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Property profile & analytics
OFF-MARKET
Estimated value
$15,345,000
High-rise multifamily apartments
504 Grand Central Ave Tampa, FL 33606-1915
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-3662282
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2020
Construction
CONCRETE
Total area
188,486 SF
Lot
1.55 ac (67,518 SF)
Zoning code
PD
APN
A2429184ZV000012000131
UPID
US18-3662282
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
-
Altis Grand Central Apartment Complex
-
Beauty By Nadin Spa & Massage Center Skin Care Clinic
-
Essentials at Altis Alternative Medicine Practice Spa & Massage Center
-
Rockbody Retreats Gym & Fitness Center
-
Tactical Training Tampa Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.43M
Blend (final)
Blend
$15.35M
Owner & transaction history
Altis Grand Central LLC · 9 yrs held
Altis Grand Central LLC
since 2016
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.35M
Range $13.81M – $16.88M · ±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
$81 / 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
$1,841,140
Tax year 2023
Assessed value
$104,805,400
Assessed 2023
Previous assessed
$104,805,400
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$3,583,727
Assessed improvement
$101,221,673
Land market value
$3,583,727
Improvement market value
$101,221,673
Total market value
$104,805,400
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
2020
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
8
Units
162
Total area
188,486 SF
Lot
1.55 ac (67,518 SF)
Zoning code
PD
APN
A2429184ZV000012000131
UPID
US18-3662282
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
2020
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
8
Buildings
3
Units
162
Lot
1.55 ac
Current owner
From public records · entity-resolved
Altis Grand Central LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1515 S FEDERAL HWY STE #300, BOCA RATON, FL 33432-7451
Ownership since
2016
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
Oct 4, 2017
—
Altis Grand Central LLC
—
Loan Modification
related
$50,000,000 · Pnc Bk
Dec 21, 2016
$1,695,028
Altis Grand Central LLC
Parido,cecille
Grant Deed
—
Dec 21, 2016
—
Altis Grand Central LLC
Stoeltzing Grand Central Ltd
Quit Claim Deed
related
$9,200,000 · Seacoast Nat'l Bk
Dec 21, 2016
$987,565
Altis Grand Central LLC
Stoeltzing William W Trust
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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