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Property profile & analytics
OFF-MARKET
Estimated value
$35,260,000
Hotels
513 Florida Ave Tampa, FL 33602-5401
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-2276659
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
405,374 SF
Lot
1.15 ac (50,000 SF)
Zoning code
CBD-2
APN
A2429184ZM000107000080
UPID
US18-2276659
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
-
Budget Car Rental Car Rental Facility
-
Avis Car Rental Car Rental Facility
-
ATM Atm
-
513 S Florida Ave Parking Parking Lot & Garage
-
Magic Carpet Glide Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.00M
Comparable Approach
Comparable
$26.99M
Blend (final)
Blend
$35.26M
Owner & transaction history
Rlj III-em Tampa Dt LLC · 16 yrs held
Rlj III-em Tampa Dt LLC
since 2010
7 recorded transactions
Zoning & alternative use
CBD-2 · 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%
$34,660,000
6.5%
$31,995,000
7%
$29,710,000
Blend value · Realmo final
$35.26M
Range $31.73M – $38.79M · ±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
$87 / 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
$1,053,641
Tax year 2023
Assessed value
$52,197,200
Assessed 2023
Previous assessed
$46,099,600
+13.2% YoY
Effective rate
2.02%
On assessed value
Assessed land
$5,846,820
Assessed improvement
$46,350,380
Land market value
$5,846,820
Improvement market value
$46,350,380
Total market value
$52,197,200
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
21
Units
360
Total area
405,374 SF
Lot
1.15 ac (50,000 SF)
Zoning code
CBD-2
APN
A2429184ZM000107000080
UPID
US18-2276659
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-2 · Tampa, FL
Zoning CBD-2 · permitted uses
CBD-2 · 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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
21
Units
360
Lot
1.15 ac
Current owner
From public records · entity-resolved
Rlj III-em Tampa Dt LLC
Entity
Mailing address
3 BETHESDA METRO CTR STE #1000, BETHESDA, MD 20814-6347
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2010
—
Rlj III-em Tampa Dt LLC
—
Deed Of Trust
related
$40,000,000 · Wells Fargo Bank
Apr 16, 2010
$77,000,000
Rlj III-em Tampa Dt LLC
Wmb III LLC
Grant Deed
—
Jan 7, 2009
—
Wmb III LLC
—
Deed Of Trust
related
$40,000,000 · Wachovia Bank NA
Aug 15, 2006
—
Wmb III LLC
—
Trustees Deed
related
$17,500,000 · Wachovia Bank NA
Jul 30, 2004
—
Wmb III LLC
—
Deed Of Trust
related
$40,000,000 · Wachovia Bank NA
Nov 4, 2003
$1,821,300
Wmb III LLC
Midulla-derose Properties INC
Grant Deed
—
—
—
Dean V White
—
Deed Of Trust
related
$2,000,000 · Wachovia Bank NA
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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