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Property profile & analytics
FOR SALE
Office buildings
600 S Magnolia Ave Tampa, FL 33606
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4621743
For Sale
1 / 2
$6,100,000
600 S Magnolia Ave, Tampa, FL 33606
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,486 SF
Lot
0.42 ac (18,271 SF)
Zoning code
RO-1
APN
A2429184ZX000016C00000
UPID
US18-4621743
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
-
Joyce Eastridge Economist Inc Economic Consultant
-
Munch and Munch, P.A. Law Firm
-
Ware Law Group Law Firm
-
Whitford-Thomas Group Inc Counselor
-
BrandMinded Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.91M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$4.80M
Owner & transaction history
Bay Street Studio LLC · 7 yrs held
Bay Street Studio LLC
since 2018
3 recorded transactions
Zoning & alternative use
RO-1 · 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%
$6,400,000
6.5%
$5,905,000
7%
$5,485,000
Blend value · Realmo final
$4.80M
Range $4.32M – $5.27M · ±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
$181 / 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
$75,591
Tax year 2023
Assessed value
$4,097,200
Assessed 2023
Previous assessed
$3,671,900
+11.6% YoY
Effective rate
1.84%
On assessed value
Assessed land
$982,066
Assessed improvement
$3,115,134
Land market value
$982,066
Improvement market value
$3,115,134
Total market value
$4,097,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
54
Rooms
54
Total area
26,486 SF
Lot
0.42 ac (18,271 SF)
Zoning code
RO-1
APN
A2429184ZX000016C00000
UPID
US18-4621743
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RO-1 · Tampa, FL
Zoning RO-1 · permitted uses
RO-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.
Building & site characteristics
From public records
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
54
Rooms
54
Lot
0.42 ac
Current owner
From public records · entity-resolved
Bay Street Studio LLC
Entity
Mailing address
PO BOX 18464, TAMPA, FL 33679-8464
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2018
—
Bay Street Studio LLC
—
Deed
related
$1,400,000 · Rodney T & Vivien Tanner
—
—
Bay Street Studio LLC
—
Deed Of Trust
related
$1,400,000 · Rodney T & Vivien Tanner
—
—
Magnolia Of Deleon Assocs Ltd LP
—
Deed Of Trust
related
$1,588,955 · Standard Insurance Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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