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    Channelside Towers Condo with Bay View Title is generated by Realmo AI

    449 S 12TH STREET 1903, Tampa, FL 33602

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    Claim this Listing
    For Sale
    $1,099,900

    Condo with water views, balcony, and premium building amenities.

    Type:Condo/Townhome
    Property size:
    1,571 SF
    Price / SF:
    $700/SF
    Added:
    Mar 23, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 6 at 1:21 am

    Property Features for 449 S 12TH STREET 1903

    General Information

    Standard status
    Active
    Size
    1,571 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Molly Nye
    Molly Nye

    Listing agent Molly Nye License #3101992

    Listing office CENTURY 21 BILL NYE REALTY

    Listing date Mar 23, 2026

    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 CENTURY 21 BILL NYE REALTY

    HighLights

    • Unparalleled water views from a spacious 225 sq ft balcony, overlooking Sparkman Wharf and cruise ship activity.
    • Prime location in The Towers of Channelside, offering walkability to restaurants, shops, entertainment, and attractions like Sparkman Wharf and Amalie Arena.
    • Secure building with 24‑hour guard, concierge, and HOA including cable, internet, water, trash, flood, and building insurance.
    • Two oversized parking spaces conveniently located next to the elevators, plus climate‑controlled storage.
    • St. Thomas floor plan with 2 bedrooms, 2.5 bathrooms, split plan with dual master suites, and balcony access from each bedroom.
    • Building amenities include an infinity pool with waterfalls, heated spa, catering kitchen, indoor/outdoor bar and clubhouse, gas grills, and a 5th‑floor dog walk.

    Overview

    Located in The Towers of Channelside, this 19th-floor condo offers views and a location near restaurants, shops, and entertainment. The St. Thomas floor plan includes 2 bedrooms, 2.5 bathrooms, and a 225-square-foot balcony overlooking Sparkman Wharf and the bay. The unit features wood floors, granite countertops, stainless steel appliances, and a laundry room with space for a full-sized washer and dryer. The layout is a split plan with dual master suites, each providing balcony access. The property includes a climate-controlled storage room and two parking spaces located next to the elevators. Building amenities include an infinity pool with waterfalls, a heated spa, a catering kitchen, an indoor/outdoor bar and clubhouse with billiards table, TVs, and lounge areas, and gas grills. A dog walk is located on the 5th floor. The HOA fee covers cable, internet, water, trash, 24-hour guard, concierge service, flood, and building insurance. The property is located across the street from Sparkman Wharf, with access to Ybor City via free trolley, St. Pete via the Crossbay Ferry, and Amalie Arena. The Straz Center for Performing Arts, museums, the Riverwalk, and Water Street are also nearby. Publix, a boat club, and Harbour Island are within walking distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    motekandmore (Bike/Boat/Book/etc) Store The Towers Condominium Complex William Holms Author (Bike/Boat/Book/etc) Store Doctors On Calls Medical Group Culture Discovery Cruises Travel Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4484424
    Latitude
    27.9441003

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    FAQs

    What type of property is this?
    Residential income property - Condo with water views, balcony, and premium building amenities.
    Where is this residential income property located?
    The property is located at 449 S 12TH STREET 1903 Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,099,900.
    What are key features of this property?
    This property features: Unparalleled water views from a spacious 225 sq ft balcony, overlooking Sparkman Wharf and cruise ship activity.; Prime location in The Towers of Channelside, offering walkability to restaurants, shops, entertainment, and attractions like Sparkman Wharf and Amalie Arena.; Secure building with 24‑hour guard, concierge, and HOA including cable, internet, water, trash, flood, and building insurance.
    (813) 782-5506
    We can help!
    Listing Contact
    Molly Nye
    Molly Nye
    Real Estate License ID: 3101992
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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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