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    Waterfront Commercial Development Opportunity Title is generated by Realmo AI

    8002 N FLORIDA AVENUE, Tampa, FL 33604

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    For Sale
    $1,999,999

    Prime location on Hillsborough River, suitable for diverse commercial ventures.

    Type:Commercial
    Property size:
    2,404 SF
    Price / SF:
    $831/SF
    Added:
    Apr 20, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 20 at 8:22 pm

    Property Features for 8002 N FLORIDA AVENUE

    General Information

    Standard status
    Active
    Size
    2,404 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1953

    We can help!

    Listing Contact
    ARCHIE CAMPBELL, III

    Listing agent ARCHIE CAMPBELL, III

    Listing office RE/MAX ACTION FIRST OF FLORIDA

    Listing date Apr 20, 2026

    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 RE/MAX ACTION FIRST OF FLORIDA

    HighLights

    • Prime waterfront development opportunity with 85+ feet of Hillsborough River frontage in Seminole Heights.
    • Zoned SH‑CI, allowing for retail, restaurant, office, or mixed‑use development up to 4 stories.
    • High visibility location on North Florida Avenue.
    • Potential to combine with adjacent property (MLS #TB8497603) for over 165 feet of river frontage and 21,000 sq ft of buildable area.
    • Quick access to I‑275, Downtown Tampa, and popular attractions.
    • Located in a desirable, walkable neighborhood.

    Overview

    This 2,404-square-foot commercial building is positioned on the corner of North Florida Avenue, adjacent to the Hillsborough River. Currently used as a law office, the property is zoned SH-CI, which allows for retail, restaurant, office, or mixed-use developments. The zoning promotes intensive commercial development, accommodating a range of retail, professional offices, and commercial services, aligning with the Seminole Overlay District's design standards. Building heights of up to 4 stories are permitted, supporting a mix of retail and office spaces on the ground floor with residential units above. The property features over 85 feet of frontage on the Hillsborough River and a depth of 116 feet. Combining it with the adjacent property at 103 Stanley, which has 80 feet of river frontage and is 151 feet deep, would create over 165 feet of Hillsborough River frontage and 21,000 square feet for development. The location provides quick access to I-275 and Downtown Tampa, and is minutes from attractions such as Armature Works, Amalie Arena, the Channel District, Riverwalk, the Straz Performing Arts Center, Raymond James Stadium, Busch Gardens, and the Lowery Park Zoo. The property is surrounded by dining spots, boutique shops, and local businesses, offering high visibility and walkability in a desirable neighborhood.
    Location Intelligence

    Current Use by Public Records

    Aida Rodriguez Attorney ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.45975
    Latitude
    28.020634

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    FAQs

    What type of property is this?
    Storefront property - Prime location on Hillsborough River, suitable for diverse commercial ventures.
    Where is this storefront property located?
    The property is located at 8002 N FLORIDA AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: Prime waterfront development opportunity with **85+ feet of Hillsborough River frontage in Seminole Heights.**; Zoned SH‑CI, allowing for retail, restaurant, office, or mixed‑use development up to 4 stories.; High visibility location on North Florida Avenue.
    (813) 749-0875
    We can help!
    Listing Contact
    ARCHIE CAMPBELL, III
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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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