Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4507-4517 Giddens Ave Tampa, FL 33610
    Property profile & analytics

    4507-4517 Giddens Ave Tampa, FL 33610

    View on Map
    • Residential income homes
    • 8,856 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 4507-4517 Giddens Ave

    Year built
    1974
    Property size
    8,856 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a 12-unit multifamily portfolio comprising six duplexes situated on a 30,000 sq ft lot in Tampa, Florida (33610). Built in 1974 and renovated in 2018, the property boasts 8,856 total square feet, with 8,424 net rentable square feet. The six single-story buildings offer 24 parking spaces and are zoned for residential use. Currently operating at 100% occupancy (as of June 19, 2024), the property generates a Net Operating Income (NOI) of $100,408, with a current gross annual rent of $133,356. Each unit features two bedrooms and one bathroom, and tenants are responsible for all utilities. Landlord expenses are limited to landscaping, taxes, and insurance. Individual unit rents vary, with some units currently under market rate, presenting a significant opportunity to increase revenue. The property's prime location offers easy access to major amenities, including shopping centers, gyms, the Hard Rock Casino, Walmart, USF, I-275, I-4, Busch Gardens, and Downtown Tampa. The asking price is $2,200,000, representing $183,333 per unit and a price per square foot of $248.42. Potential seller financing is available with a 50% down payment. This portfolio presents a strong cash flow and significant upside potential in a rapidly growing market.

    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
    -82.4069
    Latitude
    27.9952

    Comparable in this City

    • Value Estimation by Request
      1,350 SF

      2006 Osborne Ave

      BOARDING/ROOMING HOUSE • 1,350 SF
      2006 Osborne Ave, Tampa, FL 33610-6053
      View Details
    • Value Estimation by Request
      1,086 SF

      3103 Dr Martin Luther King Jr Blvd

      BOARDING/ROOMING HOUSE • 1,086 SF
      3103 Dr Martin Luther King Jr Blvd, Tampa, FL 33610-7832
      View Details
    • Value Estimation
      $570,000
      3,620 SF

      4102 Oak Knl Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,620 SF
      4102 Oak Knl Ct, Tampa, FL 33610-2406
      View Details
    • Value Estimation
      $650,000
      5,296 SF

      4900 Moses White Sq

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,296 SF
      4900 Moses White Sq, Tampa, FL 33610-4311
      View Details
    • Value Estimation
      $595,000
      5,689 SF

      2201 Osborne Ave, Unit 99

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,689 SF
      2201 Osborne Ave, Tampa, FL 33610-6258
      View Details
    • Value Estimation by Request
      530 SF

      5319 Olga Tuya Ln

      MOBILE HOME PARK, TRAILER PARK • 530 SF
      5319 Olga Tuya Ln, Tampa, FL 33610
      View Details

    Similar Nearby for Sale

    • $350,000
      Pending

      Tampa Duplex with Oversized Lot

      Fully occupied duplex on a large lot near I4/I75.
      5415 Mcleod Dr, Tampa, FL 33610
      View Details
    • $365,600
      1,404 SF

      Tampa Duplex Investment Opportunity

      Fully occupied duplex in Tampa, offering stable rental income.
      4507 E Giddens Ave, Tampa, FL 33610
      View Details
    • Contact for pricing

      Stabilized Multifamily Property Near Ybor

      Two-unit multifamily property near Ybor City with renovation upgrades.
      2608 E Cayuga St, Tampa, FL 33610
      View Details
    • New
      $399,999
      1,704 SF

      Tampa Duplex: Income Opportunity

      Income-producing duplex in Tampa, ideal for investors or multi-unit buyers.
      4811 N 30Th St, Tampa, FL 33610
      View Details
    • $1,800,000
      6,900 SF

      Renovated Multifamily Property in Tampa

      Turnkey, renovated 10-unit multifamily property in East Tampa.
      3408 East Doctor Martin Luther King Junior Blvd, Tampa, FL 33610
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      125,797 SF

      Harney Road Warehouse For Rent

      125,797 SF warehouse with rail access in Tampa.
      6708 Harney Rd, Tampa, FL 33610
      View Details
    • Contact for pricing
      2,884 SF

      Flex Space Corner Location

      Flex space available for rent in Tampa, Florida.
      5907 Hampton Oaks Pkwy, Tampa, FL 33610
      View Details
    • Contact for pricing
      2,884 SF

      Tampa Office Space Available

      Office space available for rent in Tampa, Florida.
      5907 Hampton Oaks Pkwy, Tampa, FL 33610
      View Details
    • Contact for pricing
      7,170 SF

      Office/Flex/Ind Complex Space Available

      Six-building complex with office, flex, and industrial spaces for rent.
      5903 Hampton Oaks Pkwy, Tampa, FL 33610
      View Details
    • Contact for pricing
      39,019 SF

      Tampa Warehouse Space Available

      39,019 square foot warehouse space for lease in Tampa.
      10606 Tanner Rd, Tampa, FL 33610
      View Details
    • $23 SF/Yr

      Modern Office Space in Tampa

      Exceptional leasing opportunity in East Tampa's vibrant submarket.
      5650 Breckenridge Park Dr, Tampa, FL 33610
      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.
    4507-4517 Giddens Ave
    Tampa, FL 33610
    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
    4507-4517 Giddens Ave, Tampa, FL, 33610
    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!