Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5880 Fowler Ave Tampa, FL 33617

    • Office Properties & Spaces
    • 2,700 SF
    • 1.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM (Wells Fargo Bank) / Atm
    • Wells Fargo Advisors / Investment Service

    Property Details for 5880 Fowler Ave

    Year built
    1979
    Lot size
    1.73 lot acres
    Property size
    2,700 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional redevelopment opportunity presents a 2,700 square foot, single-unit office building situated on a 1.73-acre lot in Tampa, Florida. Located at 5880 E Fowler Ave, 33617, this property boasts a prime location within a thriving retail hub, ensuring high foot traffic and excellent sales potential. Built in 1979, the building is currently vacant and move-in ready, offering a meticulously maintained space perfect for customization to suit diverse business needs. The property benefits from existing Department of Transportation approval, streamlining operational efficiency. A unique aspect of this offering is a two-year restriction on financial institutions, presenting a distinct advantage over comparable properties. The surrounding area demonstrates strong demographics, with a 5-mile radius encompassing a population of 237,874, 75,356 in income, and 81,352 employees. This presents a compelling investment opportunity for businesses seeking to establish a presence in a high-growth area of Tampa. The asking price for this property is $2,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.39
    Latitude
    28.0549

    Comparable in this City

    • Value Estimation
      $115,000
      500 SF

      8058 56th St, Unit 1

      CONDOMINIUM OFFICES • 500 SF
      8058 56th St, Tampa, FL 33617-7620
      View Details
    • Value Estimation
      $330,000
      1,456 SF

      13250 56th St Ste, Unit 202

      CONDOMINIUM OFFICES • 1,456 SF
      13250 56th St Ste, Temple Terrace, FL 33617-1167
      View Details
    • Value Estimation
      $445,000
      2,112 SF

      11814 56th St, Unit 7

      CONDOMINIUM OFFICES • 2,112 SF
      11814 56th St, Temple Terrace, FL 33617-1698
      View Details
    • Value Estimation
      $440,000
      2,072 SF

      6255 Fowler Ave, Unit 1

      CONDOMINIUM OFFICES • 2,072 SF
      6255 Fowler Ave, Temple Terrace, FL 33617-3304
      View Details
    • Value Estimation
      $1,205,000
      27,253 SF

      9385 56th St Ste, Unit 100

      CONDOMINIUM OFFICES • 27,253 SF
      9385 56th St Ste, Temple Terrace, FL 33617-5505
      View Details
    • Value Estimation by Request
      80,963 SF

      13101 Telecom Dr

      Office space • 80,963 SF
      13101 Telecom Dr, Temple Terrace, FL 33617
      View Details

    Similar Nearby for Sale

    • $350,000
      1,515 SF

      Tampa Office Space for Sale

      Prime location, 1515 sq ft, high visibility.
      13220 56Th St, Tampa, FL 33617
      View Details
    • $2,400,000

      Tampa Office Building For Sale

      Office building for sale located in Tampa, Florida.
      11602 North 51St St, Tampa, FL 33617
      View Details
    • $484,000
      1,898 SF

      Temple Terrace Office Suite For Sale

      Second-floor office suite in Temple Terrace, built in 2007.
      13250 N 56Th St, Temple Terrace, FL 33617
      View Details
    • $350,000
      0.40 Acres

      Waterfront Lot on Hillsborough River

      Residential land with waterfront views, ideal for building a home.
      E River Hills Dr, Temple Terrace, FL 33617
      View Details
    • Contact for pricing
      30,000 SF

      Tampa Industrial Space - 30,000 SF

      Heavy production facility, ideal for manufacturing.
      11111 46Th St, Tampa, FL 33617
      View Details
    • $500,000

      Land for Sale

      Land available in Temple Terrace, Florida.
      7810 Terrace Oaks Ct, Temple Terrace, FL 33617
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      34,134 SF

      Terrace Ridge Office Suites

      Temple Terrace Office Space Available
      5321 Fowler Ave, Temple Terrace, FL 33617
      View Details
    • $400,000

      Tampa Office Space For Rent

      Office spaces available in Tampa, from 100 to 7000 square feet.
      7402 N 56Th St, Tampa, FL 33617
      View Details
    • $30,000

      Upscale Office Space For Lease

      Professional office suite in Terrace Oaks, prime Fowler Avenue location.
      6953 E Fowler Ave, Temple Terrace, FL 33617
      View Details
    • $16 SF/Yr
      25,584 SF

      Office/Flex Space in University Park

      25,584 SF office/flex space near USF and Moffitt.
      10770 N 46Th St, Tampa, FL 33617
      View Details
    • Contact for pricing
      1,670 SF

      Retail, Medical, or Office Space

      Retail, medical, or office spaces available near University of South Florida.
      2701-2711 University Square Dr, Tampa, FL 33617
      View Details
    • $22 SF/Yr
      6,230 SF

      Temple Terrace Medical Office Space

      2,128 SF Medical Office for Lease in Florida
      9806 56Th St, Temple Terrace, FL 33617
      View Details
    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.
    5880 Fowler Ave
    Tampa, FL 33617
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.