Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13515 Lk Ter Ln Tampa, FL 33637-1003
    Property profile & analytics

    13515 Lk Ter Ln Tampa, FL 33637-1003

    View on Map
    • Medical Office Space
    • 131,505 SF
    • 26.43 lot acres
    Off-Market
    Last Sale Jan 17, 2023
    $55,100,000
    Property ID
    US18-5182126
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • VA Delta Team Clinic / Physician
    • Hidden River VA Clinic / Medical Clinic
    • Holy Avocado / Restaurant / Cafe & Coffee Shop
    • VA Dental / Dental Office
    • Diana Narvaez / Physician

    Property Details for 13515 Lk Ter Ln

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    26.43 lot acres
    Property size
    131,505 SF
    Zone code
    PD-A
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    A0128191EM000000000020
    APU
    A0128191EM000000000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $47,289,000
      Market price range: $24.3M - $47.3M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $35,550,000
      Current use
      RESTAURANT
      $63,400,000
      Change: +78% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $48,240,000
      Change: +36% Conversion: Moderate
      OFFICE BUILDING
      $36,685,000
      Change: +3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $34,210,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3575
    Latitude
    28.0705
    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
    $635,465
    $8,291,813
    $27,779,287
    $36,071,100
    -
    $8,291,813
    $27,779,287
    $36,071,100

    Comparable in this City

    • Value Estimation
      $13,630,000
      77,784 SF

      13020 Telecom Pkwy

      MEDICAL BUILDING • 77,784 SF
      13020 Telecom Pkwy, Temple Terrace, FL 33637-0925
      View Details
    • Value Estimation
      $3,375,000
      18,938 SF

      13060 Telecom Pkwy

      MEDICAL BUILDING • 18,938 SF
      13060 Telecom Pkwy, Temple Terrace, FL 33637-0925
      View Details
    • Value Estimation
      $1,750,000
      10,621 SF

      13083 Telecom Pkwy

      MEDICAL BUILDING • 10,621 SF
      13083 Telecom Pkwy, Temple Terrace, FL 33637-0926
      View Details
    • Value Estimation
      $6,950,000
      56,295 SF

      12110 Morris Brg Rd

      HOMES (RETIRED, NURSING) • 56,295 SF
      12110 Morris Brg Rd, Temple Terrace, FL 33637-1924
      View Details
    • Value Estimation by Request
      882 SF

      7405 Temple Ter Hwy Ste A

      CONDOMINIUM OFFICES • 882 SF
      7405 Temple Ter Hwy Ste A, Temple Terrace, FL 33637-5786
      View Details
    • Value Estimation by Request
      882 SF

      7401 Temple Ter Hwy Ste C

      CONDOMINIUM OFFICES • 882 SF
      7401 Temple Ter Hwy Ste C, Temple Terrace, FL 33637-5784
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,882 SF

      Medical Office with Comprehensive Buildout

      Equipped medical office space with convenient access and dedicated parking.
      12666-12674 Telecom Dr, Temple Terrace, FL 33637
      View Details
    • $2,000,000
      958 SF

      High-Visibility Corner Frontage Land

      Prime commercial land with exceptional highway visibility.
      12212 Morris Bridge Rd, Temple Terrace, FL 33637
      View Details
    • Contact for pricing

      Highway Frontage Warehouse with Office

      Warehouse with office space and highway frontage for sale.
      7930 Us Highway 301, Tampa, FL 33637
      View Details
    • $1,750,000
      5.01 Acres

      Corner Acreage Near I-75 & I-4

      5.01 acres with 700+ feet of road frontage.
      9014 122Nd Ave, Tampa, FL 33637
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Building in East Tampa

      Prime industrial building in East Tampa with multiple loading options.
      7704 Industrial Ln, Tampa, FL 33637
      View Details
    • $1,599,900
      Pending

      Tampa Retail Development Opportunity

      Prime commercial property approved for convenience store and gas pumps.
      8617 Temple Terrace Hwy, Tampa, FL 33637
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Tampa Telecom

      Office space for lease in a master-planned development.
      13005 Telecom Pkwy N, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      90,000 SF

      Redundant Office Building For Lease

      Move-in ready office building with redundant power systems.
      8800 Hidden River Pkwy, Tampa, FL 33637
      View Details
    • Contact for pricing

      Hidden River

      Discover many ways to work your way in Hidden River
      8875 Hidden Riv Pkwy Lakeview Bldg, Tampa, FL 33637
      View Details
    • $29 SF/Yr
      12,211 SF

      Class A Office Space Available

      Office space for lease in Telecom Park, Temple Terrace.
      13008 Telecom Dr, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      2,510 SF

      Premier Tampa Office Park Space

      High-quality office space in a top corporate park.
      14025 Riveredge Dr, Tampa, FL 33637
      View Details
    • $22 SF/Yr
      6,540 SF

      Furnished Office Space For Rent

      Furnished office space with raised-floor and on-site deli.
      12653 Telecom Dr, Tampa, FL 33637
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13515 Lk Ter Ln
    Tampa, FL 33637-1003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13515 Lk Ter Ln, Tampa, FL, 33637
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!