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Property profile & analytics
OFF-MARKET
Estimated value
$10,745,000
Office buildings
5629 Hoover Blvd Tampa, FL 33634-5300
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-1922479
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,501 SF
Lot
5.01 ac (218,047 SF)
Zoning code
SPI-AP-4
APN
U32281817GC00000000000
UPID
US18-1922479
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
-
Ciudadanía Hospital
-
USCIS Tampa Field Office Government Office Federal Government Office
-
Immigracion, Tampa Fl Law Firm
-
USCIS Application Support Center (ASC) Government Office
-
Huellas Department Of Public Safety
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.93M
Comparable Approach
Comparable
$13.47M
Blend (final)
Blend
$10.75M
Owner & transaction history
Procacci Tampa LLC · 15 yrs held
Procacci Tampa LLC
since 2010
7 recorded transactions
Zoning & alternative use
SPI-AP-4 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$16.3M
+67.4%
Medical building
$12.0M
+23.3%
Neighborhood: shopping center
$11.6M
+18.7%
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%
$10,750,000
6.5%
$9,925,000
7%
$9,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,755,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,325,000
Change: +67% · Conversion: Easy
MEDICAL BUILDING
$12,030,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,575,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$9,880,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,845,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,585,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.75M
Range $9.67M – $11.82M · ±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
$241 / 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
$163,283
Tax year 2023
Assessed value
$9,195,700
Assessed 2023
Previous assessed
$8,936,600
+2.9% YoY
Effective rate
1.78%
On assessed value
Assessed land
$981,213
Assessed improvement
$8,214,487
Land market value
$981,213
Improvement market value
$8,214,487
Total market value
$9,195,700
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
35
Total area
44,501 SF
Lot
5.01 ac (218,047 SF)
Zoning code
SPI-AP-4
APN
U32281817GC00000000000
UPID
US18-1922479
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
SPI-AP-4 · Tampa, FL
Zoning SPI-AP-4 · permitted uses
SPI-AP-4 · 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
OFFICE BUILDING Current
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.3M
MEDICAL BUILDING
Est. value
$12.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
RETAIL STORES
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
35
Lot
5.01 ac
Current owner
From public records · entity-resolved
Procacci Tampa LLC
Entity
Mailing address
95 S FEDERAL HWY STE #100, BOCA RATON, FL 33432-4840
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
Aug 4, 2016
—
Procacci Fort Myers LLC
—
Deed
related
$1,000,000 · Pnc Bk
Mar 13, 2013
—
Procacci Fort Myers LLC
—
Deed Of Trust
related
$15,102,968 · Pnc Bank
Jul 18, 2011
—
Procacci Fort Myers LLC
—
Deed Of Trust
related
$32,500,000 · Pnc Bk/ky
Dec 28, 2010
$3,500,000
Procacci Tampa LLC
Delta Air Lines INC
Grant Deed
—
May 3, 2002
$3,725,000
Northwest Airlines INC
—
Grant Deed
related
—
—
—
Procacci Tampa LLC
—
Deed Of Trust
related
$1,000,000 · Philip J Procacci
—
—
Procacci Fort Myers LLC
—
Loan Modification
related
$1,000,000 · Pnc Bk
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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