Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    220 Scarlet Blvd Oldsmar, FL 34677-3016

    • Manufacturing properties
    • 16,140 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1756038
    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

    • Andritz Iggesund Tools Inc / Industrial Manufacturer / Production Facility
    • Integrated Electrical Services / Electrical Service / General Contractor

    Property Details for 220 Scarlet Blvd

    Year built
    1988
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property size
    16,140 SF
    Property type
    Manufacturing properties
    APN
    23-28-16-63936-065-0020
    APU
    232816639360650020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,232,000
      Market price range: $2.23M - $3.23M
      AI Estimate
      $2,232,000
      Market price range: $2.23M - $3.23M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,685,000
      Current use
      RETAIL STORES
      $3,560,000
      Change: +33% Conversion: Moderate
      WAREHOUSE, STORAGE
      $3,480,000
      Change: +29% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.677
    Latitude
    28.0417
    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
    $19,011
    $0.00
    $0.00
    $1,090,000
    -
    $518,060
    $571,940
    $1,090,000

    Comparable in this City

    • Value Estimation
      $2,020,000
      14,610 SF

      200 Tower Dr

      MANUFACTURING (LIGHT) • 14,610 SF
      200 Tower Dr, Oldsmar, FL 34677-2964
      View Details
    • Value Estimation
      $2,935,000
      21,207 SF

      207 Vollmer Ave

      MANUFACTURING (LIGHT) • 21,207 SF
      207 Vollmer Ave, Oldsmar, FL 34677-2938
      View Details
    • Value Estimation
      $2,490,000
      18,000 SF

      161 Vollmer Ave

      MANUFACTURING (LIGHT) • 18,000 SF
      161 Vollmer Ave, Oldsmar, FL 34677-2936
      View Details
    • Value Estimation
      $6,910,000
      49,956 SF

      450 Commerce Blvd

      MANUFACTURING (LIGHT) • 49,956 SF
      450 Commerce Blvd, Oldsmar, FL 34677-2808
      View Details
    • Value Estimation
      $800,000
      4,000 SF

      119 Frst Lk S Blvd

      MANUFACTURING (LIGHT) • 4,000 SF
      119 Frst Lk S Blvd, Oldsmar, FL 34677-3028
      View Details
    • Value Estimation
      $950,000
      5,000 SF

      301 Douglas E Rd

      MANUFACTURING (LIGHT) • 5,000 SF
      301 Douglas E Rd, Oldsmar, FL 34677-2922
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,280 SF

      Oldsmar Industrial Property For Sale

      Industrial property available in Oldsmar, Florida, totaling 5,280 square feet.
      630-640 Brooker Creek Blvd, Oldsmar, FL 34677
      View Details
    • $1,750,000
      6,100 SF

      Renovated Flex Space in Oldsmar

      Turn-key flex industrial/office property with recent improvements, ideal for investors.
      325 Mears Blvd, Oldsmar, FL 34677
      View Details
    • $980,000
      8,760 SF

      Oldsmar Industrial/Self Storage Opportunity

      8,760 SF industrial property in Oldsmar, Florida for sale.
      3884 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $1,750,000

      Renovated Flex Space in Oldsmar

      Fully renovated flex industrial/office property, ideal for investors or owner-users.
      325 Mears Blvd, Oldsmar, FL 34677
      View Details
    • $151,000
      0.17 Acres

      Vacant Lot in Oldsmar, FL

      0.17-acre homesite in Oldsmar, ideal for building a dream home.
      436 Country Club Dr, Oldsmar, FL 34677
      View Details
    • $3,749,900
      Pending

      Renovated Freestanding Office Condo Building

      Class B office condo building in Oldsmar, Florida.
      255 Pine Ave N, Oldsmar, FL 34677
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,000 SF

      Oldsmar Warehouse Space For Lease

      32,000 SF warehouse space with dock-high doors available 2025.
      4025 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      2,125 SF

      Oldsmar Industrial Space Available

      2,125 SF industrial space for lease in Oldsmar, Florida.
      231 Douglas Rd E, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      85,000 SF

      Industrial Space Available For Sublease

      Sublease opportunity with subdivision potential and air conditioning.
      375 Mears Blvd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      94,000 SF

      Warehouse Distribution Building For Rent

      94,000 square foot warehouse distribution building available for rent.
      4029 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      376,551 SF

      580 Corporate Center: Flex & Warehouse Space

      Prime Industrial Space, Multiple Units Available
      4023-4035 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      3,000 SF

      Oldsmar Flex Space For Rent

      3,000 SF flex space available for lease in Oldsmar.
      359 Douglas Rd E, Oldsmar, FL 34677
      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.
    220 Scarlet Blvd
    Oldsmar, FL 34677-3016
    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.
    Sign Up Successful!
    You now have access to more from Realmo!