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    Industrial Flex Facility with Showroom Title is generated by Realmo AI

    9945 RACE TRACK ROAD, Tampa, FL 33626

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    For Sale
    $2,693,480

    Industrial - TAMPA, FL

    Type:Industrial
    Property size:
    15,844 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $170/SF
    Added:
    May 14, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 9945 RACE TRACK ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Zoning
    CI
    Standard status
    Active
    APN
    U-19-28-17-9FS-000000-C0000.0
    Size
    15,844 SF
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    30247

    Building Details

    Year built
    2000
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Alexander Lucke

    Listing agent Alexander Lucke License #3351552

    Listing office KELLER WILLIAMS TAMPA PROP. 5020 W Linebaugh Ave, Tampa, FL

    Listing date May 14, 2026

    MLS# TB8508609 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 15,844 SF industrial/flex building on 45,738 SF of land built in 2000
    • Over 240 feet of direct frontage on Racetrack Road with traffic counts exceeding 19,200 AADT
    • Warehouse and operational area totals approximately 13,364 SF with 16’ clear to beam and 18’–21’ clear to ceiling
    • Loading includes two 8’ x 8’ receiving doors, one 12’ x 12’ overhead door, six 12’ x 16’ grade‑level overhead doors, and three 7’ x 14’ receiving doors
    • Two covered drive‑through loading/carport areas with canopy heights up to approximately 20’
    • Serviced by 480‑volt three‑phase power with multiple electrical panels; front includes ~1,570 SF showroom/display plus ~964 SF second‑floor mezzanine office

    Overview

    9945 Racetrack Road presents a rare owner-user industrial/flex opportunity with a combined warehouse, showroom, office, and covered loading configuration. Built in 2000, the metal-frame facility features a steel frame metal roof system and includes approximately 13,364 square feet of warehouse and operational space with clear heights of about 16 feet to the beam and 18 to 21 feet to the ceiling. Loading is well equipped with two 8’ x 8’ receiving doors, one 12’ x 12’ overhead door, six oversized 12’ x 16’ grade-level overhead doors, and three 7’ x 14’ receiving doors, plus two covered drive-through loading/carport areas with canopy heights around 20 feet.

    The property offers over 240 feet of direct frontage along Racetrack Road, a highly traveled arterial. It is positioned for strong visibility and signage exposure and provides access to Tampa Road, Hillsborough Avenue, and the Veterans Expressway. The building is currently owner-occupied by Quality Plus Cleaners and will be delivered vacant at closing, supporting immediate occupancy.

    With its combination of industrial capacity, multiple loading options, and dedicated showroom/display and office space—including an estimated 1,570 square feet of showroom/display with attached office and a second-floor mezzanine-style office overlooking the warehouse—this site is well suited to users that need both operations and customer-facing presence in one facility. Zoned CI, it offers a practical platform for an operator looking for efficient workflow and established functionality.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $290.9k $18.36
    − Vacancy −$16.0k −$1.01
    EGI $274.9k $17.35
    − OpEx −$41.2k −$2.60
    NOI $233.7k $14.75
    15,844 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.34M
    $2.92M – $3.89M (±1% cap)
    NOI $233,662 @ 7.0% cap · market cap 8.68%
    Second Best
    Office B
    $3.08M
    $2.69M – $3.59M (±1% cap)
    NOI $215,320 @ 7.0% cap · market cap 7.99%
    Theoretical Best
    Office A
    $3.69M
    $3.23M – $4.31M (±1% cap)
    NOI $258,384 @ 7.0% cap · market cap 9.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quality Plus Cleaners (Bike/Boat/Book/etc) Store 9945 Race Track ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Similar Places Nearby

    • LOKO Cuisine — 107 Dunbar Ave, Oldsmar, FL 34677

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.64798
    Latitude
    28.039868

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    FAQs

    What type of property is this?
    Flex space - Owner-user industrial flex with high-clear warehouse, showroom/office, and multiple grade-level and receiving doors along a high-traffic corridor.
    Where is this flex space located?
    The property is located at 9945 RACE TRACK ROAD Tampa, FL.
    What is the asking price?
    The asking price for this property is $2,693,480.
    What are key features of this property?
    This property features: Approximately 15,844 SF industrial/flex building on 45,738 SF of land built in 2000; Over 240 feet of direct frontage on Racetrack Road with traffic counts exceeding 19,200 AADT; Warehouse and operational area totals approximately 13,364 SF with 16’ clear to beam and 18’–21’ clear to ceiling
    (727) 410-2896
    We can help!
    Listing Contact
    Alexander Lucke
    Real Estate License ID: 3351552
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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.

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