Building Details

Year Built 2023

Listing Agency: SMITH & ASSOCIATES REAL ESTATE

Listed By: LARRY MENDEZ

Source: Corcoran

Added: Jul 2, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:08AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,145

Cap Rate

3.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$242,900 $242.9K

Cap Rate 7%

$173,500 $173.5K

Cap Rate 9%

$134,944 $134.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$18.4K $18.36/SF

− Vacancy

−$1.0K −$1.01/SF

EGI

$17.4K $17.35/SF

− OpEx

−$5.2K −$5.21/SF

NOI

$12.1K $12.15/SF

Area

Tampa, FL

Vacancy

5.50%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$242,900

Cap Rate 7%

$173,500

Cap Rate 9%

$134,944

Alternative Uses

Best Use

Industrial

$173.5K

$151.8K – $202.4K (±1% cap)

NOI $12,145 @ 7.0% cap · market cap 3.57%

Second Best

Retail

$170.1K

$148.8K – $198.5K (±1% cap)

NOI $11,907 @ 7.0% cap · market cap 3.50%

Theoretical Best

Office A

$233.0K

$203.9K – $271.8K (±1% cap)

NOI $16,308 @ 7.0% cap · market cap 4.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Paddock1 - Premium Garage ... Storage Facility

Suggested Use

Top Pick Dental Office Pharmacy Nail Salon (Bike/Boat/Book/etc) Store Hair Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

652

Businesses Nearby

Explore this area Business Placement

Demographics for 33605, FL

18,243

Population

8,994

Households

2

Avg Household Size

36

Median Age

21%

College-Educated

79%

High-School Grad

7.8 sq mi

ZIP Area

2,339

Density / Sq Mi

$36,790

Median Household Income

$35,889

Median Earnings

$1,122

Median Rent

$235,100

Median Home Value

Market

Vacancy Rate% for Industrial in Tampa, FL

7% 2019

7.4% 2020

5.4% 2021

5.6% 2022

4.8% 2023

6% 2024

7.7% 2025

Similar For Sale Nearby

See more

Industrial Property with Income Potential

5827 E Columbus Dr, Tampa, FL 33619

$500,000

966 SF

View details

Automotive Garage Condominium

6500 MOTOR ENCLAVE Way, Tampa, FL 33610

$540,000

924 SF

View details

Climate-Controlled Private Garage Condominium

1216-6500 Motor Enclave Way, Tampa, FL

$400,000

738 SF

View details

Tampa Manufacturing Zoned Property

2001 S 51st St, Tampa, FL 33619

$800,000

911 SF

View details

Tampa Commercial Property For Sale

309 N 22ND STREET, Tampa, FL 33605

$650,000

1,172 SF

View details

Auto Service Garage Building

5910 N 40TH ST, Tampa, FL 33610

$445,000

View details

Fenced Flex Space

5306 W COMMERCE Street, Tampa, FL 33616

$475,000

1,680 SF

View details

Corner-Lot Auto Repair Building

7279 N NEBRASKA Avenue, Tampa, FL 33604

$950,000

1,565 SF

View details

Automotive Property with Dealer License

6923 W HILLSBOROUGH Avenue, Tampa, FL 33634

$2,800,000

1,344 SF

View details

Seven-Bay Auto Repair Shop

1301 W WATERS Avenue, Tampa, FL 33604

$1,200,000

1,560 SF

View details

Gas Station Property with Block Building

3550 N 40TH Street, Tampa, FL 33605

$1,100,000

1,827 SF

View details

Manufacturing Workshop With Equipment

4825 N LAUBER Way, Tampa, FL 33614

$1,150,000

2,600 SF

View details

Frequently Asked Questions

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.