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    1001 Saint Petersburg W Dr Oldsmar, FL 34677-3333
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    Property profile & analytics

    1001 Saint Petersburg W Dr, Oldsmar, FL 34677-3333

    View on Map
    • Office buildings
    • 6,298 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Mar 11, 2024
    $545,000
    Property ID
    US18-3869788
    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.
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1001 Saint Petersburg W Dr

    Year built
    1997
    Construction
    CONCRETE BLOCKS
    Lot size
    0.44 lot acres
    Property type
    Office buildings
    APN
    23-28-16-63936-058-0040
    APU
    232816639360580040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 18, 2024 — Ghs Marina LLC — Deed · related $1.5M · Bank Of America NA
    Mar 11, 2024 $545,000 Ghs Marina LLC G & H Summerfield Crossings INC Special Warranty Deed —
    Mar 7, 2018 $915,000 G & H Summerfield Crossings In North Shore LLC Warranty Deed —
    Sep 1, 2004 $700,000 North Shore LLC Brenzo,joseph D Warranty Deed $568k · Amsouth Bank
    May 2, 1997 $80,000 Joseph D Brenzo Brenzo & Taylor Air Condition Grant Deed · related $248k · First Union Nat'l Bank Florida
    — — North Shore LLC — Deed Of Trust · related $4k · Dean C & Donald A Kapolka

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $545,000
      ML approach
      $545,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6782
    Latitude
    28.0367
    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
    $14,493
    $0.00
    $0.00
    $835,000
    -
    $132,382
    $702,618
    $835,000

    Comparable in this City

    • Value Estimation
      $2,435,000
      10,464 SF

      309 State E St

      OFFICE BUILDING
      309 State E St, Oldsmar, FL 34677-3628
      View Details
    • Value Estimation
      $6,840,000
      40,469 SF

      4033 Tampa Rd

      OFFICE BUILDING (MULTI-STORY)
      4033 Tampa Rd, Oldsmar, FL 34677-3224
      View Details
    • Value Estimation
      $800,000
      3,971 SF

      3885 Tampa Rd

      OFFICE BUILDING
      3885 Tampa Rd, Oldsmar, FL 34677-3122
      View Details
    • Value Estimation
      $7,200,000
      39,114 SF

      3986 Tampa Rd

      OFFICE BUILDING (MULTI-STORY)
      3986 Tampa Rd, Oldsmar, FL 34677-3207
      View Details
    • Value Estimation
      $2,755,000
      9,897 SF

      3711 Tampa Rd

      OFFICE BUILDING
      3711 Tampa Rd, Oldsmar, FL 34677-6309
      View Details
    • Value Estimation
      $1,190,000
      5,070 SF

      170 State E St

      OFFICE BUILDING
      170 State E St, Oldsmar, FL 34677-3662
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,291 SF

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      Class B office condo with recent upgrades and pond view.
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    • Contact for pricing
      7,052 SF

      7,052 SF Flex Space Available

      Flex space with office, fenced lot, and multiple doors.
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    • $435,000

      Corner Office Condo Investment Opportunity

      Class A office condo in Oldsmar, fully leased to national firm.
      300 State St East, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      3,178 SF

      Oldsmar Office Space Available

      Office space for lease in Cypress Lakes Office Complex.
      180 Pine Ave N, Oldsmar, FL 34677
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      High-Visibility Office Space in Oldsmar

      6,000 SF office building for lease on Tampa Road.
      4020 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $48,020

      Professional Office Space For Lease

      Professional office space suitable for medical or general office use.
      3180 Curlew Rd, Oldsmar, FL 34677
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    • $31 SF/Yr
      36,123 SF

      Park Avenue Plaza: Oldsmar Retail Space

      Prime Oldsmar retail space, multiple units available.
      4022 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Versatile Space in High-Traffic Location

      1050 SF space suitable for medical, office, or retail.
      3906 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Oldsmar Flex Space Available

      Flex space with dock-high warehouse and garden office.
      4023 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Spaces on Tampa Road

      Retail spaces available in Oldsmar, excellent visibility and access.
      4022-4058 Tampa Rd, Oldsmar, FL 34677
      View Details
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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.

    More about this property
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