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    5106 Armenia Ave Tampa, FL 33603

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    For Sale
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    Prime Tampa medical office, 2,040 sq ft

    Property size:
    2,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-story, 2,040-square-foot medical office building in Tampa, Florida, presents a unique investment opportunity for owner-users or investors seeking a strong return. Located at 5106 N Armenia Ave, Ste 2, this Class B property boasts a desirable location across from St. Joseph's and AdventHealth hospitals, offering convenient access to a significant patient base and medical professionals. Built in 1982, the building features one unit with ample parking (12 spaces) and a private courtyard. The interior layout is well-suited for medical practices, including four exam rooms, each equipped with plumbed sinks, a reception area, a kitchen, and a bathroom. Additional open space allows for expansion or customization to meet specific needs. The property is zoned for medical use and offers a 6.5% cap rate, making it an attractive investment prospect. The building is professionally managed, ensuring a high standard of maintenance and operational efficiency. This property is ideal for a medical practice seeking a convenient, well-equipped space or an investor looking for a stable, high-yield asset in a thriving healthcare market. The Hillsborough County location, with its proximity to other major medical facilities like Kindred Hospital Central Tampa, further enhances its appeal. This is a 1031 exchange eligible property. The APN is 106606.0506.

    Property Features for 5106 Armenia Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,040 SF
    Class
    B

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 2,040 SF single‑story medical office building in Tampa, FL.
    • Located at 5106 N Armenia Ave, Ste 2, across from St. Joseph's and AdventHealth hospitals.
    • Class B building with 12 parking spaces and a private courtyard.
    • Features four exam rooms with plumbed sinks, reception area, kitchen, and bathroom.
    • 6.5% cap rate, 1031 exchange eligible, APN 106606.0506.
    Property Profile Location Intelligence

    Current Use by Public Records

    Palma Ceia Eye ... Ophthalmologist Jose Miguel Pro-Landazuri Ophthalmologist Dr. Ralph Rydell Neurosurgeon Tampa Medical Care, ... Medical Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.484430310735
    Latitude
    27.992896838892

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    FAQs

    What type of property is this?
    Medical office - Prime Tampa medical office, 2,040 sq ft
    Where is this medical office located?
    The property is located at 5106 Armenia Ave Tampa, FL.
    What are key features of this property?
    This property features: 2,040 SF single-story medical office building in Tampa, FL.; Located at 5106 N Armenia Ave, Ste 2, across from St. Joseph's and AdventHealth hospitals.; Class B building with 12 parking spaces and a private courtyard.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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
    5106 Armenia Ave Tampa, FL 33603
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