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    Flex/Warehouse Space For Lease Title is generated by Realmo AI

    2433 S 86th St, Tampa, FL 33619

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    Centrally located flex/warehouse space with great road exposure.

    Type:Industrial
    Property size:
    23,000 SF
    Lot size:
    6.48 Acres
    Added:
    Apr 13, 2023
    Days on Market:
    1145
    Last Refresh:
    May 12 at 11:04 pm

    Property Features for 2433 S 86th St

    General Information

    Standard status
    Active
    Size
    23,000 SF
    Lot size
    6.48 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2007

    Spaces For Lease

    at 2433 S 86th St Contact us

    Available Space 1 $15/Mo

    Size
    3,600 SF
    Type
    Industrial
    Spacious, Bright and Clean Flex/warehouse space available for Lease. FULLY AIR CONDITIONED,...
    show more
    Contact us

    We can help!

    Listing Contact
    Tina Marie Eloian

    Listing agent Tina Marie Eloian License #BK653748

    Listing office Florida Commercial Group

    Listing date Apr 13, 2023

    Source Crexi

    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 Florida Commercial Group

    HighLights

    • Fully air‑conditioned flex/warehouse space offering 3,600 sf
    • Excellent highway access to I‑4 and I‑75
    • Great road exposure on S 86 St. (Hobbs St)
    • Includes private bathroom and office
    • Secure, fenced property with on‑site parking
    • Grade‑level bay for loading/unloading

    Overview

    This spacious, bright, and clean flex/warehouse space is available for lease. Each fully air-conditioned flex/warehouse space is approximately 3,600 square feet and includes a private bathroom and office. Each unit features one grade-level bay, ideal for loading and unloading. The property is situated on S 86th St (Hobbs St), offering excellent road exposure and numerous possibilities for various commercial uses. Centrally located with convenient access to major highways I-4 and I-75, the parcel occupies a highly visible 6.48-acre lot. The property features a 23,000 square foot free-standing building constructed of block and metal. On-site parking is available, and the property is fenced and secured. Zoned PD, the property is surrounded by other warehouses and big box retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Christian Family Delivery ... Courier Service Florida Home Improvement ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3631051
    Latitude
    27.9248136

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    FAQs

    What type of property is this?
    Flex space - Centrally located flex/warehouse space with great road exposure.
    Where is this flex space located?
    The property is located at 2433 S 86th St Tampa, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Fully air‑conditioned flex/warehouse space offering 3,600 sf; Excellent highway access to I‑4 and I‑75; Great road exposure on S 86 St. (Hobbs St)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tina Marie Eloian
    Real Estate License ID: BK653748
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    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.

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