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

    1871 Massaro Blvd Tampa, FL 33619-3013

    • Warehouses
    • 38,640 SF
    • 2.68 lot acres
    OFF-MARKET
    Last Sale
    Aug 06, 2024
    $7,675,000
    Value Estimations
    $6,530,000
    Show details
    Cap Rate Potential
    6.4%
    Warehouses
    Location Intelligence
    Property ID
    US18-8240556
    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

    • PODS Moving & Storage / Moving Company / Storage Facility

    Property Details for 1871 Massaro Blvd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    2.68 lot acres
    Property size
    38,640 SF
    Zone code
    M
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U132919ZZZ000001478103
    APU
    U132919ZZZ000001478103

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,620,000
      ML approach
      $5,235,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,970,000
      6.5%
      $5,515,000
      7%
      $5,120,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,472,000
      Market price range: $4.22M - $11.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,510,000
      Current use
      MEDICAL BUILDING
      $10,445,000
      Change: +39% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,050,000
      Change: +34% Conversion: Moderate
      RETAIL STORES
      $8,580,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $8,320,000
      Change: +11% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $6,760,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3639
    Latitude
    27.9622
    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
    $65,719
    $504,075
    $3,174,825
    $3,678,900
    -
    $504,075
    $3,174,825
    $3,678,900

    Comparable in this City

    • Value Estimation
      $1,685,000
      17,224 SF

      7304 Cswy Blvd

      MINI-WAREHOUSE, STORAGE • 17,224 SF
      7304 Cswy Blvd, Tampa, FL 33619-5915
      View Details
    • Value Estimation
      $3,880,000
      30,280 SF

      5135 Madison Ave

      MINI-WAREHOUSE, STORAGE • 30,280 SF
      5135 Madison Ave, Tampa, FL 33619-9645
      View Details
    • Value Estimation
      $2,410,000
      25,917 SF

      1900 62nd St

      MINI-WAREHOUSE, STORAGE • 25,917 SF
      1900 62nd St, Tampa, FL 33619-3132
      View Details
    • Value Estimation
      $2,080,000
      20,599 SF

      2405 71st St

      MINI-WAREHOUSE, STORAGE • 20,599 SF
      2405 71st St, Tampa, FL 33619-2952
      View Details
    • Value Estimation
      $5,730,000
      44,424 SF

      4480 Eagle Fls Pl

      MINI-WAREHOUSE, STORAGE • 44,424 SF
      4480 Eagle Fls Pl, Tampa, FL 33619-9620
      View Details
    • Value Estimation
      $2,065,000
      23,343 SF

      1865 Massaro Blvd

      MINI-WAREHOUSE, STORAGE • 23,343 SF
      1865 Massaro Blvd, Tampa, FL 33619-3013
      View Details

    Similar Nearby for Sale

    • New
      $1,900,000
      Pending

      Prime Commercial Infill Development Opportunity

      2.82-acre commercial infill property in Tampa's growth corridor.
      7222 E Dr Martin Luther King Jr Blvd, Tampa, FL 33619
      View Details
    • $5,500,000
      28,230 SF

      Tampa Manufacturing Warehouse For Sale

      Manufacturing warehouse with office space available for sale in Tampa.
      1020-1030 S 86Th St, Tampa, FL 33619
      View Details
    • Contact for pricing
      42,954 SF

      Tampa Manufacturing Facility with Cranes

      Manufacturing facility with multiple cranes and easy highway access.
      5101 24Th Ave, Tampa, FL 33619
      View Details
    • Contact for pricing
      38,990 SF

      Manufacturing Facility with Office Space

      38,990 SF manufacturing facility with warehouse and office space.
      3221 Cherry Palm Dr, Tampa, FL 33619
      View Details
    • $1,900,000

      Tampa Commercial Infill Development Opportunity

      2.82-acre commercial infill property in Tampa's growth corridor.
      7222 E Dr Martin Luther King Jr Blvd, Tampa, FL 33619
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tampa Office/Warehouse Flex Space

      Office and warehouse space for lease in East Tampa.
      1209 Tech Blvd, Tampa, FL 33619
      View Details
    • Contact for pricing

      180,400 SF Warehouse Space

      180,400 SF warehouse with 32' clear height, available Q2 2025.
      6700 Lakeview Center Dr, Tampa, FL 33619
      View Details
    • Contact for pricing
      70,570 SF

      Tampa Warehouse Space Available

      70,570 SF warehouse space for lease in Tampa, Florida.
      4527-4529 Eagle Falls Pl, Tampa, FL 33619
      View Details
    • Contact for pricing

      Corporex Park Distribution Center Space

      Distribution center space available at Corporex Park in Tampa.
      3719 Corporex Park Dr, Tampa, FL 33619
      View Details
    • Contact for pricing
      40,000 SF

      Tampa Warehouse Space Available

      40,000 SF warehouse space for lease in Tampa.
      1211 Old Hopewell Rd, Tampa, FL 33619
      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.
    1871 Massaro Blvd
    Tampa, FL 33619-3013
    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!