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    Corner Retail Office Building Title is generated by Realmo AI

    4223 HENDERSON BOULEVARD, Tampa, FL 33629

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    Pending
    $975,000

    Office - TAMPA, FL

    Type:Office
    Property size:
    1,980 SF
    Lot size:
    0.14 Acres
    Added:
    May 27, 2025
    Days on Market:
    375
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 4223 HENDERSON BOULEVARD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    CG
    Security features
    Security System
    Exterior features
    Corner Lot, Paved
    Standard status
    Pending
    APN
    A-28-29-18-3RS-000000-00001.0
    Size
    1,980 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7586

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1958
    Number of units
    1
    Flooring type
    Carpet, Concrete, Vinyl
    Building materials
    Block, Stucco
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Platt
    Kevin Platt

    Listing agent Kevin Platt License #512251

    Listing office SMITH & ASSOCIATES REAL ESTATE 3801 W Bay To Bay Blvd, Tampa, FL

    Listing date May 27, 2025

    MLS# TB8390242 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime South Tampa corner location offers high visibility and accessibility.
    • Concrete building provides a durable and adaptable retail/office space.
    • Signage on building and lighted intersection enhance business exposure.
    • Roll‑up door facilitates easy loading and unloading.
    • Central heating and cooling ensure year‑round comfort.
    • Paved parking area provides convenience for customers and employees.

    Overview

    This corner retail/office site features a concrete building with signage on the structure and one roll-up door. The property is described as needing work, and it is currently owner occupied. The seller will relocate following closing, which supports a straightforward path for the next owner to take possession.

    The building is positioned at a lighted intersection in South Tampa, providing a prominent corner presence. For showings, the property is available by appointment with reasonable notice, subject to the current owner-occupancy.

    This offering can fit buyers looking for a small retail or office property in a CG-zoned location who want a concrete corner building with existing signage and a roll-up door for flexible use. The sale is also structured around the owner’s post-closing relocation, which may reduce downtime between ownership change and re-tenanting or operational setup. Given the note that the building needs work, prospective buyers should plan accordingly for required improvements to support their intended retail or office configuration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Esteem Cleaners (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.51463
    Latitude
    27.926456

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    FAQs

    What type of property is this?
    Retail space - Corner retail/office building with signage and a roll-up door, offered for sale with seller relocation after closing.
    Where is this retail space located?
    The property is located at 4223 HENDERSON BOULEVARD 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: Prime South Tampa corner location offers **high visibility and accessibility**.; Concrete building provides a durable and adaptable retail/office space.; **Signage on building and lighted intersection enhance business exposure**.
    (813) 361-5878
    We can help!
    Listing Contact
    Kevin Platt
    Kevin Platt
    Real Estate License ID: 512251
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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.

    More about this property
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