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Property profile & analytics
OFF-MARKET
Estimated value
$12,010,000
Assisted living facilities
702 Kings Ave, Brandon, FL 33511-5925
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6010233
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1990
Construction
WOOD
Total area
47,010 SF
Zoning code
AS-1
APN
U2729202H3000000000010
UPID
US18-6010233
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
-
Sharon Bolda, PTA Physician
-
Wassef Hanna Physician
-
Tyrone Richardson Physician
-
Aspire at Central Park Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.01M
Owner & transaction history
702 S Kings Ave Fl Owner LLC · 2 yrs held
702 S Kings Ave Fl Owner LLC
since 2023
Last sale
$13.8M
3 recorded transactions
Zoning & alternative use
AS-1 · Brandon, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$16.6M
+119.7%
Neighborhood: shopping center
$11.5M
+51.9%
Retail stores
$10.8M
+43.6%
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 Brandon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brandon 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
$11,055,000
ML approach
$9,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$7,550,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,585,000
Change: +120% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,470,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$10,840,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,900,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$9,710,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$9,095,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$12.01M
Range $10.81M – $13.21M · ±10% · vs last sale $13.80M (Nov 7 2023)
Last sale anchor
$13.80M
Nov 7 2023
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
$255 / 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
$62,599
Tax year 2023
Assessed value
$4,003,500
Assessed 2023
Previous assessed
$3,015,500
+32.8% YoY
Effective rate
1.56%
On assessed value
Assessed land
$100
Assessed improvement
$4,003,400
Land market value
$100
Improvement market value
$4,003,400
Total market value
$4,003,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
1
Rooms
13
Total area
47,010 SF
Zoning code
AS-1
APN
U2729202H3000000000010
UPID
US18-6010233
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
AS-1 · Brandon, FL
Zoning AS-1 · permitted uses
AS-1 · Brandon, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brandon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
RETAIL STORES
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$9.7M
OFFICE BUILDING
Est. value
$9.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
13
Current owner
From public records · entity-resolved
702 S Kings Ave Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL, NEW YORK, NY 10022-4834
Ownership since
2023
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
Nov 7, 2023
$13,800,000
702 S Kings Ave Fl Owner LLC
Ohi Asset Fl LLC
Special Warranty Deed
—
Apr 3, 2003
—
Florida Lessor-five Facilities
Ihs At Brandon INC
Grant Deed
related
—
Nov 30, 1998
$1,784,700
Ihs At Brandon INC
Central Park Lodges INC
Grant Deed
—
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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