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Property profile & analytics
OFF-MARKET
Estimated value
$30,525,000
Office buildings
8705 Henderson Rd, Tampa, FL 33634-1143
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4234774
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
115,941 SF
Lot
63.89 ac (2,783,263 SF)
Zoning code
PD
APN
U192818ZZZ000000914300
UPID
US18-4234774
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
-
FedEx Drop Box Postal Service Courier Service
-
Capital One ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.86M
Comparable Approach
Comparable
$38.85M
Blend (final)
Blend
$30.53M
Owner & transaction history
Ren Center Tampa LLC · 10 yrs held
Ren Center Tampa LLC
since 2016
2 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$42.5M
+67.4%
Medical building
$31.3M
+23.3%
Neighborhood: shopping center
$30.2M
+18.7%
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%
$28,010,000
6.5%
$25,855,000
7%
$24,010,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,415,000
Current use
APARTMENT HOUSE (5+ UNITS)
$42,530,000
Change: +67% · Conversion: Easy
MEDICAL BUILDING
$31,340,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$30,160,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$25,740,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$23,045,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,370,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$30.53M
Range $27.47M – $33.58M · ±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
$263 / 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
$1,850,360
Tax year 2023
Assessed value
$109,212,400
Assessed 2023
Previous assessed
$109,212,400
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$10,447,912
Assessed improvement
$98,764,488
Land market value
$10,447,912
Improvement market value
$98,764,488
Total market value
$109,212,400
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 (MULTI-STORY)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
3
Units
1
Rooms
86
Bathrooms
132
Total area
115,941 SF
Lot
63.89 ac (2,783,263 SF)
Zoning code
PD
APN
U192818ZZZ000000914300
UPID
US18-4234774
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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
OFFICE BUILDING Current
Est. value
$25.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$42.5M
MEDICAL BUILDING
Est. value
$31.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.2M
RETAIL STORES
Est. value
$25.7M
WAREHOUSE, STORAGE
Est. value
$23.0M
AUTO REPAIR, GARAGE
Est. value
$22.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
8
Units
1
Rooms
86
Bathrooms
132
Lot
63.89 ac
Current owner
From public records · entity-resolved
Ren Center Tampa LLC
Entity
Mailing address
1370 JET STRM DR STE #100, HENDERSON, NV 89052-4234
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2016
$108,000,100
Ren Center Tampa LLC
Liberty Property LP
Trustees Deed
$75,600,000 · Benefit Street Ptrs Cre Fin Ll
—
—
Ren Center Tampa LLC
—
Loan Modification
related
$75,600,000 · Wilmington Tr NA 2016-jp2 (ce)
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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