Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1508 Clark Ave Tampa, FL 33607-2307

    • Auto shops
    • 72,797 SF
    • 24.80 lot acres
    OFF-MARKET
    Value Estimations
    $10,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4194005
    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

    • Jim Walters Park / Park
    • Evelyn Nero Centre Tampa FL / Physician / Medical Clinic
    • Tampa Fleet Maintenance / City Government Office

    Property Details for 1508 Clark Ave

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    24.80 lot acres
    Property size
    72,797 SF
    Zone code
    RS-50
    Property type
    Auto shops
    APN
    A162918ZZZ000005478300
    APU
    A162918ZZZ000005478300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,487,000
      Market price range: $3.38M - $8.49M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $14,045,000
      Current use
      RETAIL STORES
      $16,165,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $16,100,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $13,870,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5113
    Latitude
    27.9573
    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
    $0.00
    $16,998,652
    $8,138,320
    $25,136,972
    -
    $16,998,652
    $8,138,320
    $25,136,972

    Comparable in this City

    • Value Estimation by Request
      12,473 SF

      1602 Armenia Ave

      AUTO REPAIR, GARAGE • 12,473 SF
      1602 Armenia Ave, Tampa, FL 33607-3402
      View Details
    • Value Estimation
      $1,650,000
      2,266 SF

      1919 Saint Joseph St

      AUTO REPAIR, GARAGE • 2,266 SF
      1919 Saint Joseph St, Tampa, FL 33607-2039
      View Details
    • Value Estimation by Request
      1,563 SF

      3001 Armenia Ave

      AUTO REPAIR, GARAGE • 1,563 SF
      3001 Armenia Ave, Tampa, FL 33607-1631
      View Details
    • Value Estimation by Request
      4,015 SF

      3420 Columbus Dr

      AUTO REPAIR, GARAGE • 4,015 SF
      3420 Columbus Dr, Tampa, FL 33607-1822
      View Details
    • Value Estimation by Request
      6,082 SF

      2741 Columbus Dr

      AUTO REPAIR, GARAGE • 6,082 SF
      2741 Columbus Dr, Tampa, FL 33607-2213
      View Details
    • Value Estimation by Request
      8,947 SF

      4102 Armenia Ave

      AUTO REPAIR, GARAGE • 8,947 SF
      4102 Armenia Ave, Tampa, FL 33607-6422
      View Details

    Similar Nearby for Sale

    • $350,000
      1,184 SF

      West Tampa Automotive Business Opportunity

      Commercial Intensive (CI) zoned property ideal for automotive businesses.
      1919 W Saint Joseph St, Tampa, FL 33607
      View Details
    • $350,000
      1,184 SF

      West Tampa Automotive Opportunity

      Commercial Intensive property suitable for auto-related businesses.
      1919 W Saint Joseph St, Tampa, FL 33607
      View Details
    • Contact for pricing

      Furnished Office Near Tampa Airport

      Move-in ready office space with high visibility and ample parking.
      4622 W Spruce St, Tampa, FL 33607
      View Details
    • Contact for pricing
      7,104 SF

      Tampa Mixed-Use Investment Opportunity

      Recently renovated mixed-use property near Midtown Tampa.
      3221-3233 Cypress St, Tampa, FL 33607
      View Details
    • $1,350,000

      Howard Ave Development Site

      Tampa Land: 23,392 SF, $1.35M
      2103 Howard Ave, Tampa, FL 33607
      View Details
    • $1,875,000
      Pending

      Commercial Office Strip Center

      Office strip center with eight units near St Josephs Hospital.
      1950 W Dr Martin Luther King Jr Blvd, Tampa, FL 33607
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,184 SF

      West Tampa Auto Shop Lease

      Auto shop for lease in the heart of West Tampa.
      1919 W Saint Joseph St, Tampa, FL 33607
      View Details
    • Contact for pricing
      8,500 SF

      West Tampa Warehouse/Showroom/Office Space

      8,500 SF warehouse/showroom/office space available for lease in Tampa, FL.
      2318 W Columbus Dr, Tampa, FL 33607
      View Details
    • $19,200 /Mo

      Centrally Located Office Space

      Office space in strip center with ample parking, easy access.
      1950 W Dr Martin Luther King Jr Blvd, Tampa, FL 33607
      View Details
    • Contact for pricing
      46,647 SF

      Tripointe Plaza Executive Suites

      Tampa's Westshore: Prime Office Space
      4488 Boy Scout Blvd, Tampa, FL 33607
      View Details
    • $24 SF/Yr
      1,200 SF

      Corner Retail Suite in Tampa

      1,200 SF retail space in rapidly redeveloping Old West Tampa.
      1702 N Howard Ave, Tampa, FL 33607
      View Details
    • Contact for pricing
      2,472 SF

      Retail Space on Dale Mabry

      Retail property available for lease on North Dale Mabry.
      2525 N Dale Mabry Hwy, Tampa, FL 33607
      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.
    1508 Clark Ave
    Tampa, FL 33607-2307
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!