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    Property profile & analytics

    2002 142Nd Ave Tampa, FL 33613

    • Commercial real estate
    • 5,832 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2894373
    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

    • Amber's Cleaning Services / House Cleaning Service

    Property Details for 2002 142Nd Ave

    Year built
    1973
    Property size
    5,832 SF
    Property type
    Commercial real estate

    Description

    This 8-unit apartment building in Tampa, Florida, presents a compelling investment opportunity. Located at 2002 E 142nd Ave, 33613, in Hillsborough County, this property boasts a total of 5,832 square feet and sits on a single, two-story concrete block structure built in 1973. Each of the eight units offers 734 square feet of living space, featuring two bedrooms and one bathroom. Currently, each unit commands a monthly rent of $1225. Tenants are responsible for their own electricity. The property is zoned UCA-MS. While the building would benefit from updates, its strong rental income and location in Tampa make it an attractive prospect for cash buyers seeking a multifamily investment. The asking price is $1,400,000. This represents a significant opportunity for investors seeking a solid return on investment in the thriving Tampa real estate market. The property's location offers easy access to various amenities and transportation routes within the city.

    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
    -82.4362942
    Latitude
    28.0759442

    Comparable in this City

    • $1,375,000
      4,624 SF

      Tampa Multifamily Investment Opportunity

      16-unit apartment building in Tampa's University District, 100% occupied.
      1214 E 138Th Ave, Tampa, FL 33613
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    • $1,200,000
      4,756 SF

      Tampa Multifamily Investment Opportunity

      Eight-unit multifamily property near USF Tampa with income potential.
      1517 E 142Nd Ave, Tampa, FL 33613
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    • $435,000

      Income-Generating Duplex Near USF

      Remodeled duplex, successful Airbnb, near USF, ideal for investors.
      1220 E 142Nd Ave, Tampa, FL 33613
      View Details
    • $600,000
      Pending

      Tampa Quadruplex Near USF

      Quadruplex in Tampa's University Square, ideal for investors or tenants.
      1806 E 138Th Ave, Tampa, FL 33613
      View Details
    • $559,000

      Lakefront Land: Tampa, FL

      1.77 Acres, RSC-4 Zoning, Lake Access
      0 Sylvia Ln, Tampa, FL 33613
      View Details

    Similar Nearby for Sale

    • $1,375,000
      4,624 SF

      Tampa Multifamily Investment Opportunity

      16-unit apartment building in Tampa's University District, 100% occupied.
      1214 E 138Th Ave, Tampa, FL 33613
      View Details
    • $1,200,000
      4,756 SF

      Tampa Multifamily Investment Opportunity

      Eight-unit multifamily property near USF Tampa with income potential.
      1517 E 142Nd Ave, Tampa, FL 33613
      View Details
    • $435,000

      Income-Generating Duplex Near USF

      Remodeled duplex, successful Airbnb, near USF, ideal for investors.
      1220 E 142Nd Ave, Tampa, FL 33613
      View Details
    • $600,000
      Pending

      Tampa Quadruplex Near USF

      Quadruplex in Tampa's University Square, ideal for investors or tenants.
      1806 E 138Th Ave, Tampa, FL 33613
      View Details
    • $559,000

      Lakefront Land: Tampa, FL

      1.77 Acres, RSC-4 Zoning, Lake Access
      0 Sylvia Ln, Tampa, FL 33613
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,467 SF

      Office Space Available For Rent

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    • $12,000 /Mo

      Remodeled Office Space in Tampa

      Executive office space in a high-traffic North Tampa commercial center.
      14825 N Florida Ave B Or C Or E or F or G, Tampa, FL 33613
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      7,612 SF

      Retail Space in Tampa Center

      Retail space available in Winn-Dixie anchored shopping center.
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    • $60,000

      Class A Office Complex

      Multi-tenant office complex in Tampa's Lake Magdalene.
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    • $24 SF/Yr
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      Veterinary Hospital Space Available

      5,000 SF veterinary hospital space for lease.
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    • $36,234

      Office Space in Former VA Building

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    2002 142Nd Ave
    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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