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

    12941 Memorial Hwy Tampa, FL 33635-9529

    • Warehouses
    • 78,635 SF
    • 12.32 lot acres
    OFF-MARKET
    Value Estimations
    $7,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2930355
    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

    • Millwork 360 LLC / Manufacturer

    Property Details for 12941 Memorial Hwy

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.32 lot acres
    Property size
    78,635 SF
    Zone code
    AS-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U19281706J000000052000
    APU
    U19281706J000000052000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,710,000
      Market price range: $1.86M - $8.55M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $11,860,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.6336
    Latitude
    28.0307
    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
    $125,325
    $767,765
    $6,674,735
    $7,442,500
    -
    $767,765
    $6,674,735
    $7,442,500

    Comparable in this City

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      $4,895,000
      38,750 SF

      11401 Hillsborough Ave

      MINI-WAREHOUSE, STORAGE • 38,750 SF
      11401 Hillsborough Ave, Tampa, FL 33635-9610
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    • Value Estimation
      $1,560,000
      13,064 SF

      13816 Monroes Business Park

      MINI-WAREHOUSE, STORAGE • 13,064 SF
      13816 Monroes Business Park, Tampa, FL 33635-6372
      View Details
    • Value Estimation
      $4,460,000
      35,129 SF

      13850 Hillsborough Ave

      MINI-WAREHOUSE, STORAGE • 35,129 SF
      13850 Hillsborough Ave, Tampa, FL 33635-9755
      View Details
    • Value Estimation
      $14,505,000
      97,476 SF

      12151 Hillsborough Ave

      MINI-WAREHOUSE, STORAGE • 97,476 SF
      12151 Hillsborough Ave, Tampa, FL 33635-9753
      View Details
    • Value Estimation
      $1,025,000
      9,912 SF

      13513 Prestige Pl

      MINI-WAREHOUSE, STORAGE • 9,912 SF
      13513 Prestige Pl, Tampa, FL 33635-9777
      View Details

    Similar Nearby for Sale

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      4.09 Acres

      4+ Acre Land in Tampa

      4+ acre property with entitlements for wine warehouse distribution.
      13025 Memorial Hwy, Tampa, FL 33635
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    • $875,000

      Lakefront Buildable Lot Available

      Lakefront lot suitable for industrial, retail, or office use.
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      1.47 Acres

      Tampa Retail Land Investment Opportunity

      Prime 1.47-acre commercial pad, high traffic.
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    • $1,175,000
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      Waterfront Acreage for Dream Home

      Scenic 5.12-acre waterfront property near Tampa Bay amenities.
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      3.37 Acres

      Equestrian Estate Buildable Land

      3.37 acres of buildable land in Oldsmar, Tampa.
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      Waterfront Acreage for Dream Home

      Scenic 5.12-acre waterfront property near Tampa Bay amenities.
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    Similar Nearby for Lease

    • Contact for pricing
      172,620 SF

      Tampa Bay Industrial Warehouse

      126,000 SF Warehouse Space Available
      13209 Memorial Hwy, Tampa, FL 33635
      View Details
    • Contact for pricing
      103,320 SF

      Available Warehouse Space in Tampa

      103,320 SF warehouse space for rent in Tampa, Florida.
      13209 Memorial Hwy, Tampa, FL 33635
      View Details
    • Contact for pricing
      1,161 SF

      Retail Space in Bayport Commons

      Retail space available in Tampa's growing suburb.
      11665 W Hillsborough Ave, Tampa, FL 33635
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Hillsborough Avenue

      Neighborhood center with high visibility and ample parking available forrent.
      11212-11262 W Hillsborough Ave, Tampa, FL 33635
      View Details
    • $19,148 /Mo

      Move-in Ready Office/Retail Suite

      Single-tenant suite suitable for office or retail use.
      13902 W Hillsborough Ave, Tampa, FL 33635
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space For Rent

      Retail space available for rent in Tampa, Florida.
      8969 Race Track Rd, Tampa, FL 33635
      View Details
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    12941 Memorial Hwy
    Tampa, FL 33635-9529
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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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