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    Property profile & analytics

    1217 Tech Blvd Tampa, FL 33619-7833

    • Warehouses
    • 30,268 SF
    • 1.71 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2024
    $2,700,000
    Value Estimations
    $2,810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5074176
    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

    • Vulcan Machine / Machine Shop
    • Talon Innovations / Machine Shop
    • Ichor Systems / Welding Gas Supplier

    Property Details for 1217 Tech Blvd

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.71 lot acres
    Property size
    30,268 SF
    Zone code
    IPD-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U172920ZZZ000002508700
    APU
    U172920ZZZ000002508700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,700,000
      ML approach
      $2,700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,680,000
      6.5%
      $4,320,000
      7%
      $4,010,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3324
    Latitude
    27.9627
    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
    $39,166
    $513,279
    $1,722,621
    $2,235,900
    -
    $513,279
    $1,722,621
    $2,235,900

    Comparable in this City

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      $1,230,000
      249,932 SF

      3701 Cswy Blvd

      MINI-WAREHOUSE, STORAGE • 249,932 SF
      3701 Cswy Blvd, Tampa, FL 33619-5115
      View Details
    • Value Estimation
      $840,000
      66,909 SF

      8100 Broadway Ave

      MINI-WAREHOUSE, STORAGE • 66,909 SF
      8100 Broadway Ave, Tampa, FL 33619-2253
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    • Value Estimation
      $420,000
      4,400 SF

      105 Falkenburg Rd

      MINI-WAREHOUSE, STORAGE • 4,400 SF
      105 Falkenburg Rd, Tampa, FL 33619-8025
      View Details
    • Value Estimation
      $555,000
      4,880 SF

      601 Falkenburg Rd

      MINI-WAREHOUSE, STORAGE • 4,880 SF
      601 Falkenburg Rd, Tampa, FL 33619-8017
      View Details
    • Value Estimation
      $480,000
      18,185 SF

      3423 Prt Sutton Rd

      MINI-WAREHOUSE, STORAGE • 18,185 SF
      3423 Prt Sutton Rd, Tampa, FL 33619-9625
      View Details
    • Value Estimation
      $380,000
      645 SF

      Regional Water Ln

      MINI-WAREHOUSE, STORAGE • 645 SF
      Regional Water Ln, Tampa, FL 33619
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,230 SF

      Tampa Industrial Warehouse - 28,230 SF

      Prime East Tampa distribution/manufacturing space.
      1030 86Th St, Tampa, FL 33619
      View Details
    • $2,280,000
      8,280 SF

      Renovated Warehouse with Modern Showroom

      Meticulously renovated warehouse with showroom in high-traffic East Tampa/Brandon.
      109 N Falkenburg Rd, Tampa, FL 33619
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    • $4,890,000

      Palm River Industrial Warehouse

      Tampa, FL: 51,599 SF Warehouse
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    • $4,890,000
      51,599 SF

      Palm River Industrial Site

      2.14-acre industrial site with two warehouse buildings.
      5208 Saint Paul St, Tampa, FL 33619
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    • Contact for pricing
      38,475 SF

      Industrial Warehouse with Outdoor Storage

      Spacious warehouse with office, truck well, and outdoor storage.
      1127 S 56Th St, Tampa, FL 33619
      View Details
    • $4,750,000
      19,200 SF

      Port-Adjacent Industrial Portfolio For Sale

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    Similar Nearby for Lease

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      121,600 SF

      East Tampa Industrial Space For Lease

      121,600 SF Manufacturing/Warehouse
      3719 Corporex Park Dr, Tampa, FL 33619
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    • $14 SF/Yr
      1,800 SF

      Tampa Flex Space For Lease

      1,800 SF Industrial Space Available
      2433 86Th St, Tampa, FL 33619
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      25,020 SF

      7840 Communications Lane Warehouse

      25,020 SF Warehouse, Ample Parking
      7840 Communications Ln, Tampa, FL 33619
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    • Contact for pricing
      96,250 SF

      Industrial Space Available For Lease

      96,250 SF industrial space available for lease.
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    • Contact for pricing
      180,400 SF

      New Warehouse Space Available

      180,400 SF warehouse space available for lease in Q4 2024.
      6701 Lakeview Center Dr, Tampa, FL 33619
      View Details
    • $11 SF/Yr
      14,640 SF

      Tampa Warehouse Space Available

      Available warehouse space in Tampa, Florida.
      5102-5126 Causeway Blvd, Tampa, FL 33619
      View Details
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    1217 Tech Blvd
    Tampa, FL 33619-7833
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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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