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Property profile & analytics

12233 Florida Ave Tampa, FL 33612-4270

  • Office buildings
  • 15,547 SF
  • 1.72 lot acres
OFF-MARKET
Last Sale
Mar 21, 2025
$2,800,000
Value Estimations
$2,565,000
Show details
Cap Rate Potential
9.4%
Office buildings
Location Intelligence
Property ID
US19-0670055
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

  • Linda C. Clark P.A. / Law Firm
  • Wells Fargo ATM / Atm
  • Wells Fargo Bank / Bank / Loan Service
  • ARE YOU SAFE, INC / Charitable Organization / Social Service Agency
  • Anything Locks / Building Supply / Hardware & Home Improvement

Property Details for 12233 Florida Ave

Year built
1989
Construction
WOOD
Lot size
1.72 lot acres
Property size
15,547 SF
Zone code
PD
Property type
Office buildings
APN
U12281810P000000000021
APU
U12281810P000000000021

Description

This exceptional 13,858-square-foot commercial property, situated on 1.71 acres in Tampa's Greater Carrollwood Area, presents a unique investment opportunity. Built in 1989 and renovated in 2013, this two-story building offers flexible space ideal for traditional office, medical office, or coworking uses. The property features two suites of approximately 6,900 square feet each, allowing for single-tenant occupancy or division. Boasting 56 parking spaces (4.45 per 1,000 sq ft), an elevator, and a prime location at the signalized intersection of N. Florida Avenue and E. 124th Avenue, this property benefits from high visibility and excellent signage opportunities. The building enjoys a daily traffic count of approximately 38,000 vehicles on N. Florida Avenue, a major thoroughfare. Its strategic location offers convenient access to Interstate 275 and is just 15 minutes from downtown Tampa, Westchase, and New Tampa. The surrounding area is thriving, with a dense population (13,717 within 1 mile, 318,000 within 5 miles), and includes numerous businesses such as car dealerships (including Tesla), banks, restaurants, and other retail establishments. The property is zoned PD-O (Planned Development - Office) and offers modern amenities including multi-unit HVAC. This is a rare opportunity to acquire a well-maintained, high-traffic commercial building in a rapidly growing area.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,145,000
    ML approach
    $2,070,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $3,380,000
    6.5%
    $3,120,000
    7%
    $2,900,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,458,000
    Market price range: $2.46M - $4.54M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $3,280,000
    Current use
    MEDICAL BUILDING
    $4,205,000
    Change: +28% Conversion: Easy
    NEIGHBORHOOD: SHOPPING CENTER
    $4,045,000
    Change: +23% Conversion: Difficult
    RETAIL STORES
    $3,450,000
    Change: +5% Conversion: Moderate
    AUTO REPAIR, GARAGE
    $3,000,000
    Change: -9% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $2,960,000
    Change: -10% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Tampa
County
Hillsborough
State
Florida
Longitude
-82.4588
Latitude
28.0596
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
$22,383
$1,123,725
$118,475
$1,242,200
-
$1,123,725
$118,475
$1,242,200
More about this property
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