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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
706 Platt St Tampa, FL 33606-2250
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-1425578
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,300 SF
Lot
0.23 ac (9,990 SF)
Zoning code
CG
APN
A2429184ZV000004000130
UPID
US18-1425578
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
-
Omni Medical Center for Women: Zakhary Atef S MD Physician
-
Omni Medical Center for Women Physician
-
Jonathan P Omni Platt Physician
-
Dr. Jonathan Nutter Physician
-
Atef S Zakahry Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$418k
Blend (final)
Blend
$550k
Owner & transaction history
Thomas D Welsh · 23 yrs held
Thomas D Welsh
since 2002
7 recorded transactions
Zoning & alternative use
CG · 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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$735,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$167 / 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
$15,468
Tax year 2023
Assessed value
$820,200
Assessed 2023
Previous assessed
$738,800
+11.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$536,962
Assessed improvement
$283,238
Land market value
$536,962
Improvement market value
$283,238
Total market value
$820,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Total area
3,300 SF
Lot
0.23 ac (9,990 SF)
Zoning code
CG
APN
A2429184ZV000004000130
UPID
US18-1425578
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
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING Current
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Thomas D Welsh
Individual
Mailing address
706 W PLATT ST, TAMPA, FL 33606-2250
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2017
—
Heba Co LLC
—
Deed
related
$415,000 · Bank Of America
Dec 9, 2002
$75,000
Thomas D Welsh
Welsh,thomas D & Rachel S
Quit Claim Deed
related
$150,000 · First Financial Equities INC
Jan 29, 2001
$200,000
Heba Co LLC
Zakhary,atef
Quit Claim Deed
related
—
Jan 11, 2000
$350,000
Atef S Zakhary
Prabhu Trust
Grant Deed
$300,000 · Seller
—
—
Heba Co LLC
—
Deed Of Trust
related
$251,744 · Bank Of America
—
—
Heba Co LLC
—
Deed Of Trust
related
$493,000 · Regions Bank
—
—
Thomas D Welsh
—
Deed Of Trust
related
$20,000 · Amsouth Bank Florida
—
—
Heba Co LLC
—
Deed Of Trust
related
$200,000 · Bank Of America
—
—
Heba Co LLC
—
Deed Of Trust
related
$415,000 · Bank Of America
—
—
Heba Co LLC
—
Deed Of Trust
related
$200,000 · Bank Of America
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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