Sign Up Successful!
You now have access to more from Realmo!
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

    200 Ashley Dr Tampa, FL 33602-5174

    • Hotels
    • 237,286 SF
    • 2.15 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2022
    $45,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0146426
    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

    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • George Steinbrenner Field / Tourist Attraction
    • Lobby Gifts N More / Convenience Store
    • Coco Jet Ski Rental Tampa / Water Sports Equipment Rental Service / Water Skiing Service
    • River's Edge / American Restaurant / Bar

    Property Details for 200 Ashley Dr

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.15 lot acres
    Property size
    237,286 SF
    Zone code
    CBD-2
    Property type
    Hotels
    APN
    A2429184ZI000080000000
    APU
    A2429184ZI000080000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4595
    Latitude
    27.9462
    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
    $617,936
    $11,295,807
    $18,586,093
    $29,881,900
    -
    $11,295,807
    $18,586,093
    $29,881,900

    Comparable in this City

    • Value Estimation
      $775,000
      116,745 SF

      100 Kennedy Blvd

      HOTEL • 116,745 SF
      100 Kennedy Blvd, Tampa, FL 33602-5111
      View Details
    • Value Estimation
      $565,000
      358,676 SF

      211 Tampa St

      HOTEL • 358,676 SF
      211 Tampa St, Tampa, FL 33602-5805
      View Details
    • Value Estimation
      $745,000
      721,106 SF

      510 Water St

      HOTEL • 721,106 SF
      510 Water St, Tampa, FL 33602-5541
      View Details
    • Value Estimation
      $1,385,000
      206,406 SF

      500 Channelside Dr

      HOTEL • 206,406 SF
      500 Channelside Dr, Tampa, FL 33602-5620
      View Details
    • Value Estimation
      $2,445,000
      222,187 SF

      1155 Kennedy Blvd

      HOTEL • 222,187 SF
      1155 Kennedy Blvd, Tampa, FL 33602-3542
      View Details
    • Value Estimation
      $1,430,000
      85,560 SF

      102 Cass St

      HOTEL • 85,560 SF
      102 Cass St, Tampa, FL 33602-3707
      View Details

    Similar Nearby for Sale

    • $14,600,000
      0.71 Acres

      Tampa Channel District Redevelopment

      Prime 0.7-acre mixed-use site. High growth potential.
      1121 Twiggs St, Tampa, FL 33602
      View Details
    • $14,600,000
      0.70 Acres

      Prime Tampa Redevelopment Opportunity

      0.7049-acre site in Tampa's Channel District, ideal for mixed-use development.
      1121 E Twiggs St, Tampa, FL 33602
      View Details
    • $3,775,000
      25,120 SF

      East Tampa Redevelopment Opportunity

      Prime Retail, QOZ & HUBZone Site
      2721 Nebraska Ave, Tampa, FL 33602
      View Details
    • $1,100,000

      Tampa Development Opportunity Near Riverwalk

      Development opportunity near Armature Works and Downtown Tampa.
      206 W Columbus Dr, Tampa, FL 33602
      View Details
    • $99,500

      Harbour Island Boat Slip

      Boat slip in gated community with Gulf access.
      25 Seddon Cove Way, Tampa, FL 33602
      View Details
    • $3,800,000
      6,265 SF

      Renovated Tampa Office/Retail Property

      Fully leased office/retail property in prime Tampa location.
      1502-1508 N Nebraska Ave, Tampa, FL 33602
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      757,425 SF

      Tampa City Center Executive Suites

      Prestigious Tampa Office Space Available
      201 Franklin St, Tampa, FL 33602
      View Details
    • $40 SF/Yr
      4,150 SF

      Granite Clad Office Tower Space

      Office space available in a 25-story granite-clad tower.
      401 E Jackson St, Tampa, FL 33602
      View Details
    • Contact for pricing
      1,012 SF

      Channelside Retail Space For Lease

      Prime retail space in a dense, walkable urban neighborhood.
      1190 E Washington St, Tampa, FL 33602
      View Details
    • Contact for pricing
      3,985 SF

      Downtown Tampa Retail/Restaurant Space

      Prime location in the heart of downtown Tampa.
      910-915 N Franklin St, Tampa, FL 33602
      View Details
    • Contact for pricing
      5,463 SF

      Downtown Tampa Retail/Restaurant Opportunity

      Prime retail or restaurant space in Downtown Tampa's NoDo district.
      905 N Florida Ave, Tampa, FL 33602
      View Details
    • Contact for pricing
      2,850 SF

      Retail Space Near Downtown Tampa

      Retail space in newly built SpringHill Suites near I-275.
      1104 N Franklin St, Tampa, FL 33602
      View Details

    Property Visit Statistics

    • Visits by month
      26.7k
    • Visitors by month
      3.2k
    • Avg Time on site
      103 min
    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.
    200 Ashley Dr
    Tampa, FL 33602-5174
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.