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
    Property profile & analytics

    8501 Sunstate St Tampa, FL 33634

    • Warehouses
    • 31,518 SF
    • 2.72 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4586756
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 8501 Sunstate St

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    2.72 lot acres
    Property size
    31,518 SF
    Zone code
    M
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U202818ZZZ000000927700
    APU
    U202818ZZZ000000927700

    Description

    This exceptional warehouse space, located within the Sunstate Industrial Park in Hillsborough County, presents a fantastic opportunity for businesses seeking efficient and strategically positioned industrial space. The property is classified as industrial, specifically a warehouse, and features a total of 2,259 square feet currently available for lease. The tenancy is multiple, indicating the potential for shared occupancy or division within the space, depending on the tenant's needs. This prime location offers excellent access to major transportation arteries, boasting close proximity to State Road 589 and Interstate 275, ensuring seamless logistics and convenient commutes for employees and clients. The property's position within the airport submarket further enhances its appeal, providing easy access to air freight and travel connections. This warehouse is ideal for a variety of businesses requiring efficient storage and distribution capabilities, benefiting from its strategic location and convenient access to key transportation networks. The specific layout and internal features of the 2,259 square foot space can be discussed further upon request. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is ready for immediate occupancy. This is a rare opportunity to secure a well-located warehouse space in a thriving industrial area.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5279
    Latitude
    28.0297
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,230
    $851,479
    $2,039,921
    $2,891,400
    -
    $851,479
    $2,039,921
    $2,891,400

    Comparable in this City

    • Value Estimation by Request
      4,021 SF

      6126 Waters Ave

      MINI-WAREHOUSE, STORAGE • 4,021 SF
      6126 Waters Ave, Tampa, FL 33634
      View Details
    • Value Estimation by Request
      9,953 SF

      5424 Waters Ave

      MINI-WAREHOUSE, STORAGE • 9,953 SF
      5424 Waters Ave, Tampa, FL 33634-1209
      View Details
    • Value Estimation by Request
      36,857 SF

      8516 Sunstate St

      MINI-WAREHOUSE, STORAGE • 36,857 SF
      8516 Sunstate St, Tampa, FL 33634-1312
      View Details
    • Value Estimation
      $1,755,000
      11,530 SF

      6018 Emma St

      MINI-WAREHOUSE, STORAGE • 11,530 SF
      6018 Emma St, Tampa, FL 33634
      View Details
    • Value Estimation by Request
      9,030 SF

      5018 Tampa W Blvd

      MINI-WAREHOUSE, STORAGE • 9,030 SF
      5018 Tampa W Blvd, Tampa, FL 33634-2412
      View Details
    • Value Estimation by Request
      21,615 SF

      6005 Anderson Rd

      MINI-WAREHOUSE, STORAGE • 21,615 SF
      6005 Anderson Rd, Tampa, FL 33634-5421
      View Details

    Similar Nearby for Sale

    • $2,400,000
      21,800 SF

      All Steel Storage Portfolio

      Two self-storage facilities in Tampa and Umatilla, Florida.
      5904 Johns Rd, Tampa, FL 33634
      View Details
    • $1,400,000
      4,928 SF

      Tampa Auto Repair Shop - $1.4M

      Prime Tampa location, 4,928 sq ft.
      5014 Clark Ave, Tampa, FL 33634
      View Details
    • $399,900
      1,274 SF

      Turnkey Office Condo in Tampa

      Professional office condo for sale in Tampa's commerce park.
      5404 Hoover Blvd, Tampa, FL 33634
      View Details
    • $1,100,000
      3,014 SF

      Two-Story Commercial Building For Sale

      Two-story commercial building in Tampa, ideal for medical or wellness.
      5519 Hanley Rd, Tampa, FL 33634
      View Details
    • $150,000
      2,000 SF

      Tampa Auto Repair Shop - Turnkey Operation

      Established Auto Repair Business, High Traffic Area, Excellent Visibility
      6131 Anderson Rd, Tampa, FL 33634
      View Details
    • $1,100,000
      3,014 SF

      Tampa Mixed-Use Commercial Building

      High-Visibility, Income-Producing Property in Tampa
      5519 Hanley Rd, Tampa, FL 33634
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,641 SF

      Tampa Jetport Industrial Space

      Flexible Tampa warehouse/manufacturing space.
      0 Benjamin Rd. & Jetport Industrial Blvd, Tampa, FL 33634
      View Details
    • Contact for pricing
      18,022 SF

      Tampa Warehouse Space Available

      18,022 square foot warehouse space for lease in Tampa.
      6610 Anderson Rd, Tampa, FL 33634
      View Details
    • Contact for pricing
      2,250 SF

      Tampa Warehouse Near Airport

      Industrial space in Airport Industrial Park, Tampa, Florida.
      5101-5119 W Rio Vista Ave, Tampa, FL 33634
      View Details
    • Contact for pricing
      100,698 SF

      Industrial Space Available For Lease

      Industrial space available for lease, ranging from 30,000 to 100,698 SF.
      6101 Johns Rd, Tampa, FL 33634
      View Details
    • $10 SF/Yr
      2,296 SF

      Tampa Warehouse Space Available

      2296 square foot warehouse space for rent in Tampa.
      6807 Benjamin Rd, Tampa, FL 33634
      View Details
    • $15 SF/Yr
      6,890 SF

      Industrial Space Available For Lease

      Industrial space for lease in Tampa, Florida.
      5433 W Sligh Ave, Tampa, FL 33634
      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.
    8501 Sunstate St
    Tampa, FL 33634
    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.

    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
    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.