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Property profile & analytics
OFF-MARKET
Estimated value
$89,190,000
High-rise multifamily apartments
510 Rome Ave Tampa, FL 33606-1284
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4640468
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
221,663 SF
Lot
1.86 ac (80,905 SF)
Zoning code
PD
APN
A2329184Q8000009000040
UPID
US18-4640468
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
-
The Gray NoHo Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$77.13M
Blend (final)
Blend
$89.19M
Owner & transaction history
Richland Rome Avenue LLC · 4 yrs held
Richland Rome Avenue LLC
since 2022
Last sale
$92.5M
6 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$106.9M
+31.4%
Office building
$97.8M
+20.3%
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
$94,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$81,315,000
Current use
RESTAURANT
$106,865,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$97,810,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$89.19M
Range $80.27M – $98.11M · ±10% · vs last sale $92.54M (Jan 4 2022)
Last sale anchor
$92.54M
Jan 4 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
$402 / 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
$1,511,309
Tax year 2023
Assessed value
$78,443,800
Assessed 2023
Previous assessed
$74,491,000
+5.3% YoY
Effective rate
1.93%
On assessed value
Assessed land
$3,390,000
Assessed improvement
$75,053,800
Land market value
$3,390,000
Improvement market value
$75,053,800
Total market value
$78,443,800
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
4
Units
142
Rooms
7
Total area
221,663 SF
Lot
1.86 ac (80,905 SF)
Zoning code
PD
APN
A2329184Q8000009000040
UPID
US18-4640468
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$81.3M
RESTAURANT
Est. value
$106.9M
OFFICE BUILDING
Est. value
$97.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
3
Units
142
Rooms
7
Lot
1.86 ac
Current owner
From public records · entity-resolved
Richland Rome Avenue LLC
Entity
Mailing address
400 N ASHLEY DR STE #1750, TAMPA, FL 33602-4390
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$92,536,000
Richland Rome Avenue LLC
Psreg Noho Square Owner LLC
Special Warranty Deed
—
Jul 8, 2019
—
Psreg Noho Square Owner LLC
505 N Fremont Avenue LLC
Quit Claim Deed
related
—
Jun 6, 2019
$5,347,000
Psreg Noho Square Owner LLC
1701 W Gray Street LLC
Grant Deed
$31,382,000 · Us Bk
Jun 6, 2019
—
Owner Name Unavailable
505 N Fremont Avenue LLC
Quit Claim Deed
related
—
Aug 23, 2017
—
1701 W Gray Street LLC
Peterson,george J
Quit Claim Deed
—
—
—
George J Peterson
—
Deed Of Trust
related
$900,000 · Amsouth Bank
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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