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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Medical Office Space
4509 Armenia Ave Tampa, FL 33603-2703
Entity Owned
~
Est. High Equity
Property ID
US18-4276421
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,913 SF
Lot
0.33 ac (14,400 SF)
Zoning code
RO-1
APN
A0229183HL000038000040
UPID
US18-4276421
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
-
Dr. Yamilet Neninger, MD Physician
-
BioPain Medical Clinic
-
Pain & Wellness Institute Physician
-
Yamllet Neninger M.D. Pain & Wellness Institute Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$469k
Blend (final)
Blend
$615k
Owner & transaction history
Lilanay LLC
Lilanay LLC
since 2026
4 recorded transactions
Zoning & alternative use
RO-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$785,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: -6% · Conversion: Easy
RETAIL STORES
$645,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$211 / 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
$14,336
Tax year 2023
Assessed value
$784,900
Assessed 2023
Previous assessed
$707,000
+11.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$158,400
Assessed improvement
$626,500
Land market value
$158,400
Improvement market value
$626,500
Total market value
$784,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
5
Total area
2,913 SF
Lot
0.33 ac (14,400 SF)
Zoning code
RO-1
APN
A0229183HL000038000040
UPID
US18-4276421
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RO-1 · Tampa, FL
Zoning RO-1 · permitted uses
RO-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
MEDICAL BUILDING Current
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
OFFICE BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$645,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
5
Lot
0.33 ac
Current owner
From public records · entity-resolved
Lilanay LLC
Entity
Mailing address
PO BOX 152758, TAMPA, FL 33684-2758
Ownership since
2026
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
Jan 23, 2026
$964,000
Lilanay LLC
Neyka Enterprises LLC
Warranty Deed
$964,000 · Neyka Enterprises LLC
Jun 29, 2023
—
Neyka Enterprises LLC
—
Deed
related
$300,000 · Bayfirst National Bank
Aug 3, 2010
$300,000
Neyka Enterprises LLC
Mercedes C Sumulong
Warranty Deed
$465,000 · Jpmorgan Chase Bank NA
—
—
Neyka Ents LLC
—
Deed Of Trust
related
$445,000 · Hancock Bank
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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