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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Commercial land
508 Franklin St Tampa, FL 33602-4811
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-7290768
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,660 SF
Lot
0.06 ac (2,600 SF)
Zoning code
CBD-1
APN
A2429184ZI000058000053
UPID
US18-7290768
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$950k
Owner & transaction history
133 22nd Ave L · 1 yrs held
133 22nd Ave L
since 2024
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
CBD-1 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+106.9%
Medical building
$990,000
+41.9%
Neighborhood: shopping center
$950,000
+36.6%
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$695,000
Current use
OFFICE BUILDING
$1,440,000
Change: +107% · Conversion: Easy
MEDICAL BUILDING
$990,000
Change: +42% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$705,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Jul 31 2024)
Last sale anchor
$950k
Jul 31 2024
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
$260 / 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
$6,028
Tax year 2023
Assessed value
$322,400
Assessed 2023
Previous assessed
$314,921
+2.4% YoY
Effective rate
1.87%
On assessed value
Assessed land
$322,400
Land market value
$322,400
Total market value
$322,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
3
Bathrooms
3
Total area
3,660 SF
Lot
0.06 ac (2,600 SF)
Zoning code
CBD-1
APN
A2429184ZI000058000053
UPID
US18-7290768
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-1 · Tampa, FL
Zoning CBD-1 · permitted uses
CBD-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
COMMERCIAL (GENERAL) Current
Est. value
$695,000
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
RETAIL STORES
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$705,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
3
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
133 22nd Ave L
Individual
Free & Clear · 1 yrs held
Mailing address
3307 US HWY 19TH DR, HOLIDAY, FL 34691-1847
Ownership since
2024
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
Jul 31, 2024
$950,000
133 22nd Ave L
508 N Franklin St LLC
Warranty Deed
—
Jul 5, 2023
$950,000
508 N Franklin St LLC
Chicken Station INC
Warranty Deed
$570,000 · Servisfirst Bank
Oct 18, 2003
$234,500
Original Grill Station INC
Chan,philip & Panida
Grant Deed
—
Feb 24, 1999
$265,000
Philip Chan
Kue,choj
Grant Deed
$265,100 · Premier Community Bank Florida
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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