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    Property profile & analytics

    13650 N 12Th St Tampa, FL 33613

    • Showrooms
    • 12,000 SF
    • 2.26 lot acres
    For Sale
    View listing
    $6,290,000
    Last Sale
    Feb 17, 2022
    $1,499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4466745
    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

    • JR Cash Four Cars / Junkyard
    • American Bio-Waste Solutions / Waste Management Service
    • L&J Service Centers / Repair Service
    • Shin Global Cabinets and Stone / Cabinet Store

    Property Details for 13650 N 12Th St

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    2.26 lot acres
    Property size
    12,000 SF
    Zone code
    CG
    Property type
    Showrooms
    APN
    U062819ZZZ000001275800
    APU
    U062819ZZZ000001275800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,530,000
      ML approach
      $1,570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,700,000
      6.5%
      $2,490,000
      7%
      $2,315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,488,000
      Market price range: $395k - $1.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4487
    Latitude
    28.0706
    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
    $22,290
    $524,767
    $707,433
    $1,232,200
    -
    $524,767
    $707,433
    $1,232,200

    Comparable in this City

    • Value Estimation
      $400,000
      13,423 SF

      1111 140th Ave

      SHOW ROOM, WAREHOUSE • 13,423 SF
      1111 140th Ave, Tampa, FL 33613-3423
      View Details
    • Value Estimation
      $425,000
      14,700 SF

      1034 Skipper Rd

      SHOW ROOM, WAREHOUSE • 14,700 SF
      1034 Skipper Rd, Tampa, FL 33613-2333
      View Details
    • Value Estimation
      $305,000
      4,050 SF

      1201 139th Ave

      SHOW ROOM, WAREHOUSE • 4,050 SF
      1201 139th Ave, Tampa, FL 33613-4215
      View Details
    • Value Estimation
      $515,000
      10,260 SF

      14730 Nebraska Ave

      SHOW ROOM, WAREHOUSE • 10,260 SF
      14730 Nebraska Ave, Tampa, FL 33613-1446
      View Details
    • Value Estimation
      $390,000
      11,907 SF

      1030 Skipper Rd

      SHOW ROOM, WAREHOUSE • 11,907 SF
      1030 Skipper Rd, Tampa, FL 33613-2333
      View Details
    • Value Estimation
      $330,000
      5,196 SF

      14211 Florida Ave

      SHOW ROOM, WAREHOUSE • 5,196 SF
      14211 Florida Ave, Tampa, FL 33613-2171
      View Details

    Similar Nearby for Sale

    • $6,290,000
      12,000 SF

      Tampa Manufacturing/Retail Opportunity

      Manufacturing and retail property in Tampa, Florida.
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      View Details
    • $2,200,000
      1,568 SF

      Retail Property Near USF

      NNN leased retail property near USF and major retailers.
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    • $2,250,000
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      Prime Tampa Commercial Land

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      Income-Generating Duplex Near USF

      Remodeled duplex, successful Airbnb, near USF, ideal for investors.
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      Tampa Land Development Opportunity

      Vacant land parcel in growing Tampa area, ideal for development.
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    • $1,375,000
      4,624 SF

      Tampa Multifamily Investment Opportunity

      16-unit apartment building in Tampa's University District, 100% occupied.
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    Similar Nearby for Lease

    • $24 SF/Yr
      5,000 SF

      Veterinary Hospital Space Available

      5,000 SF veterinary hospital space for lease.
      198 E Bearss Ave, Tampa, FL 33613
      View Details
    • $152,604

      Office/Retail Space Available For Rent

      Office and retail space available for lease.
      202 E Bearss Ave, Tampa, FL 33613
      View Details
    • Contact for pricing
      3,100 SF

      Retail Property Near USF

      Retail space with high visibility near USF.
      2253-2291 E Bearss Ave, Tampa, FL 33613
      View Details
    • Contact for pricing
      7,612 SF

      Retail Space in Tampa Center

      Retail space available in Winn-Dixie anchored shopping center.
      2526-2560 E Bearss Ave, Tampa, FL 33613
      View Details
    • Contact for pricing
      1,467 SF

      Office Space Available For Rent

      Former law firm space with reception, offices, and conference room.
      14517 N 18Th St, Tampa, FL 33613
      View Details
    • $60,000

      Class A Office Complex

      Multi-tenant office complex in Tampa's Lake Magdalene.
      15434 N Florida Ave, Tampa, FL 33613
      View Details
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    13650 N 12Th St
    Tampa, FL 33613
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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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