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    101 S 12TH STREET 101 Tampa, FL 33602

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    For Sale
    $699,000

    Versatile live/work condo in Tampa's Channel District.

    Type:Condo/Townhome
    Property size:
    1,367 SF
    Added:
    Mar 24, 2026
    Days on Market:
    10
    Last Refresh:
    Mar 26 at 1:37 am

    Property Features for 101 S 12TH STREET 101

    General Information

    Standard status
    Active
    Size
    1,367 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Marvin Meeks
    Marvin Meeks

    Listing agent Marvin Meeks License #3079570

    Listing office URBAN LIVING TAMPA BAY REALTY

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of URBAN LIVING TAMPA BAY REALTY

    Overview

    Channel District Live/Work Condo

    Located in the Channel District, this two-story corner unit at Victory Lofts offers a versatile live/work space. The mixed-use condo is zoned for both residential and commercial use, allowing for flexible use of the space. The ground floor features a private storefront with a large window for signage, a half-bath, and an open space suitable for an office, showroom, or retail space. The second floor, accessible via a private staircase and separate lobby entrance, offers a spacious layout with natural light. It includes an updated kitchen with quartz countertops, modern cabinetry, refrigerator, dishwasher, sink, and hookups for a gas range and microwave. The living/office space is currently configured with a conference room (formerly a bedroom) and an additional living space off the kitchen. A full bathroom features remodeled fixtures, tile, quartz countertops, a tankless water heater, and washer/dryer hookups. One assigned parking space in the secured garage and an additional storage cage are included. Building amenities include secure entry, a fitness center, a club room, a dog park, a rooftop deck, and a package room. Maintenance fees cover water, sewer, trash, basic cable, internet, gas, building insurance, and reserves. The property is near Sparkman Wharf, Water Street, dining, shopping, entertainment, Publix, CVS, Amalie Arena, the Florida Aquarium, and the Riverwalk. The unit has 1367 square feet.
    Location Intelligence

    Current Use by Public Records

    Car Accident Lawyer Law Firm RHINO Lawyers Law Firm My City Cowork Coworking & Hybrid Office Murray Contracting, Inc. Construction Company Fetch Social Dog Walker

    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
    -82.4470815
    Latitude
    27.9469888

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    FAQs

    What type of property is this?
    Live-work space - Versatile live/work condo in Tampa's Channel District.
    Where is this live-work space located?
    The property is located at 101 S 12TH STREET 101 Tampa, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Prime Channel District location: Steps from Sparkman Wharf, Water Street, dining, shopping, and entertainment.; Flexible live/work zoning: Allows residential and commercial use, with a private storefront.; Updated kitchen: Features quartz countertops, modern cabinetry, and gas range hookups.
    (813) 871-0811
    We can help!
    Listing Contact
    Marvin Meeks
    Marvin Meeks
    Real Estate License ID: 3079570
    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.

    More about this property
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