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    8501 Sunstate St Tampa, FL 33634

    Sponsored
    For Lease
    Contact for pricing

    Hillsborough County warehouse, 2,259 sq ft.

    Lot size:
    2,259 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional warehouse space, located within the Sunstate Industrial Park in Hillsborough County, presents a fantastic opportunity for businesses seeking efficient and strategically positioned industrial space. The property is classified as industrial, specifically a warehouse, and features a total of 2,259 square feet currently available for lease. The tenancy is multiple, indicating the potential for shared occupancy or division within the space, depending on the tenant's needs. This prime location offers excellent access to major transportation arteries, boasting close proximity to State Road 589 and Interstate 275, ensuring seamless logistics and convenient commutes for employees and clients. The property's position within the airport submarket further enhances its appeal, providing easy access to air freight and travel connections. This warehouse is ideal for a variety of businesses requiring efficient storage and distribution capabilities, benefiting from its strategic location and convenient access to key transportation networks. The specific layout and internal features of the 2,259 square foot space can be discussed further upon request. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is ready for immediate occupancy. This is a rare opportunity to secure a well-located warehouse space in a thriving industrial area.

    Property Features for 8501 Sunstate St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,259 SF

    Unit(s) available at that property

    Space
    8509 Sunstate Street - suite 103
    Size
    2,259 SF

    HighLights

    • Industrial warehouse space available in Hillsborough County.
    • 2,259 square feet available for lease.
    • Multi‑tenant building.
    • Located in the Airport submarket with convenient access to SR 589 and I‑275.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5280414
    Latitude
    28.0294438

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    FAQs

    What type of property is this?
    Distribution property - Hillsborough County warehouse, 2,259 sq ft.
    Where is this distribution property located?
    The property is located at 8501 Sunstate St Tampa, FL.
    What are key features of this property?
    This property features: Industrial warehouse space available in Hillsborough County.; 2,259 square feet available for lease.; Multi-tenant building.
    Request Owner's contact information
    8501 Sunstate St Tampa, FL 33634
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    Tampa, FL 33634
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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.

    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
    8501 Sunstate St Tampa, FL 33634
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