Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Citrus Park Title is generated by Realmo AI

    12845 Citrus Park Plaza Dr, Tampa, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a well-located shopping center.

    Type:RETAIL
    Property size:
    13,786 SF
    Lot size:
    83.26 Acres
    Added:
    Sep 14, 2023
    Days on Market:
    970
    Last Refresh:
    Apr 5 at 9:30 pm

    Property Features for 12845 Citrus Park Plaza Dr

    General Information

    Standard status
    Active
    Size
    13,786 SF
    Lot size
    83.26 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 12845 Citrus Park Plaza Dr Contact us

    We can help!

    Listing Contact
    Jeremy Kral

    Listing agent Jeremy Kral

    Listing office The Shopping Center Group | Tampa

    Listing date Sep 14, 2023

    Source Moodyscre

    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 The Shopping Center Group | Tampa

    HighLights

    • Strong national tenant line up
    • Abundant parking
    • Great street visibility
    • Convenient location across from Citrus Park Town Center
    • Beautiful brick facade
    • The Plaza at Citrus Park

    Overview

    The Plaza at Citrus Park is a shopping center featuring a brick facade and a selection of national tenants. The site provides ample parking and street visibility. The property is located across the street from Citrus Park Town Center. The property size is 13786 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Art On 12th — 112 N 12th St, Tampa, FL 33602
    • Florida MV Express Kiosk — 601 E Kennedy Blvd, Tampa, FL 33602
    • Coin Cloud Bitcoin ATM — 450 Knights Run Ave, Tampa, FL 33602
    • Channelside Bay Plaza — 615 Channelside Dr, Tampa, FL 33602
    • Coin Cloud Bitcoin ATM — 203 n meridian ave, tampa, fl 33602

    Map

    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.45
    Latitude
    27.94

    Nearby Similar for Lease

    • $6,000/Mo

      Downtown Tampa Commercial Office Space

      High-visibility 1,500 SF office space in downtown Tampa.
      1006 N FLORIDA AVENUE, TAMPA, FL 33602
      View Details
    • $4,000/Mo

      Charming Bungalow Office Conversion

      1922 bungalow converted to professional office space for rent.
      5409 N FLORIDA AVENUE, TAMPA, FL 33604
      View Details
    • $2,750/Mo

      Furnished Corner Office Space Available

      Move-in ready, furnished office with flexible lease terms near I-275.
      1046 W BUSCH BOULEVARD, TAMPA, FL 33612
      View Details
    • $3,000/Mo

      Turnkey Office Condo in Tampa

      Professional office condo for lease in a prime Tampa location.
      5404 HOOVER BOULEVARD, TAMPA, FL 33634
      View Details
    • $6,500/Mo

      Tampa Commercial Space with Patio

      2,000 SF commercial space with outdoor seating area.
      3918 N BOULEVARD, TAMPA, FL 33603
      View Details
    • $850/Mo

      Move-In Ready Furnished Office Space

      Furnished office space with included amenities in Tampa, Florida.
      1211 TECH BOULEVARD, TAMPA, FL 33619
      View Details
    • $10,011/Mo

      High-Exposure Commercial Building Near Busch Gardens

      Two-story commercial building with high visibility and flexible configuration.
      3601 E Busch Boulevard, Tampa, FL 33612
      View Details
    • $3,000/Mo

      Tampa Medical Office For Rent

      Commercial space suitable for medical, wellness, or general office use.
      3713 W MCKAY AVENUE, TAMPA, FL 33609
      View Details
    • $500/Mo

      Office Suite in New Tampa

      Office suite for sublease in a shared professional building.
      5305 TECHNOLOGY DRIVE, TAMPA, FL 33647
      View Details
    • $2,100/Mo

      Industrial/Commercial Unit on Adamo Drive

      Industrial/commercial unit with office space, high visibility, and secure perimeter.
      6102 E ADAMO DRIVE, TAMPA, FL 33619
      View Details
    • $1,250/Mo

      Tastefully Decorated Office in Tampa

      Professional office space in the heart of South Tampa's Hyde Park.
      1550 W CLEVELAND STREET, TAMPA, FL 33606
      View Details
    • $1,150/Mo

      Professional Office Space in Tampa

      Tastefully decorated office space in the heart of South Tampa.
      1550 W CLEVELAND STREET, TAMPA, FL 33606
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a well-located shopping center.
    Where is this shopping center located?
    The property is located at 12845 Citrus Park Plaza Dr Tampa, FL.
    What are key features of this property?
    This property features: Strong national tenant line up; Abundant parking; Great street visibility
    (813) 961-1812 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeremy Kral
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12845 Citrus Park Plaza Dr, Tampa, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!