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Property profile & analytics
OFF-MARKET
Estimated value
$5,640,000
Office buildings
4107 Spruce St Tampa, FL 33607-2327
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3203026
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,634 SF
Lot
1.6 ac (69,764 SF)
Zoning code
PD
APN
A162918ZZZ000005477600
UPID
US18-3203026
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
-
Susan Roux, PMHNP-BC Physician
-
Telemundo Television Studio Media Distribution
-
Gulf of Mexico Fishery Management Council Federal Government Office
-
Cambridge Management Group, Inc. Property Management Company
-
Lisa Bentivenga Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.65M
CAP Approach
CAP
$7.28M
Comparable Approach
Comparable
$6.20M
Blend (final)
Blend
$5.64M
Owner & transaction history
Pv Lemans Spruce LLC · 3 yrs held
Pv Lemans Spruce LLC
since 2023
Last sale
$6.2M
6 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development - PD, PD-A Section 27-156, Table 4-1 What is a zoning lot? Lot, zoning: A lot or combination of lots shown on an application for a zoning comp…
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
6,502.01 ac
Top alternative use upside
Medical building
$8.8M
+22.2%
Neighborhood: shopping center
$8.5M
+17.6%
Retail stores
$7.2M
+0.4%
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
$5,640,000
ML approach
$5,645,000
CAP Approach
CAP Return
Estimation
6%
$7,885,000
6.5%
$7,280,000
7%
$6,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,220,000
Current use
MEDICAL BUILDING
$8,820,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,490,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$7,245,000
Change: +0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,295,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,215,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.64M
Range $5.08M – $6.20M · ±10% · vs last sale $6.20M (Feb 15 2023)
Last sale anchor
$6.20M
Feb 15 2023
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
$173 / 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
$82,302
Tax year 2023
Assessed value
$4,761,200
Assessed 2023
Previous assessed
$3,806,800
+25.1% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,446,731
Assessed improvement
$3,314,469
Land market value
$1,446,731
Improvement market value
$3,314,469
Total market value
$4,761,200
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
93
Total area
32,634 SF
Lot
1.6 ac (69,764 SF)
Zoning code
PD
APN
A162918ZZZ000005477600
UPID
US18-3203026
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FLZoning PD · permitted uses
PD · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development - PD, PD-A Section 27-156, Table 4-1 What is a zoning lot? Lot, zoning: A lot or combination of lots shown on an application for a zoning compliance permit which together meet all applicable requirements for development. Sec
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
6,502.01 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
RETAIL STORES
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
93
Lot
1.6 ac
Current owner
From public records · entity-resolved
Pv Lemans Spruce LLC
Entity
Mailing address
140 CARILLON PKWY, ST PETERSBURG, FL 33716-1201
Ownership since
2023
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
Feb 15, 2023
$6,196,000
Pv Lemans Spruce LLC
Spruce Street Media LLC
Special Warranty Deed
—
Sep 17, 2019
—
Spruce Street Media LLC
—
Deed
related
$2,500,000 · Republic Bk&tr
Mar 11, 2014
$2,574,000
Spruce Street Media LLC
Pan Am LLC
Grant Deed
$2,450,000 · Usameribank
Oct 13, 2005
—
Frontage Properties INC
—
Trustees Deed
related
$2,216,322 · First Commercial Bank Of Tampa
May 7, 1997
$300,000
Frontage Properties INC
Mutual Life Insurance Co Ny
Grant Deed
$285,000 · Northside Bank Of Tampa
—
—
Spruce Street Media LLC
—
Deed Of Trust
related
$2,500,000 · Republic Bk&tr
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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