Premium Garage Condo Near
1111 N 34TH STREET #108 Tampa, FL 33605
1111 N 34TH STREET #108, Tampa, FL, 33605
$340,000
For Sale
$340,000
Garage condo with HVAC, bath, WiFi, and security.
Property Size1,000 SF
Price / SF$340
Days on Market383
Property Features for 1111 N 34TH STREET #108
General Information
- Standard status
- Active
- Size
- 1,000 SF
Building Details
- Year Built
- 2023
Listing Agency
SMITH & ASSOCIATES REAL ESTATE
Listed by
LARRY MENDEZ
Source
Corcoran
Added: Jul 2, 2025 Checked: Mar 16 at 9:08 am
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 SMITH & ASSOCIATES REAL ESTATE
Investment Insights
Based on property information with market context.
This premium garage condo, situated in the Paddock 1 area, is located minutes from downtown Tampa, South Tampa, and Tampa International Airport. Constructed for collectors, the 1,000 square foot condo (50' x 20') features a dedicated HVAC system and an open floor plan suitable for vehicles such as cars, RVs, boats, trailers, and bikes. The construction incorporates thick concrete slabs prepared for a car lift and pre-engineered for a second-floor loft. It includes a finished bath with a water heater and the potential for shower installation, along with a private 2GB WiFi network and fire protection system. An insulated 14-foot high by 12-foot wide roll-up electric door is included, as well as an insulated metal entry door hurricane-rated for up to 150 mph winds. The drive aisles between buildings measure 50 feet wide. The gated community has a state-of-the-art security system with 24/7 video surveillance. An 'owners only' paddock access offers a lounge area, TVs, and a private conference room with tables and chairs. Monthly events are typically held for owners, and private cigar lockers are available in the owner-only paddock.
Key Highlights
- Premium garage condo designed for collectors, accommodating cars, RVs, boats, and more.
- Located minutes from downtown Tampa and Tampa International Airport.
- Pre‑engineered for a 2nd‑floor loft and concrete slabs ready for a car lift.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.4k | $18.36 |
| − Vacancy | −$1.0k | −$1.01 |
| EGI | $17.4k | $17.35 |
| − OpEx | −$5.2k | −$5.21 |
| NOI | $12.1k | $12.15 |
1,000 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$173.5K
$151.8K – $202.4K
NOI $12,145 @ 7.0% cap · market cap 3.57%
Second Best
Retail
$170.1K
$148.8K – $198.5K
NOI $11,907 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$233.0K
$203.9K – $271.8K
NOI $16,308 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Paddock1 - Premium Garage ...
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Garage condo with HVAC, bath, WiFi, and security.
Where is this self storage facility located?
The property is located at 1111 N 34TH STREET #108 Tampa, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Premium garage condo designed for collectors, accommodating cars, RVs, boats, and more.; Located minutes from downtown Tampa and Tampa International Airport.; Pre‑engineered for a 2nd‑floor loft and concrete slabs ready for a car lift.
