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Property profile & analytics
FOR LEASE
Office buildings
7402 N 56Th St Tampa, FL 33617
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4794744
For Lease
1 / 5
$400,000 SF/Yr
7402 N 56Th St, Tampa, FL 33617
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
WOOD
Total area
14,095 SF
Lot
10.9 ac (474,718 SF)
Zoning code
CG
APN
U2728191KN000000000010
UPID
US18-4794744
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
-
Associated Plumbing Inc Plumbing Service General Contractor
-
signatureitsolution (Bike/Boat/Book/etc) Store Corporate Office
-
ParMassageTherapy Alternative Medicine Practice Spa & Massage Center
-
RFT-Telecom Inc. Telecommunications Service General Contractor
-
Insured American Family Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.15M
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$5.04M
Owner & transaction history
Emma I LLC · 6 yrs held
Emma I LLC
since 2020
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Se…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
2,185.22 ac
Top alternative use upside
Restaurant
$6.8M
+133.1%
Apartment house (5+ units)
$5.2M
+77.4%
Medical building
$3.8M
+30.7%
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%
$3,405,000
6.5%
$3,145,000
7%
$2,920,000
Alternative Use
Use
Estimation
RESTAURANT
$6,795,000
Change: +133% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,170,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$3,810,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,665,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$3,130,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$5.04M
Range $4.53M – $5.54M · ±10% · vs last sale $5.50M (Apr 30 2020)
Last sale anchor
$5.50M
Apr 30 2020
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
$357 / 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
$102,285
Tax year 2023
Assessed value
$5,517,200
Assessed 2023
Previous assessed
$4,988,100
+10.6% YoY
Effective rate
1.85%
On assessed value
Assessed land
$3,047,690
Assessed improvement
$2,469,510
Land market value
$3,047,690
Improvement market value
$2,469,510
Total market value
$5,517,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1975
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
9
Stories
1
Units
9
Rooms
103
Bathrooms
57
Total area
14,095 SF
Lot
10.9 ac (474,718 SF)
Zoning code
CG
APN
U2728191KN000000000010
UPID
US18-4794744
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Tampa, FLZoning CG · permitted uses
CG · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU
Zone name
Commercial General
General category
COMMERCIAL
Zone area
2,185.22 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.1M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1975
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
9
Units
9
Rooms
103
Bathrooms
57
Lot
10.9 ac
Current owner
From public records · entity-resolved
Emma I LLC
Entity
Mailing address
10905 SAVONA WAY, ORLANDO, FL 32827-7272
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
—
Emma I LLC
—
Deed
related
$8,500,000 · Valley Bank
Apr 30, 2020
$5,500,000
Emma I LLC
Joe Florida LLC
Warranty Deed
$4,070,279 · Joe Florida LLC
Sep 7, 2016
—
Jde Florida LLC
—
Deed
related
$1,450,000 · Usameribank
Jul 14, 2016
—
Jde Florida LLC
—
Deed
related
$752,916 · Usameribank
Jul 11, 2016
—
Jde Florida LLC
—
Deed
related
$1,000,000 · Usameribank
May 14, 1996
$1,375,000
Sk Properties
Corporate,park A
Grant Deed
$875,000 · Corporate Park Associates Limi
—
—
Jde Florida LLC
—
Loan Modification
related
$1,000,000 · Usameribank
—
—
Jde Florida LLC
—
Loan Modification
related
$752,916 · Usameribank
—
—
Jde Florida LLC
—
Deed Of Trust
related
$975,000 · Usameribank
—
—
Jde Florida LLC
—
Loan Modification
related
$1,450,000 · Usameribank
—
—
Emma I LLC
—
Deed Of Trust
related
$8,500,000 · Valley Nat'l Bk
—
—
Sk Properties
—
Deed Of Trust
related
$825,000 · Central National 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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