Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Westshore District Office Building Title is generated by Realmo AI

    4950 W Kennedy Blvd, Tampa, FL 33609

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Six-story office building in the heart of Westshore Business District.

    Type:Office
    Added:
    Feb 26, 2021
    Days on Market:
    1926
    Last Refresh:
    May 12 at 9:00 pm

    Property Features for 4950 W Kennedy Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 4950 W Kennedy Blvd Contact us

    Suite 200 $30/Mo

    Size
    3,400 SF
    Type
    Office
    Contact us

    Suite 230 $32/Mo

    Size
    3,000 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    F. Sanford Mahr

    Listing agent F. Sanford Mahr License #FL

    Listing office TMC - The Mahr Company

    Listing date Feb 26, 2021

    Source Crexi

    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 TMC - The Mahr Company

    HighLights

    • High‑visibility location with potential monument signage facing Kennedy Blvd (47,000 daily drivers).
    • Secure, six‑story office building in the Westshore Business District.
    • Convenient access to I‑275, Veterans Expressway, and Tampa International Airport.
    • On‑site full‑service bank branch with drive‑thru and ATM.
    • Ample office parking.
    • Adjacent to a brand new Publix and across the street from Westshore Mall.

    Overview

    Kennedy Square is a six-story office building located in the Westshore Business District. The building offers secure access and a tenant mix that includes both large corporate tenants and smaller professional companies. Ample office parking is available. The location provides convenient access to I-275, the Veterans Expressway, and Tampa International Airport. A full-service bank branch with a drive-thru and ATM is located on-site. A new Publix is located next door, and Westshore Mall is across the street. The property has potential availability on a new monument sign that is visible to 47,000 daily drivers on Kennedy Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gardner Law Firm Law Firm Berkshire Hathaway HomeServices ... Real Estate Agency Chris Galvis, Realtor Real Estate Agency Charley Parrish - Realtor® Real Estate Agency Nanette Mateo Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -82.527869
    Latitude
    27.944445

    Nearby Similar for Lease

    • $41 SF/Yr
      2,192 SF

      Tampa Medical Office For Lease

      Freestanding medical office building in desirable South Tampa location.
      608 S TAMPANIA AVENUE, TAMPA, FL 33609
      View Details
    • $2,153/Mo
      1,292 SF

      Gunn Highway Commercial Space

      Versatile commercial space in high-traffic location on Gunn Highway.
      4435 GUNN HIGHWAY, TAMPA, FL 33618
      View Details
    • $39 SF/Yr
      1,888 SF

      Retail Space in Growing Tampa

      Commercial space in Tampa's active growth corridor with build-out options.
      2018 GRANT STREET, TAMPA, FL 33605
      View Details
    • $6,000/Mo
      2,280 SF

      Downtown Tampa Commercial Office Space

      High-visibility office space in the heart of Downtown Tampa.
      1006 N FLORIDA AVENUE, TAMPA, FL 33602
      View Details
    • $4,000/Mo
      5,129 SF

      Charming Bungalow Office Conversion

      1922 bungalow converted to professional office space for rent.
      5409 N FLORIDA AVENUE, TAMPA, FL 33604
      View Details
    • $1,800/Mo
      900 SF

      Tampa Retail/Office Space Available

      Professionally maintained commercial plaza with flexible layout options.
      1412 W WATERS AVENUE, TAMPA, FL 33604
      View Details
    • $2,750/Mo
      1,690 SF

      Furnished Corner Office Space Available

      Move-in ready, furnished office with flexible lease terms near I-275.
      1046 W BUSCH BOULEVARD, TAMPA, FL 33612
      View Details
    • $3,000/Mo
      1,274 SF

      Turnkey Office Condo in Tampa

      Professional office condo for lease in a prime Tampa location.
      5404 HOOVER BOULEVARD, TAMPA, FL 33634
      View Details
    • $2 SF/Yr
      1,356 SF

      Class A Office Space Available

      Premium office space in Tampa Bay's convenient business district.
      2701 N ROCKY POINT DRIVE, TAMPA, FL 33607
      View Details
    • $52 SF/Yr
      1,400 SF

      Versatile Retail Space in Tampa

      Adaptable space near Gasworx, Ybor City, and Downtown Tampa.
      2024 GRANT STREET, TAMPA, FL 33605
      View Details
    • $19 SF/Yr
      1,500 SF

      Tampa Retail or Office Space

      1500 sqft retail/office space with offices, kitchen, bathroom, open area.
      14202 N NEBRASKA AVENUE, TAMPA, FL 33613
      View Details
    • $6,500/Mo
      3,480 SF

      Tampa Commercial Space with Patio

      2,000 SF commercial space with outdoor seating area.
      3918 N BOULEVARD, TAMPA, FL 33603
      View Details

    FAQs

    What type of property is this?
    Office building - Six-story office building in the heart of Westshore Business District.
    Where is this office building located?
    The property is located at 4950 W Kennedy Blvd Tampa, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location with potential monument signage facing Kennedy Blvd (47,000 daily drivers).; Secure, six‑story office building in the Westshore Business District.; Convenient access to I‑275, Veterans Expressway, and Tampa International Airport.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    F. Sanford Mahr
    Real Estate License ID: FL
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4950 W Kennedy Blvd, Tampa, FL 33609
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!