12233 Florida Ave Tampa, FL 33612-4270
- Office buildings
- 15,547 SF
- 1.72 lot acres
Mar 21, 2025
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
-
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
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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