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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Retail space
418 Dl Mabry Hwy, Tampa, FL 33609-1200
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2872589
Property summary
AI-generated overview
This exceptional medical office building, located at 418 N Dale Mabry Hwy in Tampa, Florida (zip code 33609), offers a unique opportunity for healthcare providers seeking flexible and strategically located space. The property boasts a total of 29,236 square feet, encompassing three suites within a multi-tenant building. Currently, there is 26,000 square feet of vacant space available, divisible into units ranging from a minimum of 3,500 square feet to a maximum contiguous space of 13,000 square feet. This allows for significant adaptability to suit various practice sizes and needs. The building is classified as both retail and office space, catering to a diverse range of potential tenants. Ample parking is provided with 36 spaces available for tenants and their clients. Situated in Hillsborough County, this property benefits from excellent visibility and accessibility, making it an ideal location for establishing or expanding a medical practice. The address is 418 N Dale Mabry Hwy, Tampa, FL 33609. Interested parties are encouraged to inquire about lease terms and availability.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,144 SF
Lot
0.68 ac (29,453 SF)
Zoning code
PD
APN
A2129183LG000020000070
UPID
US18-2872589
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
-
Party City (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
418 Ndm LLC · 2 yrs held
418 Ndm LLC
since 2024
Last sale
$3.6M
1 recorded transaction
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.8M
+65.2%
Office building
$4.5M
+54.5%
Medical building
$3.6M
+21.8%
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
$3,550,000
ML approach
$3,550,000
CAP Approach
CAP Return
Estimation
6%
$2,610,000
6.5%
$2,410,000
7%
$2,235,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,920,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,820,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$4,510,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$3,555,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,420,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,535,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,505,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.55M (Jan 19 2024)
Last sale anchor
$3.55M
Jan 19 2024
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
$270 / 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
$42,449
Tax year 2023
Assessed value
$2,126,200
Assessed 2023
Previous assessed
$2,082,591
+2.1% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,465,295
Assessed improvement
$660,905
Land market value
$1,465,295
Improvement market value
$660,905
Total market value
$2,126,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Rooms
2
Total area
13,144 SF
Lot
0.68 ac (29,453 SF)
Zoning code
PD
APN
A2129183LG000020000070
UPID
US18-2872589
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Rooms
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
418 Ndm LLC
Entity
Mailing address
217 S CEDAR AVE, TAMPA, FL 33606-2217
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
$3,550,000
418 Ndm LLC
1220 Broadway LLC
Special Warranty Deed
$2,000,000 · Vast Bank NA
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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