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    Climate-Controlled Garage Storage Condo Title is generated by Realmo AI

    1111 N 34th St., Tampa, FL 33605

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    For Sale
    $450,000

    Commercial - Tampa, FL

    Property size:
    1,200 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $375/SF
    Added:
    Oct 22, 2025
    Days on Market:
    225
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 1111 N 34th St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    200
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Garage
    Standard status
    Active
    APN
    000000-000.000-0000-212.000
    Size
    1,200 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6336
    Expense value
    365
    Expense
    Home Owner Assessments Fee

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)

    Building Details

    Year built
    2023
    Year renovated
    2023
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    George Schempf
    George Schempf

    Listing agent George Schempf

    Listing office DESTINY REALTY 112 White Oaks Blvd, Panama City, FL

    Listing date Oct 22, 2025

    MLS# 11594032 Listing URL

    Copyright © 2026 My State 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

    • Climate controlled 24' x 50' garage storage condo (Unit 212) built in 2023
    • 14' x 14' overhead door and includes a bathroom
    • Gated storage condo community with 50' aisles designed to accommodate RVs, boats, and trailers
    • Owners‑only 3,000 SF clubhouse for community gatherings and work/meeting space
    • Zoned commercial, but business use is not allowed by the HOA; private secure garage condominiums

    Overview

    Unit 212 at Paddock1 Premium Gated Garage Storage Condos offers a climate-controlled storage setting built for oversized vehicles and specialty collections. The space measures 24' x 50' and features a 14' x 14' overhead door, along with a bathroom for added convenience. Designed as a private-use storage condominium, the unit can be used as-is or finished for a custom workspace or entertainment concept, with the option for improvements such as a loft or car lifts.

    Paddock1 is a gated facility with 50' aisles intended to accommodate RVs, boats, and trailers, and Unit 212’s position is described as making large RVs or trailers easier to access. The property is zoned commercial, and it is located just minutes from I-4 near downtown Tampa and Ybor City. The community also includes an owners-only 3,000 sq ft club house for gatherings and flexible work or meeting space.

    This is a strong fit for buyers seeking a secure, private garage-condo lifestyle rather than traditional storage, especially for collectors who need larger-door access and a climate-controlled interior. While the property is zoned commercial, business use is not allowed by the HOA, aligning the community with private storage use only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paddock1 - Premium Garage ... Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.421715
    Latitude
    27.955031

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    FAQs

    What type of property is this?
    Self storage facility - Secure, private climate-controlled garage condo with large overhead access and an on-site owners-only clubhouse.
    Where is this self storage facility located?
    The property is located at 1111 N 34th St. Tampa, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Climate controlled 24' x 50' garage storage condo (Unit 212) built in 2023; 14' x 14' overhead door and includes a bathroom; Gated storage condo community with 50' aisles designed to accommodate RVs, boats, and trailers
    (330) 495-9055
    We can help!
    Listing Contact
    George Schempf
    George Schempf
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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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