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    Channelside District Mixed-Use Development Site Title is generated by Realmo AI

    102 S 12TH STREET, Tampa, FL 33602

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    Pending
    $13,000,000

    Mixed Use - TAMPA, FL

    Type:Mixed Use
    Property size:
    31,870 SF
    Lot size:
    0.17 Acres
    Added:
    May 11, 2022
    Days on Market:
    1464
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 102 S 12TH STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    CD-1
    Exterior features
    Corner Lot, Paved
    Standard status
    Pending
    APN
    A-19-29-19-4X0-000005-00024.0
    Size
    31,870 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    16348.78

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Robbie Henderson, III

    Listing agent Robbie Henderson, III

    Listing office KELLER WILLIAMS SOUTH TAMPA 3003 W. Azeele St., Tampa, FL

    Listing date May 11, 2022

    MLS# T3372361 Listing URL

    Copyright © 2026 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the rapidly developing Channelside District.
    • Large .73 acre (approx 31,870 sqft) land footprint.
    • Mixed‑use (CD‑1) zoning allows for endless possible future uses.
    • Premier visibility and high foot traffic due to location between residential and commercial venues.
    • Close proximity to major attractions including Amalie Arena, Water Street, and the Tampa Convention Center.
    • Corner lot with paved exterior.

    Overview

    This portfolio of adjoining properties, including 102, 108, 110 & 112 S 12th St, is situated in a prime location at the center of the rapidly developing Channelside District. The combined parcels create a land footprint of approximately 31,870 square feet, or 0.17 acres. The property benefits from premier visibility and foot traffic due to its location between upscale residential buildings and widely visited commercial venues. With a mixed-use (CD-1) zoning classification, this corner property has endless possible future uses. The development site is located less than one mile from major attractions including Amalie Arena, Water Street, Tampa Convention Center, Sparkman Wharf, Tampa Riverwalk, and The Florida Aquarium, as well as Downtown Tampa. This property presents a chance to own an expansive property in one of Tampa’s most exclusive markets, suitable for retail, commercial space, or residences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cooper Johnson Smith ... Architect Stinson Architecture, Inc. Architect Volenec Technical Services Civil Engineer

    Suggested Use

    Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Real Estate Agency Daycare Center Building Supply Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.446537
    Latitude
    27.946953

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Tampa location with mixed-use zoning and development potential.
    Where is this mixed-use property located?
    The property is located at 102 S 12TH STREET Tampa, FL.
    What is the asking price?
    The asking price for this property is $13,000,000.
    What are key features of this property?
    This property features: Prime location in the rapidly developing Channelside District.; Large .73 acre (approx 31,870 sqft) land footprint.; Mixed‑use (CD‑1) zoning allows for endless possible future uses.
    (813) 931-5000
    We can help!
    Listing Contact
    Robbie Henderson, III
    Real Estate License ID: 519414
    Learn More
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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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