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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
6504 Fowler Ave Temple Terrace, FL 33617-2406
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US18-5483531
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,320 SF
Lot
0.28 ac (12,075 SF)
Zoning code
CG
APN
T1128191I10000K4000180
UPID
US18-5483531
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$610k
Owner & transaction history
Mmdr Of Terrace INC · 30 yrs held
Mmdr Of Terrace INC
since 1996
7 recorded transactions
Zoning & alternative use
CG · Temple Terrace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$960,000
+7.4%
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 Temple Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Temple Terrace 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$895,000
Current use
RETAIL STORES
$960,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$835,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$141 / 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
$7,791
Tax year 2023
Assessed value
$435,700
Assessed 2023
Previous assessed
$404,200
+7.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$175,088
Assessed improvement
$260,612
Land market value
$175,088
Improvement market value
$260,612
Total market value
$435,700
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
10
Rooms
10
Bathrooms
1
Total area
4,320 SF
Lot
0.28 ac (12,075 SF)
Zoning code
CG
APN
T1128191I10000K4000180
UPID
US18-5483531
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Temple Terrace, FL
Zoning CG · permitted uses
CG · Temple Terrace, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Temple Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$895,000
RETAIL STORES
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$825,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
10
Rooms
10
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Mmdr Of Terrace INC
Entity
Mailing address
6504 E FOWLER AVE, TEMPLE TERRACE, FL 33617-2406
Ownership since
1996
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
Jan 23, 2023
—
Mmdr Of Terrace INC
—
Deed
related
$170,000 · Advanta Ira Services LLC
Sep 28, 2021
—
Mmdr Of Terrace INC
—
Deed
related
$420,000 · Pilot Bank
Apr 2, 1996
$220,000
Mmdr Of Terrace INC
Killian,howard L
Grant Deed
$270,000 · Tampa Bay FCU
—
—
Mmdr Of Terrace INC
—
Deed Of Trust
related
$104,410 · Terrace Bank Florida
—
—
Mmdr Of Terrace INC
—
Deed Of Trust
related
$250,000 · Raul C JR Palomino
—
—
Mmdr Of Terrace INC
—
Deed Of Trust
related
$408,000 · Pnc Bank
—
—
Mmdr Of Terrace INC
—
Deed Of Trust
related
$486,000 · Florida Bank
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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