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

    11802 Dl Mabry Hwy Tampa, FL 33618-3506

    • Retail space
    • 32,004 SF
    • 5.10 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2024
    $10,500,000
    Value Estimations
    $10,500,000
    Show details
    Cap Rate Potential
    3.6%
    Retail space
    Location Intelligence
    Property ID
    US18-4487989
    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

    • Barnes & Noble / (Bike/Boat/Book/etc) Store

    Property Details for 11802 Dl Mabry Hwy

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.10 lot acres
    Property size
    32,004 SF
    Zone code
    PD
    Property type
    Retail space
    APN
    U092818ZZZ000000838800
    APU
    U092818ZZZ000000838800

    Description

    This exceptional 63,771 square foot medical office building, situated on a 5.1-acre lot in Tampa, Florida, presents a unique investment opportunity. The property, located at 11802 N Dale Mabry Hwy, boasts a prominent location with high visibility and ample parking for 177 vehicles. Currently configured as a single-tenant building, 31,766 square feet of space is immediately available for lease. The building is zoned PD, offering flexibility for a variety of medical uses. The property's substantial size and prime location make it ideal for a large medical practice, a multi-tenant medical facility, or a combination of both. The existing infrastructure provides a solid foundation for immediate occupancy or extensive renovations to suit specific needs. With its convenient access to major roadways and a thriving Tampa community, this property offers significant potential for growth and return on investment. The Hillsborough County location ensures easy access to a large patient base and a robust support network for medical professionals. This is a rare opportunity to acquire a substantial medical office building in a high-demand area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,500,000
      ML approach
      $10,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,472,000
      Market price range: $3.77M - $10.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,105,000
      Current use
      RESTAURANT
      $15,430,000
      Change: +117% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $11,740,000
      Change: +65% Conversion: Difficult
      MEDICAL BUILDING
      $8,650,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $8,325,000
      Change: +17% Conversion: Moderate
      OFFICE BUILDING
      $7,305,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5055
    Latitude
    28.0563
    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
    $125,098
    $3,267,037
    $3,982,463
    $7,249,500
    -
    $3,267,037
    $3,982,463
    $7,249,500

    Comparable in this City

    • Value Estimation
      $910,000
      5,384 SF

      10320 Dl Mabry Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,384 SF
      10320 Dl Mabry Hwy, Tampa, FL 33618-4439
      View Details
    • Value Estimation
      $1,100,000
      4,408 SF

      3830 Gunn Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,408 SF
      3830 Gunn Hwy, Tampa, FL 33618-8720
      View Details
    • Value Estimation by Request
      2,940 SF

      4053 Gunn Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,940 SF
      4053 Gunn Hwy, Tampa, FL 33618-8723
      View Details
    • Value Estimation
      $1,045,000
      6,750 SF

      14901 Dl Mabry Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,750 SF
      14901 Dl Mabry Hwy, Tampa, FL 33618-1801
      View Details
    • Value Estimation
      $1,610,000
      3,015 SF

      15324 Dl Mabry Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,015 SF
      15324 Dl Mabry Hwy, Tampa, FL 33618-1819
      View Details
    • Value Estimation
      $1,640,000
      17,600 SF

      3920 Gunn Hwy

      RETAIL STORES (PERSONAL SERVICES) • 17,600 SF
      3920 Gunn Hwy, Tampa, FL 33618-8722
      View Details

    Similar Nearby for Sale

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      Turnkey retail market in high-traffic Carrollwood location on Gunn Hwy.
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      Established Salon/Barber Shop in Tampa

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      Private lakefront property near Avila, 20 minutes from Downtown Tampa.
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      Land For Sale

      Land available for sale.
      15605 N Himes Ave, Tampa, FL 33618
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Retail Space in Tampa Center

      Retail space available in Publix-anchored shopping center on Dale Mabry.
      10023-10235 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Carrollwood Corridor

      Retail space for rent in a high-traffic Tampa location.
      11780-11784 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing
      1,612 SF

      Retail Space on Dale Mabry

      Retail space available for lease on Dale Mabry Highway.
      15692 N Dale Mabry Hwy, Tampa, FL 33618
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    • Contact for pricing
      4,975 SF

      Retail Space Available For Lease

      Retail space available for lease in Tampa, Florida.
      13121 N Dale Mabry Hwy, Tampa, FL 33618
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    • Contact for pricing
      2,033 SF

      Retail Space For Rent

      Retail space available for lease in Tampa, Florida.
      14703 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Dale Mabry

      Retail space available in high-traffic Tampa location.
      10412-10424 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
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    Tampa, FL 33618-3506
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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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