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Property profile & analytics
OFF-MARKET
Estimated value
$62,035,000
High-rise multifamily apartments
808 Franklin St Tampa, FL 33602-3859
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US19-0818012
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
385,479 SF
Lot
0.07 ac (3,150 SF)
Zoning code
CBD-2
APN
A2429184ZI000026000010
UPID
US19-0818012
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
-
Movement with Meaning Physician
-
Strategic Investment Group Real Estate Agency
-
The Right Marriage Christian Counseling and Coaching Counselor Life Coach
-
United One Communications IT Consulting Firm Tech Support Center
-
Quantum Metabolic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$64.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$62.04M
Owner & transaction history
Northland Element LLC · 8 yrs held
Northland Element LLC
since 2017
5 recorded transactions
Zoning & alternative use
CBD-2 · 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%
$69,725,000
6.5%
$64,360,000
7%
$59,765,000
Blend value · Realmo final
$62.04M
Range $55.83M – $68.24M · ±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
$161 / 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
$2,168,754
Tax year 2023
Assessed value
$109,188,100
Assessed 2023
Previous assessed
$102,174,700
+6.9% YoY
Effective rate
1.99%
On assessed value
Assessed land
$5,925,000
Assessed improvement
$103,263,100
Land market value
$5,925,000
Improvement market value
$103,263,100
Total market value
$109,188,100
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
35
Units
395
Total area
385,479 SF
Lot
0.07 ac (3,150 SF)
Zoning code
CBD-2
APN
A2429184ZI000026000010
UPID
US19-0818012
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CBD-2 · Tampa, FL
Zoning CBD-2 · permitted uses
CBD-2 · 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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
35
Buildings
5
Units
395
Lot
0.07 ac
Current owner
From public records · entity-resolved
Northland Element LLC
Entity
Mailing address
2150 WASHINGTON ST STE #300, NEWTON LOWER FALLS, MA 02462-1443
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2017
$112,425,000
Northland Element LLC
808 Franklin LLC
Grant Deed
—
Oct 25, 2017
—
Northland Element LLC
—
Loan Modification
related
$110,971,000 · Cbre Multifamily Cap
Sep 2, 2010
—
Element Marketing LLC
Element Properties LLC Coc
Quit Claim Deed
related
—
Dec 20, 2006
$7,500,000
Element Properties LLC
Teco Properties Corp
Grant Deed
—
Dec 9, 1996
—
Teco Properties Corporation
Lamb,paulene
Grant Deed
related
—
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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