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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
601 12th St Tampa, FL 33602-3100
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-2504969
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
325,191 SF
Lot
1.33 ac (57,886 SF)
Zoning code
CD-3
APN
A1829194WM000003000130
UPID
US18-2504969
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 Mav Channelside Real Estate Agency
-
The MAV Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Channelside Apartments 2020 LLC · 5 yrs held
Channelside Apartments 2020 LLC
since 2020
Last sale
$64,000
7 recorded transactions
Zoning & alternative use
CD-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,249,003
Tax year 2023
Assessed value
$60,628,093
Assessed 2023
Previous assessed
$4,898,534
+1,137.7% YoY
Effective rate
2.06%
On assessed value
Assessed land
$4,860,000
Assessed improvement
$55,768,093
Land market value
$4,860,000
Improvement market value
$55,768,093
Total market value
$60,628,093
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
19
Units
324
Total area
325,191 SF
Lot
1.33 ac (57,886 SF)
Zoning code
CD-3
APN
A1829194WM000003000130
UPID
US18-2504969
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CD-3 · Tampa, FL
Zoning CD-3 · permitted uses
CD-3 · 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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
19
Units
324
Lot
1.33 ac
Current owner
From public records · entity-resolved
Channelside Apartments 2020 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
505 20TH ST N STE #1000, BIRMINGHAM, AL 35203-4626
Ownership since
2020
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
Sep 8, 2020
—
Channelside Apartments 2020 LLC
Seaport Holdings LLC
Quit Claim Deed
related
—
Sep 8, 2020
$6,400,000
Channelside Apts 2020 LLC
Seaport Holdings LLC
Grant Deed
—
Dec 15, 2006
—
Seaport Holdings LLC
City Of Tampa
Grant Deed
$5,100,000 · Quadrant Strategy Reit INC
Dec 15, 2006
$5,573,600
Seaport Channelside LLC
City Of Tampa
Grant Deed
$75,000,000 · Capmark Bank
—
—
Seaport Holdings LLC
—
Deed Of Trust
related
—
—
—
Seaport Holdings LLC
—
Deed Of Trust
related
—
—
—
Seaport Holdings LLC
—
Deed Of Trust
related
—
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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