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    3333 Kennedy Blvd Tampa, FL 33609

    Sponsored
    For Lease
    $20 SF/Yr ($4,240 /Mo)

    Two Suites, West Kennedy Blvd.

    Lot size:
    2,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This offering presents two exceptional office condo suites for lease, totaling 2,544 square feet, located at 3333 W Kennedy Blvd in Tampa, FL 33609. Situated in the West Tampa/Tampa Heights Area, these units boast a desirable location with easy access to South Tampa. Each suite offers a unique two-story loft-style layout, ranging from 1,260 to 1,284 square feet. The spaces feature abundant natural light, built-in furniture and cabinetry, private entrances, waiting/reception areas, private restrooms, and conference rooms. The building, Kennedy Oaks Condominium, provides ample on-site surface parking and reserved, covered parking. Mature landscaping and canopy oaks enhance the attractive exterior common areas. Condo fees of $433.80 per unit per month include water, sewer, weekly janitorial services, and roof/structure maintenance. Real estate taxes for 2023 totaled $8,680.44 for both units. The property is zoned CN and sits on a 1.12-acre lot. The building's diverse tenant mix includes medical, accounting, legal, social services, and other professional businesses. These versatile suites are ideal for a variety of professional users, offering immediate occupancy and maximum storage solutions. The property is also available for sale.

    Property Features for 3333 Kennedy Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,544 SF
    Total Rate
    4240

    Unit(s) available at that property

    Space
    Unit 204
    Size
    1,284 SF
    Rate per SF
    $20
    Space
    Unit 203
    Size
    1,260 SF
    Rate per SF
    $20

    HighLights

    • Two 1,260‑1,284 SF office condo suites available for lease in Tampa, FL.
    • High‑traffic location on W. Kennedy Blvd. with 153 feet of frontage.
    • Excellent lease opportunity in a rapidly growing area with high daily traffic counts (30,000).
    • Located between Himes Ave. and MacDill Ave., offering convenient access to major thoroughfares and Tampa International Airport (9 min).
    • Strong demographics: 119,756 people within a 3‑mile radius, average age 40, average household income over $140,000.
    • Condo fees are $433.80/unit/month, including water, sewer, weekly janitorial service, and roof maintenance. 2023 property taxes totaled $8,680.44 for both units.
    Property Profile Location Intelligence

    Current Use by Public Records

    LIONEL&CO. Photography Photography Studio Jason A Tompkins, LCSW Psychotherapist Joshua T Keleske ... Attorney Guard-A-Kid Franchising Photographer Robin Maier Social Worker

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.49864393
    Latitude
    27.94487721

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    FAQs

    What type of property is this?
    Office space - Two Suites, West Kennedy Blvd.
    Where is this office space located?
    The property is located at 3333 Kennedy Blvd Tampa, FL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Two 1,260-1,284 SF office condo suites available for lease in Tampa, FL.; High-traffic location on W. Kennedy Blvd. with 153 feet of frontage.; Excellent lease opportunity in a rapidly growing area with high daily traffic counts (30,000).
    Request Owner's contact information
    3333 Kennedy Blvd Tampa, FL 33609
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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.

    More about this property
    3333 Kennedy Blvd Tampa, FL 33609
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