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Property profile & analytics
OFF-MARKET
Estimated value
$199,760,000
High-rise multifamily apartments
915 Franklin St Tampa, FL 33602-3815
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0448624
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2017
Construction
CONCRETE
Total area
388,704 SF
Lot
1.01 ac (44,100 SF)
Zoning code
CBD-2
APN
A2429184ZI000017000021
UPID
US18-0448624
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
-
Giraphix Creative Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Nine15 Apartment Complex Apartment Building
-
Parrish & Goodman, PLLC Law Firm
-
Russell Querry, Attorney At Law Law Firm
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$243.00M
Blend (final)
Blend
$199.76M
Owner & transaction history
915 Franklin Street Owner LLC · 4 yrs held
915 Franklin Street Owner LLC
since 2022
Last sale
$184.0M
7 recorded transactions
Zoning & alternative use
CBD-2 · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$187.4M
+31.4%
Office building
$153.2M
+7.4%
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
$188,035,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$142,590,000
Current use
RESTAURANT
$187,400,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$153,180,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$199.76M
Range $179.78M – $219.74M · ±10% · vs last sale $184.00M (May 9 2022)
Last sale anchor
$184.00M
May 9 2022
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
$514 / 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
$3,057,368
Tax year 2023
Assessed value
$148,624,100
Assessed 2023
Previous assessed
$120,420,000
+23.4% YoY
Effective rate
2.06%
On assessed value
Assessed land
$5,430,000
Assessed improvement
$143,194,100
Land market value
$5,430,000
Improvement market value
$143,194,100
Total market value
$148,624,100
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
2017
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
23
Units
362
Rooms
8
Total area
388,704 SF
Lot
1.01 ac (44,100 SF)
Zoning code
CBD-2
APN
A2429184ZI000017000021
UPID
US18-0448624
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$142.6M
RESTAURANT
Est. value
$187.4M
OFFICE BUILDING
Est. value
$153.2M
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
2017
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
23
Units
362
Rooms
8
Lot
1.01 ac
Current owner
From public records · entity-resolved
915 Franklin Street Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2001 ROSS AVE STE #2800, DALLAS, TX 75201-2930
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
$184,000,000
915 Franklin Street Owner LLC
Nine15 Venture LLC
Special Warranty Deed
—
Mar 2, 2020
$120,000,000
Nine1i5 Venture LLC
Franklin Street 915 Project
Grant Deed
—
Mar 2, 2020
—
Ninei5 Venture LLC
—
Deed
related
$66,000,000 · Miscellaneous Ins Co
Feb 4, 2019
—
915 Franklin Street Project Ow
—
Loan Modification, Consolidation And Extension
related
$68,817,573 · Loancore Cap Credit Reit LLC
Nov 25, 2015
—
915 Franklin Street Project Ow
—
Grant Deed
related
$70,000,000 · Other Institutional Lenders
Sep 11, 2015
$6,400,000
915 Franklin Street Project Ow
Kress Square IV LLC
Grant Deed
—
Nov 7, 2011
—
Kress Square I LLC
—
Deed Of Trust
related
$7,000,000 · Gables LLC
May 18, 2005
$622,700
Kress Square IV LLC
Jan Investments INC
Warranty Deed
—
—
—
Kress Square I LLC
—
Loan Modification
related
$916,000 · Gables LLC
—
—
Ninei5 Venture LLC
—
Loan Modification
related
$66,000,000 · Miscellaneous Ins 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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