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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Office buildings
5116 Armenia Ave Tampa, FL 33603-1406
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-1072560
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,374 SF
Lot
0.17 ac (7,250 SF)
Zoning code
PD
APN
A0329183IC000000000110
UPID
US18-1072560
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
-
Tolly Health and Performance Alternative Medicine Practice
-
H & H Accountants Accounting Firm Tax Preparation
-
Premier Spine and Sports Medicine Alternative Medicine Practice
-
Premier Spine and Sports Medicine: Bellino, Andrew DC Alternative Medicine Practice
-
Lebron Accounting Service Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.74M
Owner & transaction history
H & H Holdings Corp Lan Trust 3 · 12 yrs held
H & H Holdings Corp Lan Trust 3
since 2014
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 - PD, PD-A Section 27-156, Table 4-1 What is a zoning lot? Lot, zoning: A lot or combination of lots shown on an application for a zoning comp…
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
6,502.01 ac
Top alternative use upside
Medical building
$2.3M
+6.1%
Neighborhood: shopping center
$2.2M
+2.1%
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%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,135,000
Current use
MEDICAL BUILDING
$2,265,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,180,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,860,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$207 / 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
$24,889
Tax year 2023
Assessed value
$1,305,700
Assessed 2023
Previous assessed
$1,294,700
+0.8% YoY
Effective rate
1.91%
On assessed value
Assessed land
$79,750
Assessed improvement
$1,225,950
Land market value
$79,750
Improvement market value
$1,225,950
Total market value
$1,305,700
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
2
Total area
8,374 SF
Lot
0.17 ac (7,250 SF)
Zoning code
PD
APN
A0329183IC000000000110
UPID
US18-1072560
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FLZoning PD · permitted uses
PD · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 - PD, PD-A Section 27-156, Table 4-1 What is a zoning lot? Lot, zoning: A lot or combination of lots shown on an application for a zoning compliance permit which together meet all applicable requirements for development. Sec
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
6,502.01 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
H & H Holdings Corp Lan Trust 3
Trust
Mailing address
5116 N ARMENIA AVE, TAMPA, FL 33603-1406
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2014
$191,600
H & H Holdings Corp Lan Trust 3
Haskins & Herrera Accountants
Warranty Deed
$191,579 · Bank Of America
Mar 29, 2013
$276,900
Haskins Accountants
Wjg Properties LLC
Warranty Deed
$197,000 · Bank Of America
Apr 28, 2003
$75,000
Wjg Properties LLC
Hiles,mary
Grant Deed
$240,000 · Wachovia Bank NA
Apr 28, 2003
—
Wjg Properties LLC
Gill,william J
Quit Claim Deed
related
—
May 2, 2001
$235,000
William J Gill
Siunreich,simon
Grant Deed
$188,000 · Suntrust Bank NA
Jul 13, 1998
$171,700
Simon Sinnreich
Searfoss,john
Quit Claim Deed
related
—
Mar 6, 1998
$137,600
J M & Sons Construction INC
Sierra Ventures Ltd
Grant Deed
$142,266 · Northside Bank Of Tampa
Mar 6, 1998
$132,000
J M & Sons Construction INC
Sierra Ventures Ltd
Grant Deed
$136,483 · Northside Bank Of Tampa
Jun 12, 1995
$120,300
Trimark Const Group In
Llauget,joe
Warranty Deed
related
—
—
—
H & H Holdings Corp Lan Trust 3
—
Deed Of Trust
related
$807,000 · Bank Of America
—
—
Haskins Accountants
—
Deed Of Trust
related
$100,000 · Bank Of America
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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