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Property profile & analytics
FOR LEASE
Medical Office Space
608 S Tampania Ave, Tampa, FL 33609
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-1328272
For Lease
1 / 42
$41 SF/Yr
608 S Tampania Ave, Tampa, FL 33609
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Property summary
AI-generated overview
This exceptional 2,192 square foot medical office building, located at 608 S Tampania Ave in Tampa, Florida's desirable South Tampa submarket, presents a unique investment opportunity. Built in 2003, this Class B property boasts a single-tenant occupancy and a charming art deco design. The building's layout is specifically designed to optimize workflow for medical practices, featuring a circular check-in/check-out system for efficient patient flow. The flexible floor plan currently includes four exam rooms, a testing room, an executive office, an administrative office, three bathrooms, ample storage closets, a waiting room, and a nurse's station. Ample parking is available for patients and staff. The property sits within Hillsborough County and is zoned Commercial General, allowing for a variety of medical uses. This well-maintained building offers a comfortable and functional space for medical professionals. The property will be available for occupancy on March 1, 2025. Its strategic location in South Tampa ensures high visibility and accessibility for patients. This is an excellent opportunity to acquire a turnkey medical office building in a thriving market. The property's design and functionality make it ideal for a variety of medical practices seeking a well-established and efficient space.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
2,352 SF
Lot
0.38 ac (16,384 SF)
Zoning code
CG
APN
A2229183O9000002000031
UPID
US18-1328272
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
-
Heim Regenerative Medicine Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$540k
Owner & transaction history
Michael Daniels Properties LLC · 18 yrs held
Michael Daniels Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+26.9%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$635,000
Current use
OFFICE BUILDING
$805,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$230 / 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
$24,796
Tax year 2023
Assessed value
$1,393,300
Assessed 2023
Previous assessed
$1,249,800
+11.5% YoY
Effective rate
1.78%
On assessed value
Assessed land
$880,640
Assessed improvement
$512,660
Land market value
$880,640
Improvement market value
$512,660
Total market value
$1,393,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2003
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
2,352 SF
Lot
0.38 ac (16,384 SF)
Zoning code
CG
APN
A2229183O9000002000031
UPID
US18-1328272
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Tampa, FL
Zoning CG · permitted uses
CG · 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
MEDICAL BUILDING Current
Est. value
$635,000
OFFICE BUILDING
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
RETAIL STORES
Est. value
$520,000
MEDICAL BUILDING Current
OFFICE 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
2003
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Michael Daniels Properties LLC
Entity
Mailing address
311 S MACDILL AVE, TAMPA, FL 33609-3141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Jul 25, 2007
—
Michael Daniels Properties LLC
Kwitko,geoffrey M & Paula M
Warranty Deed
—
May 25, 2007
$575,000
Michael Daniels Properties LLC
Henry A Fernandez
Warranty Deed
$450,600 · Suntrust Bank
Dec 31, 2001
$145,000
Geoffrey M Kwitko
Richman,ellis I
Grant Deed
$130,500 · Bank Of Tampa
Nov 15, 2001
$100,000
Eills Richman
Washington,j B
Grant Deed
—
—
—
Washington J B
—
Deed Of Trust
related
$13,000 · Tom P Martino INC
—
—
Geoffrey M Kwitko
—
Deed Of Trust
related
$261,500 · Bank Of Tampa
—
—
Geoffrey M Kwitko
—
Deed Of Trust
related
$445,500 · Suntrust 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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