A 1031 exchange in Tampa Bay is more than just swapping one property for another. The IRS has strict timelines, valuation requirements, and like-kind property rules that can disqualify an exchange if handled incorrectly. Most commercial brokers can identify replacement properties, but few have the appraisal credentials to verify that those properties meet IRS requirements for equal or greater value.
Tom Brubaker’s certification as a state appraiser means every 1031 exchange starts with accurate valuation analysis, ensuring your replacement property qualifies under IRC Section 1031 while maximizing your investment potential in Tampa Bay’s commercial real estate market.
The 45-day identification window and 180-day closing deadline make 1031 exchanges one of the most time-sensitive transactions in commercial real estate. At TAMBAY Commercial, we streamline the process by pre-qualifying replacement properties for value, income potential, and IRS compliance before you waste time on assets that won’t meet exchange requirements.
We calculate your exact tax deferral, including federal and state capital gains exposure, depreciation recapture, and net proceeds available for reinvestment. You know what you will save and what you need to deploy before you commit to the exchange.
We identify qualifying like-kind properties in Tampa Bay that meet IRS requirements while aligning with your investment goals. Every candidate property is evaluated for market value, income potential, and strategic fit within your portfolio.
Tom Brubaker provides certified appraisal analysis to verify that replacement properties meet the equal or greater value requirements under IRC Section 1031. This eliminates the risk of disqualification due to valuation errors.
Tampa Bay offers strong replacement property options across industrial, retail, office, and multifamily asset classes. We track market trends in Pasco, Pinellas, and Hillsborough counties to position you in submarkets with the highest appreciation potential.
Completing a 1031 exchange successfully requires precision. The IRS does not forgive missed deadlines, valuation errors, or improperly structured transactions. Tom Brubaker’s dual role as a state-certified appraiser and licensed commercial broker means you get both the market knowledge to identify the right replacement property and the technical expertise to ensure it qualifies under IRS rules.
What We Provide:
Certified Appraiser on Staff: Tom Brubaker is a state-certified appraiser, ensuring every replacement property meets IRS valuation requirements.
Tampa Bay Market Expertise: Decades of experience across Pasco, Pinellas, and Hillsborough counties means we know which submarkets offer the best replacement property opportunities.
Tax-Deferred Strategy: We calculate your exact capital gains deferral and structure the exchange to maximize your net equity deployment.
45-Day Identification Support: We pre-qualify replacement properties before the clock starts, so you are not scrambling to meet the IRS deadline.
Step 1: Initial Property Assessment & Exit Planning
Tom performs a comprehensive appraisal of your current asset to establish the baseline reinvestment threshold. This sets your target value for replacement properties and determines how much equity must be redeployed to maintain full tax deferral.
Step 2: Tax Impact Modeling & Strategy Development
We build a complete financial picture showing your potential tax savings, including capital gains, depreciation recapture, and state obligations. This analysis reveals exactly how much purchasing power you have for your next investment.
Step 3: Rapid Replacement Property Sourcing
With the 45-day clock running, we tap into off-market opportunities and active listings to present vetted options that satisfy IRS like-kind rules. Each property comes with preliminary valuation data so you can make informed decisions quickly.
Step 4: Transaction Execution & Compliance Management
We work alongside your qualified intermediary and legal team to ensure every deadline is met and every IRS requirement is documented. From initial paperwork through final closing, we handle the coordination so nothing falls through the cracks.
Q. What are the deadlines for a 1031 exchange?
A. The IRS requires you to identify replacement properties within 45 days of closing on your relinquished property and complete the purchase of the replacement property within 180 days. Both deadlines are strict. Missing either one disqualifies the exchange and triggers immediate tax liability.
Q. Can I use 1031 exchange proceeds for a down payment on a replacement property?
A. No. To defer 100% of your capital gains tax, the replacement property must be equal to or greater in value than the relinquished property, and you must reinvest all net proceeds from the sale. If you take cash out, that portion becomes taxable as boot.
Q. What qualifies as a like-kind property in a 1031 exchange?
A. Under IRS Section 1031, like-kind refers to the nature of the investment, not the specific property type. You can exchange an office building for an industrial warehouse or a retail strip center for a multifamily asset, as long as both are held for investment purposes in the United States.
Q. Do I need a qualified intermediary for a 1031 exchange?
A. Yes. IRS rules prohibit you from taking direct possession of sale proceeds during a 1031 exchange. A qualified intermediary holds the funds in escrow and facilitates the transfer to the replacement property. We coordinate with your QI throughout the process to ensure compliance.
Q. How does Tom Brubaker’s appraisal background help with 1031 exchanges?
A. Most brokers estimate property values using comparable sales. Tom Brubaker provides certified appraisal analysis, which meets the IRS standard for determining whether a replacement property qualifies as equal or greater value. That distinction eliminates the risk of disqualification due to valuation errors.
Q. What happens if I cannot find a replacement property in 45 days?
A. If you miss the 45-day identification deadline, the exchange is disqualified, and you owe full capital gains tax on the sale. That is why we pre-qualify replacement properties before you close on your relinquished asset, so you have vetted options ready to identify within the window.
