Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12899 Race Track Rd Tampa, FL 33626
    Back to Search
    Property profile & analytics

    12899 Race Track Rd Tampa, FL 33626

    View on Map
    • Land
    • 0.93 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 12899 Race Track Rd

    Lot size
    0.93 lot acres
    Property type
    Land

    Description

    This exceptional 0.93-acre commercial land parcel, identified as U-07-28-17-ZZZ-000000-27080, presents a prime development opportunity in Tampa's thriving Westchase area. Located on Race Track Road within the Hampton Lakes Development, this shovel-ready site boasts 182 feet of frontage, offering excellent visibility and accessibility. The property is zoned PD, allowing for a diverse range of uses including retail, office, residential, or hotel development. High-density zoning permits buildings up to 65 feet tall with zero setbacks, maximizing development potential. Mixed-use projects and drive-thrus are encouraged. The Westchase community is a well-established master-planned area encompassing over 2,000 acres with 3,478 homes. This strategic location provides convenient access to a wealth of amenities, including a Winn-Dixie, Starbucks, Bank of America, and numerous restaurants and businesses. Furthermore, the property enjoys proximity to Tampa International Airport, the Westshore Business District, and Downtown Tampa, all within a 20-30 minute commute. The asking price for this exceptional development opportunity is $1,800,000. Three pads are available for development. This is a rare opportunity to acquire a highly versatile commercial parcel in a prime location.

    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
    -82.634
    Latitude
    28.0682

    Comparable in this City

    • Value Estimation
      $2,020,000
      10,435 SF

      13925 Lynmar Blvd

      SHOW ROOM, WAREHOUSE • 10,435 SF
      13925 Lynmar Blvd, Tampa, FL 33626-3124
      View Details
    • Value Estimation
      $2,935,000
      14,735 SF

      13909 Lynmar Blvd

      SHOW ROOM, WAREHOUSE • 14,735 SF
      13909 Lynmar Blvd, Tampa, FL 33626-3124
      View Details
    • Value Estimation
      $2,330,000
      19,298 SF

      13917 Lynmar Blvd

      SHOW ROOM, WAREHOUSE • 19,298 SF
      13917 Lynmar Blvd, Tampa, FL 33626-3124
      View Details
    • Value Estimation
      $1,795,000
      14,648 SF

      13906 Lynmar Blvd

      SHOW ROOM, WAREHOUSE • 14,648 SF
      13906 Lynmar Blvd, Tampa, FL 33626-3123
      View Details
    • Value Estimation
      $1,875,000
      10,384 SF

      13913 Lynmar Blvd

      SHOW ROOM, WAREHOUSE • 10,384 SF
      13913 Lynmar Blvd, Tampa, FL 33626-3124
      View Details
    • Value Estimation
      $3,785,000
      10.76 Acres

      13321 Linebaugh Ave

      VACANT COMMERCIAL LAND • 26,796 SF
      13321 Linebaugh Ave, Tampa, FL 33626
      View Details

    Similar Nearby for Sale

    • $900,000
      Pending

      Commercial Land on Countryway Boulevard

      Commercial land available for sale on Countryway Boulevard.
      10941 Countryway Blvd, Tampa, FL 33626
      View Details
    • $380,000
      1.10 Acres

      Equestrian Lot in Twin Branch

      1.10-acre agricultural lot in equestrian community, build your dream home!
      Twin Branch Acres Rd, Tampa, FL 33626
      View Details
    • Contact for pricing
      150,000 SF

      Tampa Bay Industrial Manufacturing Facility

      Move-in-ready 150,000 SF manufacturing space on 38 acres.
      13750 Reptron Blvd, Tampa, FL 33626
      View Details
    • Contact for pricing
      11,625 SF

      Westchase Surgery Center For Sale

      Outpatient surgical facility in Hillsborough County, Florida.
      10901 Sheldon Rd, Tampa, FL 33626
      View Details
    • $895,000
      3,189 SF

      Professional Office Building on Gunn Highway

      Well-maintained office building in a desirable Tampa location.
      8345 Gunn Hwy, Tampa, FL 33626
      View Details
    • $1,499,900

      Retail Space For Sale

      Retail space built in 2005, priced at $1,499,900.
      10960 Sheldon Rd, Tampa, FL 33626
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tampa Freestanding Retail Opportunity

      Former drive-thru QSR in Westchase area available for lease.
      12981 Race Track Rd, Tampa, FL 33626
      View Details
    • Contact for pricing

      Tampa Bay Flex/Industrial Space

      Garden office/light industrial park in Tampa Bay area.
      12824 Dupont Cir, Tampa, FL 33626
      View Details
    • Contact for pricing

      Tampa Bay Business Park Rental

      Garden office and light industrial space in Tampa Bay.
      12700 Dupont Cir, Tampa, FL 33626
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Sheldon Road

      Retail space for lease in a mixed-use development.
      11901-11935 Sheldon Rd, Tampa, FL 33626
      View Details
    • Contact for pricing
      1,650 SF

      Turnkey Medical Office Sublet

      Medical office available for sublet with high visibility signage.
      12601-12625 Race Track Rd, Tampa, FL 33626
      View Details
    • Contact for pricing
      10,000 SF

      Westchase Retail or Medical Space

      Retail or medical space in high-demand Westchase market.
      12702 Race Track Rd, Tampa, FL 33626
      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.
    12899 Race Track Rd
    Tampa, FL 33626
    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
    12899 Race Track Rd, Tampa, FL, 33626
    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!