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    Michael Braccia, Pa, Tampa, FL

    License ID: 3033512
    BAY STREET COMMERCIAL LLC
    Years of Experience
    11

    Contact details

    Phone:
    (813) 254-6756

    Performance

    Listings
    27
    Total transactions
    43
    Total transactions amount
    $30M
    Price range
    $465k - 1M
    Average price
    $698k

    Listings

    For Sale (14)

    View map
    • $740,000
      3,550 SF

      Largo Office Condos: Prime Location

      3,550 SF Office Suites, High Visibility
      13191 Starkey Rd, Largo, FL 33773
      View Details
    • $5,950,000
      15,022 SF

      and

      given the scope of the potential project
      3917 Nebraska Ave, Tampa, FL 33603
      View Details
    • $2,200,000
      4,000 SF

      South Tampa Retail Building For Sale

      Freestanding retail building in South Tampa with three separate units.
      3226 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • $1,289,000
      2,298 SF

      South Tampa Professional Office Building

      Single-story office building in vibrant South Tampa/Hyde Park market.
      114 S Fremont Ave, Tampa, FL 33606
      View Details
    • $1,395,000
      1,913 SF

      South Tampa Freestanding Medical Building

      Renovated medical building in South Tampa with high traffic frontage.
      512 S Dale Mabry Hwy, Tampa, FL 33609
      View Details
    • $999,900

      Palm River Townhome Development Site

      2.62 acre townhome development site near Downtown Tampa.
      4713 El Camino Blanco Blvd, Tampa, FL 33619
      View Details
    • $999,500

      Zephyrhills Land Available For Sale

      1.08 Acres of land for sale in Zephyrhills, FL
      1.08 Acres N Gall Blvd, Zephyrhills, FL 33541
      View Details
    • $2,199,900

      Land Available for Sale

      Land available for sale in Thonotosassa, Florida.
      11102 N 301 Hwy, Thonotosassa, FL 33592
      View Details
    • $1,499,000

      Land Available on State Road

      Land for sale on State Road 54 in Wesley Chapel.
      34020 State Road 54, Wesley Chapel, FL 33543
      View Details
    • $1,499,900

      Zephyrhills Land For Sale

      2.59 Acres of land available in Zephyrhills, Florida.
      2.59 Acres Gall Blvd, Zephyrhills, FL 33541
      View Details
    • $1,499,900

      Land For Sale

      Land available for sale.
      11224 Restwood Dr, Gibsonton, FL 33534
      View Details
    • $1,490,000

      Commercial Land For Sale

      Commercial land available for sale.
      2850 Roosevelt Blvd, Clearwater, FL 33760
      View Details
    • $1,250,000

      Commercial Land Available For Sale

      Commercial land available for sale in Tampa, Florida.
      4505 Town N Country Blvd, Tampa, FL 33615
      View Details
    • $389,000

      New Port Richey Office Building

      2,920 SF professional office building in New Port Richey, FL.
      5427 Water St, New Port Richey, FL 34652
      View Details

    For Lease (13)

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    • $59,376

      Valrico Retail Space Available

      Retail space for lease in Valrico, Florida.
      4325 Lynx Paw Trl, Valrico, FL 33596
      View Details
    • $152,604

      Office/Retail Space Available For Rent

      Office and retail space available for lease.
      202 E Bearss Ave, Tampa, FL 33613
      View Details
    • $18,000 /Mo

      Retail Space Available For Rent

      Retail space for rent at $11 per square foot.
      2503 W Swann Ave, Tampa, FL 33609
      View Details
    • $20,268

      Palm Harbor Office Space Available

      Office space for rent in Palm Harbor, Florida.
      2706 Alt 19, Palm Harbor, FL 34683
      View Details
    • $20,340

      South Tampa Hyde Park Office

      Executive office suite in the heart of South Tampa.
      611 W Bay St, Tampa, FL 33606
      View Details
    • $27,708

      Palm Harbor Professional Office Space

      925 SF office space in Palm Lake Square.
      32502 Us Highway 19 N B, Palm Harbor, FL 34684
      View Details
    • $136,320

      Retail Space For Lease

      Retail space available for lease in Brandon, Florida.
      1041 W Brandon Blvd, Brandon, FL 33511
      View Details
    • $40,848

      Tampa Office Space For Rent

      Office space available for lease in Tampa, Florida.
      1713 N Albany Ave, Tampa, FL 33607
      View Details
    • $98,280

      Gibsonton Specialty Property for Rent

      Specialty property available for rent in Gibsonton, Florida.
      13135 Kings Lake Dr, Gibsonton, FL 33534
      View Details
    • $20,208

      Retail Space For Rent

      Retail space available for lease in Clearwater, Florida.
      1861 N Highland Ave, Clearwater, FL 33755
      View Details
    • $33,192

      Altamonte Springs Specialty Property

      Specialty property available for rent in Altamonte Springs, Florida.
      1074 Montgomery Rd, Altamonte Springs, FL 32714
      View Details
    • $20,208

      Renovated Retail Spaces in Clearwater

      Retail leasing opportunities in Sunset Square near downtown Clearwater.
      1861 N Highland Ave, Clearwater, FL 33755
      View Details
    • $38,952

      Seven Springs Professional Center Unit

      End-cap unit in a high-visibility professional park available for lease.
      5140 Deer Park Dr, New Port Richey, FL 34653
      View Details

    Leases and Sales on Map

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    Michael Braccia, Pa, Tampa, FL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Michael Braccia, Pa, Tampa, FL
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