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Property profile & analytics
OFF-MARKET
Estimated value
$16,675,000
High-rise multifamily apartments
84 Davis Blvd Tampa, FL 33606-3456
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5747125
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,507 SF
Lot
1.49 ac (65,000 SF)
Zoning code
RM-35
APN
A252918509000006000630
UPID
US18-5747125
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
-
Shu Cao Physician
-
Fast Food Healing Physician
-
Vanilla Luna Yoga Gym & Fitness Center
-
The Mirasol Apartments Apartment Complex
-
BCreativ Branding Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.76M
Blend (final)
Blend
$16.68M
Owner & transaction history
Mirasol Davis Islands LLC · 4 yrs held
Mirasol Davis Islands LLC
since 2021
Last sale
$20.0M
6 recorded transactions
Zoning & alternative use
RM-35 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.2M
+31.4%
Office building
$24.9M
+20.3%
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
$21,950,000
ML approach
$12,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$20,730,000
Current use
RESTAURANT
$27,245,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$24,935,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$16.68M
Range $15.01M – $18.34M · ±10% · vs last sale $20.00M (Sep 20 2021)
Last sale anchor
$20.00M
Sep 20 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
$295 / 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
$310,299
Tax year 2023
Assessed value
$16,026,600
Assessed 2023
Previous assessed
$16,026,600
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,624,000
Assessed improvement
$14,402,600
Land market value
$1,624,000
Improvement market value
$14,402,600
Total market value
$16,026,600
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
7
Units
58
Rooms
58
Bathrooms
3
Total area
56,507 SF
Lot
1.49 ac (65,000 SF)
Zoning code
RM-35
APN
A252918509000006000630
UPID
US18-5747125
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
RM-35 · Tampa, FL
Zoning RM-35 · permitted uses
RM-35 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$20.7M
RESTAURANT
Est. value
$27.2M
OFFICE BUILDING
Est. value
$24.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
7
Buildings
2
Units
58
Rooms
58
Bathrooms
3
Lot
1.49 ac
Current owner
From public records · entity-resolved
Mirasol Davis Islands LLC
Entity
Mailing address
84 DAVIS BLVD, TAMPA, FL 33606-3456
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 20, 2021
$20,000,000
Mirasol Davis Islands LLC
The Mirasol Of Tampa LLC
Special Warranty Deed
$14,200,000 · Peoples Bank & Trust Co Of Pickett
Aug 2, 2016
$10,375,000
Mirasol Of Tampa LLC
Vertz,robert L
Grant Deed
$5,150,000 · Usameribank
Jul 26, 1999
$5,000,000
Robert L Vertz
Winter,jeanne R
Grant Deed
$3,875,000 · Seller
—
—
Robert L Vertz
—
Deed Of Trust
related
$2,820,011 · M & I Marshall & Isley Bank
—
—
Robert L Vertz
—
Deed Of Trust
related
$2,655,000 · Branch Banking & Trust Co
—
—
Robert L Vertz
—
Deed Of Trust
related
$2,700,000 · Branch Banking & Trust Co
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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