Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1906 Armenia Ave Tampa, FL 33607-3408
    Back to Search
    Property profile & analytics

    1906 Armenia Ave, Tampa, FL 33607-3408

    View on Map
    • Warehouses
    • 57,871 SF
    • 1.74 lot acres
    Off-Market
    Property ID
    US18-5022049
    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
    $5,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Little Pet Project / Pet Store & Service / Veterinary Clinic
    • First Impression Valet / Parking Lot & Garage
    • Florida Structural Engrg Inc / Structural Engineer
    • Bellanella fashion / Clothing & Fashion Store
    • Alexis Lee Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 1906 Armenia Ave

    Year built
    1904
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.74 lot acres
    Zone code
    CI
    Property type
    Warehouses
    APN
    A1529184PQ000043000000
    APU
    A1529184PQ000043000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 8, 2018 — 1906 Armenia LLC — Deed · related $2.2M · Valley Nat'l Bk
    Mar 22, 2018 $3,200,000 1906 Armenia LLC Ellis-van Pelt INC Warranty Deed $700k · Ellis-van Pelt INC
    Aug 22, 1997 $275,000 Ellis-van Pelt INC Kotler,arnold C Grant Deed $206k · Bank Of Tampa
    — — Ellis-van Pelt INC — Deed Of Trust · related $800k · Platinum Bank
    — — Ells-van Pelt INC — Deed Of Trust · related $90k · Bank Of Tampa
    — — Ellis-van Pelt INC — Deed Of Trust · related $400k · Branch Banking & Trust Co
    — — Ellis-van Pelt INC — Deed Of Trust · related $550k · Coley Credit Corp
    — — 1906 Armenia LLC — Deed Of Trust · related $2.2M · Valley Nat'l Bk
    — — Ellis-van Pelt INC — Deed Of Trust · related $75k · Bank Of Tampa
    — — Ellis Vanpelt — Deed Of Trust · related $400k · Branch Banking & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,672,000
      Market price range: $5.67M - $13.7M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $8,730,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4856
    Latitude
    27.959
    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
    $64,214
    $1,138,172
    $2,200,474
    $3,338,646
    -
    $1,138,172
    $2,200,474
    $3,338,646

    Comparable in this City

    • Value Estimation
      $1,645,000
      19,500 SF

      3702 Bch St

      MINI-WAREHOUSE, STORAGE
      3702 Bch St, Tampa, FL 33607-2525
      View Details
    • Value Estimation
      $10,595,000
      100,694 SF

      5012 Laurel St

      MINI-WAREHOUSE, STORAGE
      5012 Laurel St, Tampa, FL 33607-3808
      View Details
    • Value Estimation
      $2,360,000
      19,909 SF

      1308 Ward St

      WAREHOUSE, STORAGE
      1308 Ward St, Tampa, FL 33607-3831
      View Details
    • Value Estimation
      $1,140,000
      8,159 SF

      5024 Nassau St

      WAREHOUSE, STORAGE
      5024 Nassau St, Tampa, FL 33607-3815
      View Details
    • Value Estimation
      $2,130,000
      15,828 SF

      2318 Columbus Dr

      MINI-WAREHOUSE, STORAGE
      2318 Columbus Dr, Tampa, FL 33607-1642
      View Details
    • Value Estimation
      $2,600,000
      21,912 SF

      5126 Cypress St

      MINI-WAREHOUSE, STORAGE
      5126 Cypress St, Tampa, FL 33607-1702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,700 SF

      Warehouse with Office and Drive-In Doors

      Modern warehouse configuration includes office space, multiple drive-in doors, and fenced outdoor storage for flexible operations.
      5100 West Grace St, Tampa, FL 33607
      View Details
    • Contact for pricing

      Warehouse Space for Sale

      Available warehouse space offering a practical footprint for industrial storage and distribution operations.
      5100 W Grace St, Tampa, FL 33607
      View Details
    • Contact for pricing
      4,681 SF

      Midtown Town Center Investment Opportunity

      Commercial investment opportunity in Midtown Town Center with great exposure.
      3426 Cypress St, Tampa, FL 33607
      View Details
    • $3,200,000

      Prime Commercial Investment Opportunity

      Commercial land near Midtown Town Center with endless possibilities.
      3440 W Cypress St, Tampa, FL 33607
      View Details
    • Contact for pricing
      2,469 SF

      Westshore Office Space For Sale

      Flex and office spaces available in Westshore Business District.
      5402 W Laurel St, Tampa, FL 33607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,360 SF

      Westshore District Warehouse Space

      7,360 SF warehouse in Westshore Business District available for lease.
      4920 W La Salle 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
    • Contact for pricing
      22,700 SF

      Tampa Flex Space with Storage

      22,700 SF flex space with fenced outdoor storage.
      5100-5114 W Grace St, Tampa, FL 33607
      View Details
    • Contact for pricing

      Westshore Warehouse Space Available

      7,360 SF warehouse in Westshore Business District for lease.
      4920 W La Salle St, Tampa, FL 33607
      View Details
    • Contact for pricing

      Westshore Int'l Plaza

      Discover many ways to work your way in Westshore Int'l Plaza
      2202 West Shore Blvd, Tampa, FL 33607
      View Details
    • Sponsored
      Contact for pricing

      Rocky Point

      Discover many ways to work your way in Rocky Point
      3001 Rocky Point Dr, 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.
    1906 Armenia Ave
    Tampa, FL 33607-3408
    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
    1906 Armenia Ave, Tampa, FL, 33607
    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!