Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7311 N Armenia Ave Tampa, FL 33604

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $975,000

    Turnkey commercial property with modern updates and flexible zoning.

    Lot size:
    0.17 Acres

    Property Features for 7311 N Armenia Ave

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.17 Acres

    Building Details

    Year built
    1957

    We can help!

    Listing Contact
    Betty Larralde
    Source: Elliman

    Listing Agency: EXCLUSIVE HOMES REALTY, INC. Listing Agent: Betty Larralde

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

    Learn more

    Overview

    Remodeled Commercial Property For Sale

    This completely remodeled commercial property is turnkey and ready for immediate use. Zoned CG (Commercial General), it offers possibilities for professional offices, medical, retail, or service-based businesses. The property has been renovated from top to bottom, featuring new walls, floors, electrical, and plumbing systems. Recent updates include new windows and doors, three kitchenettes, and three full bathrooms, making it suitable for multi-use functionality or multiple tenants. Additional features include a wood fence added in 2019. The roof was replaced in 2018, and a new HVAC system was installed in 2023. A new lawn is scheduled for installation in July 2025, along with a new perimeter fence. The property is located in Tampa, Florida.
    Location Intelligence

    Current Use by Public Records

    Mary's Little Lamb ... Daycare Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4852276
    Latitude
    28.0152032

    Nearby Similar for Sale

    • $699,000
      1,866 SF

      Tampa Commercial Property with CI Zoning

      Commercial property with flexible zoning and income potential in Tampa.
      3607 E Mohawk Ave, Tampa, FL 33610
      View Details
    • $975,000
      Pending

      Retail Property in South Tampa

      Free-standing retail property in Tampa with C1 zoning.
      2714 S Macdill Ave, Tampa, FL 33629
      View Details
    • $375,000
      1,274 SF

      Turnkey Office Condo in Tampa

      Move-in ready office condo in a prime Tampa location.
      5404 Hoover Blvd, Tampa, FL 33634
      View Details
    • New
      $575,000
      1,528 SF

      Versatile Mixed-Use Property in Tampa

      High-visibility commercial mixed-use property with flexibility and upside potential.
      2807 Locicero Dr, Tampa, FL 33619
      View Details
    • $397,800
      Pending

      Tampa Office Building For Sale

      Professional office building in established Forest Hills/North Tampa area.
      1408 W Linebaugh Ave, Tampa, FL 33612
      View Details
    • New
      $799,000
      3,000 SF

      Versatile Office Building in Tampa

      Two-story office building in Carrollwood submarket, ideal for investors.
      3804 Gunn Hwy, Tampa, FL 33618
      View Details
    • $875,000
      3,160 SF

      Linebaugh Avenue Professional Office Suites

      Two contiguous office suites in a high-traffic Tampa corridor.
      6938 W Linebaugh Ave, Tampa, FL 33625
      View Details
    • $400,000
      2,882 SF

      Versatile Tampa Commercial Opportunity

      Unique property suitable for retail, office, or redevelopment.
      2222 E Dr Martin Luther King Jr Blvd, Tampa, FL 33610
      View Details
    • $500,000
      2,763 SF

      East Tampa Commercial Opportunity

      Pharmacy space in a bustling commercial corridor.
      3302 E Dr Martin Luther King Jr Blvd, Tampa, FL 33610
      View Details
    • New
      $1,050,000
      Pending

      Tampa Mixed-Use Commercial Property

      Prime commercial property off Dale Mabry Hwy with high visibility.
      3811 W Sligh Ave, Tampa, FL 33614
      View Details
    • $1,550,000
      7,342 SF

      North Tampa Commercial Building For Sale

      7,324 SF commercial building with three units and detached garage.
      8202 N Armenia Ave, Tampa, FL 33604
      View Details
    • $2,300,000
      6,780 SF

      Spacious Industrial Building on Large Lot

      6,780 SF commercial building on 1.8-acre lot in Tampa.
      5802 N Occident St, Tampa, FL 33614
      View Details

    FAQs

    What type of property is this?
    Office units - Turnkey commercial property with modern updates and flexible zoning.
    Where is this office units located?
    The property is located at 7311 N Armenia Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Completely remodeled, **turnkey commercial property ready for immediate use.**; - CG (Commercial General) zoning allows for diverse business applications (offices, medical, retail, service).; - Features three kitchenettes and three full bathrooms, ideal for multi-tenant use.
    (813) 843-7766
    Request Owner's contact information
    7311 N Armenia Ave Tampa, FL 33604
    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.
    7311 N Armenia Ave
    Tampa, FL 33604
    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
    7311 N Armenia Ave Tampa, FL 33604
    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

    We can help!
    Listing Contact
    Betty Larralde
    Real Estate License ID: 3112033
    (813) 843-7766
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!