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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    113 Delaware Ave Tampa, FL 33606-1429

    • Retail space
    • 1,435 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2021
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    6.3%
    Retail space
    Location Intelligence
    Property ID
    US18-5077879
    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

    • goldplaited Tampa / Hair Salon

    Property Details for 113 Delaware Ave

    Year built
    1917
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    1,435 SF
    Zone code
    PD-A
    Property type
    Retail space
    APN
    A2329184S2000019000020
    APU
    A2329184S2000019000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $265,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $169,000
      Market price range: $169k - $476k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $320,000
      Current use
      MEDICAL BUILDING
      $390,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $375,000
      Change: +17% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $275,000
      Change: -13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $275,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4699
    Latitude
    27.9453
    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
    $2,417
    $65,664
    $52,091
    $117,755
    -
    $65,664
    $52,091
    $117,755

    Comparable in this City

    • Value Estimation
      $270,000
      1,250 SF

      402 Howard Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      402 Howard Ave, Tampa, FL 33606-1511
      View Details
    • Value Estimation
      $300,000
      3,871 SF

      232 Davis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,871 SF
      232 Davis Blvd, Tampa, FL 33606-3729
      View Details
    • Value Estimation
      $1,040,000
      1,310 SF

      204 Howard Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,310 SF
      204 Howard Ave, Tampa, FL 33606-1727
      View Details
    • Value Estimation
      $340,000
      4,500 SF

      2102 Kennedy Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      2102 Kennedy Blvd, Tampa, FL 33606
      View Details
    • Value Estimation
      $290,000
      1,547 SF

      203 Platt St

      RETAIL STORES (PERSONAL SERVICES) • 1,547 SF
      203 Platt St, Tampa, FL 33606-2313
      View Details
    • Value Estimation
      $305,000
      1,660 SF

      408 Howard Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,660 SF
      408 Howard Ave, Tampa, FL 33606-2036
      View Details

    Similar Nearby for Sale

    • $7,100,000
      10,942 SF

      Tampa Office/Retail Condo with Parking

      Office/retail condominium with high visibility, water views, and parking.
      142 W Platt St, Tampa, FL 33606
      View Details
    • $7,100,000

      Hyde Park Office/Retail Condominium

      Office/retail condominium in Hyde Park with water views.
      142 And 2, Tampa, FL 33606
      View Details
    • $698,000
      Pending

      Prime South Tampa Commercial Property

      Commercial property in South Tampa near Hyde Park Village.
      304 S Westland Ave, Tampa, FL 33606
      View Details
    • $1,475,000

      Prime Commercial Building Near Downtown

      2,660 SF building near downtown Tampa with business potential.
      1902 W Cass St, Tampa, FL 33606
      View Details
    • Contact for pricing

      South Tampa Restaurant Portfolio

      Three prime SoHo restaurant locations
      811 Howard Ave, Tampa, FL 33606
      View Details
    • $750,000
      6,630 SF

      Soho District Parking Lot

      Developed parking lot in Tampa's Soho District for sale.
      103 S Howard Ave, Tampa, FL 33606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,711 SF

      Retail/Restaurant Space Near University of Tampa

      Freestanding retail or restaurant opportunity in a prime location.
      504 W Grand Central Ave, Tampa, FL 33606
      View Details
    • $52 SF/Yr
      22,455 SF

      Tampa Retail/Office Space For Rent

      High-visibility retail/office space near University of Tampa and Downtown.
      830 W Kennedy Blvd, Tampa, FL 33606
      View Details
    • Contact for pricing

      Retail Spaces on Swann Avenue

      Retail spaces available in Tampa with high daytime population.
      2100 W Swann Ave, Tampa, FL 33606
      View Details
    • $34 SF/Yr
      2,280 SF

      South Tampa Retail Opportunity

      Prime retail location with flexible space and high visibility.
      2108 West Kennedy Blvd, Tampa, FL 33606
      View Details
    • Contact for pricing
      9,572 SF

      Retail Space in North Hyde Park

      New retail development in Tampa's growing North Hyde Park.
      202 N Rome Ave, Tampa, FL 33606
      View Details
    • Contact for pricing
      6,953 SF

      Tampa Office Space - Platt Street

      South Tampa Office: 3,600 SF Available
      2102 Platt St, Tampa, FL 33606
      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.
    113 Delaware Ave
    Tampa, FL 33606-1429
    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.