Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$19,955,000
High-rise multifamily apartments
5005 Excellence Blvd Tampa, FL 33617-1059
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2848185
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,652 SF
Lot
10.04 ac (437,342 SF)
Zoning code
SPI-UC-3
APN
U102819ZZZ000001313300
UPID
US18-2848185
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
-
ON50 Apartment Complex Apartment Rental Agency
-
University Crossing University
-
Too Juicy Lips Enterprises (Bike/Boat/Book/etc) Store Cosmetic Store
-
Dazzle Her Beauty Hair And Accessories Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.97M
Blend (final)
Blend
$19.96M
Owner & transaction history
Cref3 On50 Owner LLC · 4 yrs held
Cref3 On50 Owner LLC
since 2022
Last sale
$20.5M
3 recorded transactions
Zoning & alternative use
SPI-UC-3 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.3M
+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
$20,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$14,295,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$19.96M
Range $17.96M – $21.95M · ±10% · vs last sale $20.47M (Jun 24 2022)
Last sale anchor
$20.47M
Jun 24 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
$673 / 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
$322,517
Tax year 2023
Assessed value
$18,275,100
Assessed 2023
Previous assessed
$19,898,800
-8.2% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,650,000
Assessed improvement
$16,625,100
Land market value
$1,650,000
Improvement market value
$16,625,100
Total market value
$18,275,100
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
4
Units
26
Rooms
165
Bathrooms
13
Total area
29,652 SF
Lot
10.04 ac (437,342 SF)
Zoning code
SPI-UC-3
APN
U102819ZZZ000001313300
UPID
US18-2848185
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SPI-UC-3 · Tampa, FL
Zoning SPI-UC-3 · permitted uses
SPI-UC-3 · 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
RESTAURANT
Est. value
$14.3M
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
7
Units
26
Rooms
165
Bathrooms
13
Lot
10.04 ac
Current owner
From public records · entity-resolved
Cref3 On50 Owner LLC
Entity
Mailing address
1345 AVE OF THE AMERICAS FL, NEW YORK, NY 10105-0302
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2025
—
Cref3 On50 Owner LLC
—
Deed
related
$27,750,000 · Prime Finance Short Duration Holding Co
Jun 24, 2022
$20,470,800
Cref3 On50 Owner LLC
Tampa On 50 LLC
Special Warranty Deed
$33,560,000 · Cit Bank NA
May 12, 2017
—
Tampa On 50 LLC
C150 5005 Excellence Blvd LLC
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5005 Excellence Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
