
OFF-MARKET
Estimated value
$44,530,000
High-rise multifamily apartments
4050 Rocky Cir Tampa, FL 33613-4920
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0836944
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
132,058 SF
Lot
9.85 ac (429,066 SF)
Zoning code
SPI-UC-1
APN
U042819ZZZ000001254202
UPID
US19-0836944
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
-
4050 Lofts Apartment Complex Apartment Building
-
Fenrir's Notary and Signings Law Firm
-
Leilanie Apartment Building
-
Sterling Usf LP Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.11M
Blend (final)
Blend
$44.53M
Owner & transaction history
4050 Rocky Cir Fl Owner LLC · 4 yrs held
4050 Rocky Cir Fl Owner LLC
since 2022
Last sale
$43.4M
7 recorded transactions
Zoning & alternative use
SPI-UC-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$63.7M
+31.4%
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
$44,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$48,445,000
Current use
RESTAURANT
$63,665,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$44.53M
Range $40.08M – $48.98M · ±10% · vs last sale $43.35M (May 17 2022)
Last sale anchor
$43.35M
May 17 2022
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
$337 / 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
$838,830
Tax year 2023
Assessed value
$47,914,100
Assessed 2023
Previous assessed
$48,034,400
-0.3% YoY
Effective rate
1.75%
On assessed value
Assessed land
$100
Assessed improvement
$47,914,000
Land market value
$100
Improvement market value
$47,914,000
Total market value
$47,914,100
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
4
Units
96
Total area
132,058 SF
Lot
9.85 ac (429,066 SF)
Zoning code
SPI-UC-1
APN
U042819ZZZ000001254202
UPID
US19-0836944
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SPI-UC-1 · Tampa, FL
Zoning SPI-UC-1 · permitted uses
SPI-UC-1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$48.4M
RESTAURANT
Est. value
$63.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
3
Units
96
Lot
9.85 ac
Current owner
From public records · entity-resolved
4050 Rocky Cir Fl Owner LLC
Entity
Mailing address
345 PARK AVE FL, NEW YORK, NY 10154-0004
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$43,353,000
4050 Rocky Cir Fl Owner LLC
Vesper 4050 LLC
Special Warranty Deed
$248,100,000 · Morgan Stanley Mortgage Capital Hol
Dec 10, 2019
—
Vesper 4050 Parcel 3 LLC
Lofts Student Ll LLC
Quit Claim Deed
—
Dec 10, 2019
$346,256
Vesper 4050 LLC
Lofts Student Ll LLC
Grant Deed
$28,950,000 · Keybank USA
Jul 5, 2016
—
Lofts Student Ll LLC
Ccal 4050 Rocky Circle Road Ll
Quit Claim Deed
related
$49,514,600 · Miscellaneous Ins Co
Jul 5, 2016
$45,500,000
Lofts Student Ll LLC
Ccal 4050 Rocky Circle Road Ll
Grant Deed
—
Dec 15, 2010
$1,500
Sterling-usf LP
Usf 2 D/e/p LLC
Grant Deed
related
—
Apr 11, 2008
—
Sterling-usf
Grace Philip C
Quit Claim Deed
related
—
Mar 6, 2008
$11,150,000
Sterling-usf
Pointe Investments Tampa LLC
Grant Deed
$29,053,628 · J P Morgan Chase Bank
—
—
4050 Rocky Circle Ground Owner
—
Deed Of Trust
related
$14,000,000 · Miscellaneous Ins Co
—
—
Ccal 4050 Rocky Circle Road Ll
—
Deed Of Trust
related
$20,750,000 · John Hancock Life Insurance Co
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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