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Property profile & analytics
OFF-MARKET Estimated value $1,435,000
Manufacturing properties

120 Commerce Blvd Oldsmar, FL 34677-2811

10,360 SF 1.12 ac lot Built 1988
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-9291387
Property summary
AI-generated overview

This 10,511 square foot Class C office building, situated on a 1.01-acre lot in Oldsmar, Florida, presents a compelling leasing opportunity. Built in 1988, the property is conveniently located at 120 Commerce Blvd, just one block north of Tampa Road, offering easy access to both Tampa and North Pinellas County. The building features multiple tenancies, with 2,100 square feet currently available for lease. The available space includes a recently renovated area boasting six offices, an ADA-compliant bathroom, a dry bar, and a 324 square foot warehouse complete with a drive-in roll-up door. Ample parking is provided with 25 spaces on-site. The property's retail and office zoning allows for diverse business applications. Prominent signage opportunities are available above the storefront, enhancing visibility and brand recognition. The property is located in Pinellas County, Florida, with a zip code of 34677. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space with warehouse capabilities in a thriving area.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Construction CONCRETE BLOCKS
Total area 10,360 SF
Lot 1.12 ac (48,953 SF)
APN 23-28-16-81882-005-0090
UPID US18-9291387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Strata Communications Inc Telecommunications Service General Contractor
  • Jana’s Cafe Restaurant
  • FitSmart Gym & Fitness Center
  • Wendie G. Ent, LMHC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.44M
Owner & transaction history
Glenn Bergoffen · 18 yrs held
Glenn Bergoffen
since 2007
2 recorded transactions
2007
$2.7M
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.3M +32.6%
Warehouse, storage $2.2M +29.5%
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