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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2032 51St St Tampa, FL 33619

    • Showrooms
    • 16,320 SF
    • 2.96 lot acres
    For Lease
    View listing
    Last Sale
    Mar 20, 2024
    $1,850,000
    Value Estimations
    $1,850,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2927707
    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

    • Truck trail / Freight Service / Logistics Company

    Property Details for 2032 51St St

    Year built
    1966
    Construction
    STEEL FRAME
    Lot size
    2.96 lot acres
    Property size
    16,320 SF
    Zone code
    M
    Property type
    Showrooms
    APN
    U2729191PV000000000400
    APU
    U2729191PV000000000400

    Description

    This Tampa, Florida industrial property offers 16,320 square feet of manufacturing and warehouse space for lease. Located in the Palm River submarket at 2032 S 51st St, 33619, this free-standing building sits on a three-acre lot with a large fenced yard providing ample outside storage. The building features 16'+ clear heights, six 20'W x 14'W roll-up doors (allowing drive-through access), and 800 amps of three-phase power (multiple meters). Currently, approximately 10,000 square feet of warehouse space is available for lease, with the option for a sale/leaseback arrangement. The property benefits from convenient access to major roadways including I-75, I-4, Adamo Drive, and the Selmon Expressway, as well as proximity to Port Tampa Bay and the CSX Railway line. Utilities include well water (with county water nearby) and septic. The building is constructed of metal and features LED lighting. The property is zoned for manufacturing and offers a versatile layout adaptable to various business needs. The Hillsborough County location provides excellent accessibility and ample parking.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,850,000
      ML approach
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,632,000
      Market price range: $1.63M - $3.34M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,260,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3984
    Latitude
    27.9271
    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
    $13,341
    $675,274
    $185,499
    $860,773
    -
    $675,274
    $185,499
    $860,773

    Comparable in this City

    • Value Estimation
      $2,525,000
      14,139 SF

      8955 Palm Riv Rd

      SHOW ROOM, WAREHOUSE • 14,139 SF
      8955 Palm Riv Rd, Tampa, FL 33619-4323
      View Details
    • Value Estimation
      $2,780,000
      21,380 SF

      5821 Cswy Blvd

      SHOW ROOM, WAREHOUSE • 21,380 SF
      5821 Cswy Blvd, Tampa, FL 33619-6253
      View Details
    • Value Estimation
      $3,760,000
      39,864 SF

      8435 Adamo Dr

      SHOW ROOM, WAREHOUSE • 39,864 SF
      8435 Adamo Dr, Tampa, FL 33619-3517
      View Details
    • Value Estimation
      $1,405,000
      10,000 SF

      6500 Columbus Dr

      SHOW ROOM, WAREHOUSE • 10,000 SF
      6500 Columbus Dr, Tampa, FL 33619-1624
      View Details
    • Value Estimation by Request
      9,052 SF

      2102 Orient Rd

      SHOW ROOM, WAREHOUSE • 9,052 SF
      2102 Orient Rd, Tampa, FL 33619-3358
      View Details
    • Value Estimation
      $3,250,000
      18,560 SF

      6801 Adamo Dr

      SHOW ROOM, WAREHOUSE • 18,560 SF
      6801 Adamo Dr, Tampa, FL 33619-3419
      View Details

    Similar Nearby for Sale

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      Renovated Warehouse with Modern Showroom

      Meticulously renovated warehouse with showroom in high-traffic East Tampa/Brandon.
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      Tampa Truck Parking Investment Opportunity

      Prime Tampa location suitable for truck parking and more.
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    • $1,900,000
      2.82 Acres

      Prime Commercial Infill Development Opportunity

      2.82-acre commercial infill property in Tampa's growth corridor.
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      1.01 Acres

      Tampa Commercial Land Opportunity

      1 Acre, High-Traffic Location, Buildable
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      9.00 Acres

      Tampa Multifamily Land Development

      9 Acres, 238 Units Approved
      8711 Causeway Blvd, Tampa, FL 33619
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Tampa Showroom/Warehouse/Office Space For Rent

      Showroom, warehouse, and office space available for rent in Tampa.
      2601 E Meadow Blvd, Tampa, FL 33619
      View Details
    • Contact for pricing
      142,441 SF

      Brandon Retail Pad - ±3.27 Acres

      Prime Brandon location, ±3.27-acre retail pad. Ground lease or sale.
      1305 Falkenburg Rd, Tampa, FL 33619
      View Details
    • Contact for pricing
      9,000 SF

      Prime Tampa Restaurant Site

      1.5-Acre Restaurant Opportunity in Tampa
      10277 Adamo Dr, Tampa, FL 33619
      View Details
    • $24,000

      Retail Space with Separate Rooms

      Retail space featuring lobby, bathrooms, separate rooms, and parking.
      7756 Palm River Rd, Tampa, FL 33619
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Falkenburg Road

      Retail space with high visibility and pylon signage available.
      2498 S Falkenburg Rd, Tampa, FL 33619
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space Near Home Depot

      Retail spaces available near Home Depot in Tampa, Florida.
      10033-10087 E Adamo Dr, Tampa, FL 33619
      View Details
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    2032 51St St
    Tampa, FL 33619
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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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