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    Prime Commercial Location on Kennedy Title is generated by Realmo AI

    3202 W KENNEDY BOULEVARD, Tampa, FL 33609

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    For Sale
    $5,200,000

    Two office buildings on W. Kennedy Blvd. for sale.

    Type:Commercial
    Property size:
    4,676 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $1,112/SF
    Added:
    Sep 20, 2025
    Days on Market:
    259
    Last Refresh:
    May 11 at 1:18 am

    Property Features for 3202 W KENNEDY BOULEVARD

    General Information

    Standard status
    Active
    Size
    4,676 SF
    Lot size
    0.43 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1974

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    Listing Contact
    TINA MARIE ELOIAN
    TINA MARIE ELOIAN

    Listing agent TINA MARIE ELOIAN License #653748

    Listing office FLORIDA COMMERCIAL GROUP

    Listing date Sep 20, 2025

    Source Corcoran

    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

    • Prime location with 220' frontage directly on W. Kennedy Blvd.
    • High traffic count of 31,000 average daily traffic.
    • Excellent demographics: ~119,756 people within a 3‑mile radius with an average HH income over $140,306.
    • Two professional office buildings suitable for investment or owner/user.
    • Convenient access to major highways, I‑275, and the Selmon Expressway; 9 minutes to Tampa International Airport.
    • Surrounded by numerous commercial and residential developments and amenities.

    Overview

    Located on W. Kennedy Blvd., this commercial site features 220 feet of frontage. The property includes two professional office buildings suitable for investment or owner/user opportunities. Situated between the signalized intersections of Himes Avenue and MacDill Avenue, the location benefits from an average daily traffic count of 31,000. The area is experiencing commercial and residential growth, surrounded by new developments. The site is located approximately 9 minutes from Tampa International Airport, 3 minutes from Interstate 275 South, and 2.4 miles west of the Selmon Expressway. Within a 3-mile radius, the population is approximately 119,756 people with an average age of 40, and the average household income exceeds $140,306. The 4,676 square foot site is near AdventHealth- South Tampa, Memorial Hospital, Bank of America, Western Union, 5th/3rd Bank, TD Bank, Bank of Central Tampa, FedEx, UPS, Office Depot, T-Mobile, CVS, The Vitamin Shoppe, Whole Foods Market, ABC Fine Wine and Spirits, Sherwin Williams, Jiffy Lube, Advanced Auto, Sunoco Gas, Mobil Gas Station, 7-Eleven, Wawa, Bolay, Chick-Fil-A, Einstein Bagels, Alessi Bakery, Krispy Kreme, Dunkin’, Papa John’s, Burger King, Village Inn, Outback Steak House, Acropolis Greek Taverna, Miguel’s Mexican Grill, Yummy House, Carrabba’s Italian Grill, J. Alexander’s, Shells Restaurant, Press Box Sports Bar, LA Fitness, and Anytime Fitness. The highest and best use is commercial retail or professional office, offering potential for exposure and growth along the W. Kennedy Blvd. corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medi-Weightloss Tampa Wellness Center Optical Outlets Physician Dr. Denyse Ramesar Physician Dr. Gretchen Sanmiguel Pediatrician Jennifer Buzzett Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.496
    Latitude
    27.9446

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    FAQs

    What type of property is this?
    Office building - Two office buildings on W. Kennedy Blvd. for sale.
    Where is this office building located?
    The property is located at 3202 W KENNEDY BOULEVARD Tampa, FL.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: Prime location with **220' frontage directly on W. Kennedy Blvd.**; High traffic count of 31,000 average daily traffic.; Excellent demographics: ~119,756 people within a 3‑mile radius with an average HH income over $140,306.
    (813) 935-9600
    We can help!
    Listing Contact
    TINA MARIE ELOIAN
    TINA MARIE ELOIAN
    Real Estate License ID: 653748
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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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