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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office Spaces
707 Franklin St Fl 3 Tampa, FL 33602-4430
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3205416
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,846 SF
Lot
0.14 ac (5,897 SF)
Zoning code
CBD-1
APN
A2429188ML000000000030
UPID
US18-3205416
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
$1.05M
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$825k
Owner & transaction history
Dfnk Real Estate LLC · 5 yrs held
Dfnk Real Estate LLC
since 2021
Last sale
$685,000
6 recorded transactions
Zoning & alternative use
CBD-1 · 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
$990,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$795,000
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $685k (Mar 18 2021)
Last sale anchor
$685k
Mar 18 2021
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
$215 / 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
$14,657
Tax year 2023
Assessed value
$722,897
Assessed 2023
Previous assessed
$643,385
+12.4% YoY
Effective rate
2.03%
On assessed value
Assessed land
$100
Assessed improvement
$722,797
Land market value
$100
Improvement market value
$722,797
Total market value
$722,897
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
53
Total area
3,846 SF
Lot
0.14 ac (5,897 SF)
Zoning code
CBD-1
APN
A2429188ML000000000030
UPID
US18-3205416
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-1 · Tampa, FL
Zoning CBD-1 · permitted uses
CBD-1 · 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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
53
Lot
0.14 ac
Current owner
From public records · entity-resolved
Dfnk Real Estate LLC
Entity
Mailing address
707 N FRANKLIN ST FL #3, TAMPA, FL 33602-4430
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
$685,000
Dfnk Real Estate LLC
Dennis L Murphy Family LP
Warranty Deed
$582,250 · First Horizon Bank
Nov 19, 2018
—
Dennis L Murphy Family LP
—
Trustees Deed
related
$75,144 · Murphy Larry L Marital Tr (pt)
Jan 6, 2014
$575,000
Dennis L Murphy Family LP
Winkles Law Group Pa
Warranty Deed
—
Oct 1, 2009
—
Winkles Law Group Pa
Tampa Theatre Building Ptshp
Grant Deed
related
—
—
—
Dennis L Murphy Family LP
—
Loan Modification
related
$568,965 · Murphy Larry L Marital Tr (pt)
—
—
Dennis L Murphy Family LP
—
Loan Modification
related
$881,293 · Larry L Murphy Marital Tr (ct)
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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