Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2021 Thrace St Tampa, FL 33605
    Back to Search
    Property profile & analytics

    2021 Thrace St, Tampa, FL 33605

    View on Map
    • Mixed-use properties
    • 2,002 SF
    • 0.11 lot acres
    For Sale
    $425,000
    View Listing →
    Ybor City Mixed-Use Investment For Sale
    $425,000
    2,002 SF

    Ybor City Mixed-Use Investment

    Tampa Commercial Property: Two Buildings

    2021 Thrace St, Tampa, FL 33605
    View Listing
    Property ID
    US18-8944459
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Southwestern Meadow Inc / Apartment Building
    • The Point Tattoo / Tattoo & Piercing Shop

    Property Details for 2021 Thrace St

    Year built
    1930
    Lot size
    0.11 lot acres
    Property type
    Mixed-use properties

    Description

    This Tampa, Florida mixed-use property, located at 2021 Thrace Street, offers two buildings totaling 2,002 square feet on a 0.11-acre lot. The main building comprises 1,256 square feet with two rooms, one bathroom, and an updated kitchen. The second building offers 746 square feet, including one room and one bathroom, and an attached carport. Both buildings feature central air conditioning and spacious layouts. The property boasts a welcoming front porch on the main building. Its CG (general commercial) zoning allows for diverse uses, including small professional offices, light retail, office/workstations, or office/showrooms. The property enjoys excellent visibility and convenient parking, with easy access to N. 22nd Street, the Selmon Expressway, and Adamo Drive/Highway 60. Commuting to Downtown Tampa, the Channel District, Interstate 4, and Interstate 275 is also straightforward. This prime location in the Palmetto Beach area of Ybor City offers a fantastic opportunity for a new tenant, owner-user, start-up, relocation, or expansion. The property is ready for immediate occupancy. The asking price is $425,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.43502
    Latitude
    27.94565

    Comparable in this City

    • $450,000
      0.05 Acres

      Ybor City Land Opportunity

      Land in historic Ybor City, Tampa, zoned for commercial/residential.
      1819 E 5Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.13 Acres

      Land in Historic Ybor City

      Land in a vibrant, historic neighborhood near downtown Tampa.
      940 E 11Th Ave, Tampa, FL 33605
      View Details
    • Contact for pricing
      1,092 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring 1,092 square feet of space.
      1607 N 19Th St, Tampa, FL 33605
      View Details
    • Contact for pricing
      21,555 SF

      Iconic Ybor City Mixed-Use Property

      Historic mixed-use property in vibrant Ybor City on 7th Avenue.
      1324 E 7Th Ave, Tampa, FL 33605
      View Details
    • Contact for pricing
      7,114 SF

      Ybor City Mixed-Use Opportunity

      Two-story building with parking lots in bustling Ybor City.
      1535 E 7Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.13 Acres

      Land in Historic Ybor City

      Land in a vibrant, historic neighborhood near downtown Tampa.
      940 E 11Th Ave, Tampa, FL 33605
      View Details

    Similar Nearby for Sale

    • $450,000
      0.05 Acres

      Ybor City Land Opportunity

      Land in historic Ybor City, Tampa, zoned for commercial/residential.
      1819 E 5Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.13 Acres

      Land in Historic Ybor City

      Land in a vibrant, historic neighborhood near downtown Tampa.
      940 E 11Th Ave, Tampa, FL 33605
      View Details
    • Contact for pricing
      1,092 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring 1,092 square feet of space.
      1607 N 19Th St, Tampa, FL 33605
      View Details
    • Contact for pricing
      21,555 SF

      Iconic Ybor City Mixed-Use Property

      Historic mixed-use property in vibrant Ybor City on 7th Avenue.
      1324 E 7Th Ave, Tampa, FL 33605
      View Details
    • Contact for pricing
      7,114 SF

      Ybor City Mixed-Use Opportunity

      Two-story building with parking lots in bustling Ybor City.
      1535 E 7Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.13 Acres

      Land in Historic Ybor City

      Land in a vibrant, historic neighborhood near downtown Tampa.
      940 E 11Th Ave, Tampa, FL 33605
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      820 SF

      Historic Ybor City Casita

      Free-standing, mixed-use casita in historic Ybor City for lease.
      1506 N 15Th St, Tampa, FL 33605
      View Details
    • $30 SF/Yr
      3,253 SF

      Ybor City Mixed-Use Bungalow

      2,541 SF Ybor City bungalow ideal for office use.
      2002 E 4Th Ave, Tampa, FL 33605
      View Details
    • Contact for pricing

      Mixed-Use Project in Historic Ybor

      Mixed-use project with office, residential, and historic building.
      1705 North 16Th St, Tampa, FL 33605
      View Details
    • Contact for pricing

      Ybor City Mixed-Use Retail/Office

      Retail and office spaces in historic Ybor City district.
      1600 East 7Th Ave, Tampa, FL 33605
      View Details
    • $22 SF/Yr
      18,636 SF

      Prime Ybor City Office Suites

      Office suites for lease in the heart of Ybor City.
      2109 E Palm Ave, Tampa, FL 33605
      View Details
    View Listing
    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.
    2021 Thrace St
    Tampa, FL 33605
    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
    2021 Thrace St, Tampa, FL, 33605
    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!