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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office Spaces
5017 Laurel St 9 Tampa, FL 33607-3816
Entity Owned
18-yr Hold
Free & Clear
Property ID
US18-4766413
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,596 SF
Zoning code
M-AP-1
APN
A1729183JR0000000009A0
UPID
US18-4766413
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
-
Ramtech Overseas, Inc. Logistics Company
-
G.A. Paper International Mill Factory
-
Readymix Concrete Drum Cleaning Construction Company General Contractor
-
DrumBlaster General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$725k
Owner & transaction history
Nasa Properties LLC · 18 yrs held
Nasa Properties LLC
since 2007
2 recorded transactions
Zoning & alternative use
M-AP-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 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,…
Zone name
Airport Compatibility District
General category
SPECIAL
Zone area
2,605.55 ac
Top alternative use upside
Medical building
$970,000
+22.2%
Neighborhood: shopping center
$935,000
+17.6%
Retail stores
$800,000
+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
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
MEDICAL BUILDING
$970,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$695,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$202 / 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
$12,044
Tax year 2023
Assessed value
$763,468
Assessed 2023
Previous assessed
$656,586
+16.3% YoY
Effective rate
1.58%
On assessed value
Assessed land
$100
Assessed improvement
$763,368
Land market value
$100
Improvement market value
$763,368
Total market value
$763,468
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
4
Total area
3,596 SF
Zoning code
M-AP-1
APN
A1729183JR0000000009A0
UPID
US18-4766413
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M-AP-1 · Tampa, FLZoning M-AP-1 · permitted uses
M-AP-1 · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 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 -
Zone name
Airport Compatibility District
General category
SPECIAL
Zone area
2,605.55 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$795,000
MEDICAL BUILDING
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$685,000
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Current owner
From public records · entity-resolved
Nasa Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
5017 W LAUREL ST, TAMPA, FL 33607-3816
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2007
$615,000
Nasa Properties LLC
Laurel Oaks Of Tampa Bay LLC
Warranty Deed
—
Dec 30, 2004
$450,000
Laurel Oaks Of Tampa Bay LLC
Faulk Harry R Trust
Warranty Deed
$360,000 · First Commercial Bank Of Tampa
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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