Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Building in High Traffic Area Title is generated by Realmo AI

    3021 W WATERS AVENUE, Tampa, FL 33614

    View on Map
    Claim this Listing
    For Sale
    $2,050,000

    Commercial building with 4,500 sqft in a busy location.

    Type:Commercial/Industrial
    Property size:
    4,500 SF
    Price / SF:
    $455/SF
    Added:
    Apr 19, 2025
    Days on Market:
    408
    Last Refresh:
    May 28 at 6:22 pm

    Property Features for 3021 W WATERS AVENUE

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Vicky Dang

    Listing agent Vicky Dang License #648918

    Listing office TOP SALES REAL ESTATE LLC

    Listing date Apr 19, 2025

    Source Exitrealty

    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 TOP SALES REAL ESTATE LLC

    HighLights

    • High traffic location ideal for commercial use.
    • Large building size: 4,800 sqft total, with 4,500 sqft heated.
    • Two‑unit building offering flexible usage options.
    • Proximity to restaurants and shopping stores.
    • Easy access to I‑275.
    • Convenient location near Tampa International Airport and International Mall.

    Overview

    This commercial building offers an investment opportunity in a high-traffic area. The building has a total area of 4,800 square feet and contains two units. It features 4,500 square feet of heated space. The property is surrounded by restaurants and shopping stores, with convenient access to I-275, Tampa International Airport, and International Mall.
    Location Intelligence

    Current Use by Public Records

    Carlos El Salsero Training Center ZEN Pho & Noodles ... Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    • Antonio Valencia — 2714 W Waters Ave, Tampa, FL 33614
    • Tampa's Florist Inc — 8350 N Armenia Ave B, Tampa, FL 33604
    • Tamps Floral — 8350 N Armenia Ave, Tampa, FL 33604

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4919061
    Latitude
    28.0257003

    Nearby Similar for Sale

    • $780,000
      2,730 SF

      Updated Office Building in Tampa

      Professional office building in prime Carrollwood location with high visibility.
      13506 N ROME AVENUE, TAMPA, FL 33613
      View Details
    • $525,000
      2,112 SF

      Versatile Tampa Medical Office Building

      Move-in ready office building near USF, ideal for investors.
      13308 WINDING OAK COURT, TAMPA, FL 33612
      View Details
    • $1,650,000
      5,242 SF

      High-Exposure Commercial Building Near Busch Gardens

      Two-story commercial building with high visibility and strong income potential.
      3601 E Busch Boulevard, Tampa, FL 33612
      View Details
    • $1,500,000
      2,800 SF

      South Tampa Flex Building

      Flex building with three units, storage, and parking.
      5001 S MACDILL AVENUE, TAMPA, FL 33611
      View Details
    • $1,700,000
      3,990 SF

      Versatile Tampa Office Investment Opportunity

      Adaptable commercial space near St. Joseph's Hospital and Tampa Airport.
      4109 N ARMENIA, TAMPA, FL 33607
      View Details
    • $695,000
      3,000 SF

      Versatile Office Condo in Tampa

      Two-story office condo with flexible space in Carrollwood submarket.
      3816 GUNN HIGHWAY, TAMPA, FL 33618
      View Details
    • $879,000
      1,435 SF

      Luxury Garage Condominium in Tampa

      Customizable 1,435 SF garage condo in premier motorsports community.
      6500 MOTOR ENCLAVE WAY, TAMPA, FL 33610
      View Details
    • $575,000
      1,528 SF

      Versatile Mixed-Use Property in Tampa

      High-visibility commercial property with flexibility and upside potential.
      2807 LOCICERO DRIVE, TAMPA, FL 33619
      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 STREET, TAMPA, FL 33614
      View Details
    • $895,000
      3,189 SF

      Professional Office Building on Gunn Highway

      Well-maintained office building in a desirable Tampa location.
      8345 GUNN HIGHWAY, TAMPA, FL 33626
      View Details
    • $1,482,000

      Tampa Liquor and Cigar Business

      Established liquor and cigar business in a high-traffic Tampa location.
      BRUCE B DOWNS BOULEVARD, TAMPA, FL 33647
      View Details
    • $499,900
      1,200 SF

      Established Tire Business in Tampa

      Profitable tire shop with real estate included in Tampa, Florida.
      5120 N 22ND STREET, TAMPA, FL 33610
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building with 4,500 sqft in a busy location.
    Where is this storefront property located?
    The property is located at 3021 W WATERS AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: High traffic location ideal for commercial use.; Large building size: **4,800 sqft total, with 4,500 sqft heated.**; Two‑unit building offering flexible usage options.
    (727) 644-1770
    We can help!
    Listing Contact
    Vicky Dang
    Real Estate License ID: 648918
    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
    3021 W WATERS AVENUE, TAMPA, FL 33614
    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!