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Property profile & analytics
OFF-MARKET
Estimated value
$50,850,000
High-rise multifamily apartments
500 Knights Run Ave Tampa, FL 33602-6007
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-7330619
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
CONCRETE
Total area
321,455 SF
Lot
0.84 ac (36,624 SF)
Zoning code
PD
APN
A19291982A000000000020
UPID
US18-7330619
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
-
Blue Plant Farms Pharmacy
-
Sober Style Clothing Store
-
500 Harbour Island Apartment Complex Apartment Building
-
Curative Buzz Advertising Agency Marketing & Advertising
-
Complejo de departamento Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$53.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.85M
Owner & transaction history
Los Alamitos Corp Ctr Jv LLC · 6 yrs held
Los Alamitos Corp Ctr Jv LLC
since 2019
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$58,145,000
6.5%
$53,670,000
7%
$49,835,000
Blend value · Realmo final
$50.85M
Range $45.77M – $55.94M · ±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
$158 / 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
$1,709,318
Tax year 2023
Assessed value
$88,961,900
Assessed 2023
Previous assessed
$84,771,100
+4.9% YoY
Effective rate
1.92%
On assessed value
Assessed land
$6,580,000
Assessed improvement
$82,381,900
Land market value
$6,580,000
Improvement market value
$82,381,900
Total market value
$88,961,900
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
21
Units
235
Total area
321,455 SF
Lot
0.84 ac (36,624 SF)
Zoning code
PD
APN
A19291982A000000000020
UPID
US18-7330619
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
2016
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
21
Units
235
Lot
0.84 ac
Current owner
From public records · entity-resolved
Los Alamitos Corp Ctr Jv LLC
Entity
Mailing address
500 KNIGHTS RUN AVE, TAMPA, FL 33602-6007
Ownership since
2019
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
Sep 13, 2019
$724,150
Los Alamitos Corp Ctr Jv LLC
Harbour Island Residential LLC
Grant Deed
—
Oct 1, 2014
—
Harbour Island Residential LLC
—
Grant Deed
related
$41,500,000 · Compass Bk
Dec 19, 2013
$2,886,140
Harbour Island Residential LLC
Knights Harbour LLC
Grant Deed
$1,898,000 · Cornerstone Community Bank
Apr 15, 2011
$935,000
Knights Harbour LLC
Harbour Phase II Owners LLC
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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