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    4200 Armenia Ave Tampa, FL 33607

    For Sale
    $1,500,000

    Prime Tampa location, vacant, 6,071 SF

    Property size:
    6,071 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 6,071-square-foot Class B medical office condo in Tampa, Florida, currently vacant and available for immediate occupancy. Located at 4200 N Armenia Ave - Suite 1 & 2, this property boasts two units totaling 6,071 square feet, situated on a 29,588-square-foot lot. Built in 1987, the building is ideally suited for medical practices, featuring a lobby/waiting area, exam rooms, staff break room, and ample storage. The property's strategic location within a half-mile radius of St. Joseph's Hospital and St. Joseph's Women's Hospital, and just 0.9 miles from Kindred Hospital, provides unparalleled access to a major healthcare network. This is a Net Net Net (NNN) lease opportunity, offering significant potential for investors seeking a strong return in a high-demand market. The asking price is $1,500,000. The property is zoned for medical use and offers a rare chance to acquire a well-positioned medical office building in a thriving Tampa Bay area. Don't miss this chance to own a piece of Tampa's healthcare real estate landscape.

    Property Features for 4200 Armenia Ave

    General Information

    Property type
    Medical offices
    Square Feet
    6,071 SF
    Class
    B

    Building Details

    Year Built
    1987
    Units
    2

    HighLights

    • $1,500,000 asking price for a vacant 6,071 SF Class B medical office condo.
    • Located in Tampa, FL at 4200 N Armenia Ave - Suite 1 & 2, Hillsborough County, 33607.
    • Two units, built in 1987, on a 29,588 SF lot.
    • NNN lease type.
    • Excellent investment opportunity near St. Joseph's Hospital and other major healthcare facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mohamed El-Rabbany Oral And Maxillofacial Surgeon Psoriasis Treatment Center Doctor FCI Breastfeeding Health Consultant Dr. Victoria Palermo Dentist Oleg Kalsow Oral And Maxillofacial Surgeon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4853213
    Latitude
    27.9792397

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    FAQs

    What type of property is this?
    Medical office - Prime Tampa location, vacant, 6,071 SF
    Where is this medical office located?
    The property is located at 4200 Armenia Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for a vacant 6,071 SF Class B medical office condo.; Located in Tampa, FL at 4200 N Armenia Ave - Suite 1 & 2, Hillsborough County, 33607.; Two units, built in 1987, on a 29,588 SF lot.
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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
    4200 Armenia Ave Tampa, FL 33607
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