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    4011 E Columbus Dr Tampa, FL 33605

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    For Sale
    $9,000,000

    116-unit hotel/apartment complex with remodeling and expansion potential.

    Lot size:
    2.50 Acres

    Property Features for 4011 E Columbus Dr

    General Information

    Lot size
    2.50 Acres

    Building Details

    Year built
    1974

    Source: GREAT AMERICAN REALTY Agent Frank Leto

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

    Overview

    116-Unit Hotel/Apartment Complex For Sale

    This property features a 116-unit hotel/apartment complex. The two-story building is constructed with concrete block and brick, with a concrete second floor. Each unit is an efficiency apartment, measuring approximately 300 square feet. A new roof was installed in 2024. The building is currently undergoing a complete remodel and includes land suitable for constructing an additional 100 units, more or less. The units can be rented by the day, week, month, or year. Proforma income, based on weekly rentals of $350 per unit, is $2,111,200, with expenses of $844,480, resulting in a net income of $1,266,720. The total acreage of the property is over 5 acres.
    Insight Report Location Intelligence

    Current Use by Public Records

    Budgut nni Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4119091
    Latitude
    27.9663049

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    FAQs

    What type of property is this?
    Hotel - 116-unit hotel/apartment complex with remodeling and expansion potential.
    Where is this hotel located?
    The property is located at 4011 E Columbus Dr Tampa, FL.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: - High potential net income: Proforma analysis projects a net income of $1,266,720 based on weekly rentals.; - Substantial expansion opportunity: Includes land to build approximately 100 additional units.; - Flexible rental options: Units can be rented by the day, week, month, or year.
    (813) 961-9661
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    4011 E Columbus Dr Tampa, FL 33605
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    Tampa, FL 33605
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    Realmo Value Estimation

    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.

    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.

    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
    4011 E Columbus Dr Tampa, FL 33605
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