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    Buildable Lot in Tampa Title is generated by Realmo AI

    215 W 131ST AVENUE, Tampa, FL 33612

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    Claim this Listing
    For Sale
    $229,000

    Land - TAMPA, FL

    Lot size:
    0.48 Acres
    Added:
    Mar 3, 2025
    Days on Market:
    454
    Last Refresh:
    May 31 at 9:06 am

    Property Features for 215 W 131ST AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSC-6
    Pets allowed
    Yes
    Exterior features
    Level, Paved
    Standard status
    Active
    APN
    U-12-28-18-0TD-000003-00007.3
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1449

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Waldo Fernandez
    Waldo Fernandez

    Listing agent Waldo Fernandez License #3400597

    Listing office CHARLES RUTENBERG REALTY INC 1545 S Belcher Rd, Clearwater, FL

    Listing date Mar 3, 2025

    MLS# TB8353651 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Buildable Lot with Included Architectural Plans: Save time and design costs with ready‑to‑use existing plans.
    • Public Water & Sewer Available: Utilities are readily accessible at the curb for easy connection.
    • Desirable Lot Size: Enjoy ample space for building on this large 87'x239' lot.
    • Prime Central Location: Conveniently located in the center of town.
    • Established Neighborhood: Situated in a great, well‑established Tampa neighborhood.
    • Easy Access to Major Destinations: Minutes from I‑275, USF, Downtown Tampa, and Bush Gardens.

    Overview

    This 0.48-acre lot is located in Tampa, Florida. The property is zoned RSC-6 and is ready for construction. Public water and sewer services are available at the curb. Architectural plans are included, allowing for immediate permit application and construction commencement. Situated in an established neighborhood, the location provides convenient access to I-275, the University of South Florida (USF), Downtown Tampa, and Bush Gardens.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4615622
    Latitude
    28.0659049

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    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot in established Tampa neighborhood near I-275 and USF.
    Where is this residential land & home lot located?
    The property is located at 215 W 131ST AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: Buildable Lot with Included Architectural Plans: Save time and design costs with ready‑to‑use existing plans.; Public Water & Sewer Available: Utilities are readily accessible at the curb for easy connection.; Desirable Lot Size: Enjoy ample space for building on this large 87'x239' lot.
    (646) 942-7907
    We can help!
    Listing Contact
    Waldo Fernandez
    Waldo Fernandez
    Real Estate License ID: 3400597
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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.

    More about this property
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    215 W 131ST AVENUE, TAMPA, FL 33612
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