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

    221 Hobbs St Ste, Unit 104 Tampa, FL 33619-8068

    • Industrial properties
    • 4,386 SF
    OFF-MARKET
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5190031
    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

    • Industrial properties

    Property Details for 221 Hobbs St Ste

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    4,386 SF
    Zone code
    PD
    Property type
    Industrial properties
    APN
    U17292094R000000001030
    APU
    U17292094R000000001030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $765,000
      Current use
      RETAIL STORES
      $975,000
      Change: +27% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $945,000
      Change: +23% Conversion: Easy
      WAREHOUSE, STORAGE
      $855,000
      Change: +11% Conversion: Easy
      OFFICE BUILDING
      $660,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3293
    Latitude
    27.9551
    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
    $5,850
    $100
    $372,200
    $372,300
    -
    $100
    $372,200
    $372,300

    Comparable in this City

    • Value Estimation by Request
      178,500 SF

      2998 62Nd St

      Distribution properties • 178,500 SF
      2998 62Nd St, Tampa, FL 33619
      View Details
    • Value Estimation by Request
      26.00 Acres

      3507 50Th St

      Distribution properties • 26.00 Acres
      3507 50Th St, Tampa, FL 33619
      View Details
    • Value Estimation by Request
      246,943 SF

      3602 Causeway Blvd

      Distribution properties • 246,943 SF
      3602 Causeway Blvd, Tampa, FL 33619
      View Details
    • Value Estimation by Request
      6,211 SF

      3508 Cherry Palm Dr, Unit 2

      CONDOMINIUMS (INDUSTRIAL) • 6,211 SF
      3508 Cherry Palm Dr, Tampa, FL 33619-1366
      View Details
    • Value Estimation
      $2,025,000
      14,679 SF

      217 Hobbs St Ste, Unit 107

      CONDOMINIUMS (INDUSTRIAL) • 14,679 SF
      217 Hobbs St Ste, Tampa, FL 33619-8067
      View Details
    • Value Estimation
      $1,550,000
      12,400 SF

      213 Hobbs St, Unit 111-A

      CONDOMINIUMS (INDUSTRIAL) • 12,400 SF
      213 Hobbs St, Tampa, FL 33619-8033
      View Details

    Similar Nearby for Sale

    • $4,890,000

      Palm River Industrial Warehouse

      Tampa, FL: 51,599 SF Warehouse
      5208 St Paul St, Tampa, FL 33619
      View Details
    • Contact for pricing
      28,230 SF

      Tampa Industrial Warehouse - 28,230 SF

      Prime East Tampa distribution/manufacturing space.
      1030 86Th St, Tampa, FL 33619
      View Details
    • Contact for pricing
      30,000 SF

      Tampa Industrial Asset For Sale

      Industrial property for sale in Tampa with highway access.
      6820 E Adamo Dr, Tampa, FL 33619
      View Details
    • Contact for pricing
      2.50 Acres

      East Tampa Industrial Land

      2.5 Acres, Prime Location, Lease in Place
      2807 Maydell Dr, Tampa, FL 33619
      View Details
    • $2,000,000

      Industrial Property on Broadway Avenue

      Industrial property for sale in Tampa, Florida.
      5912 E Broadway Ave, Tampa, FL 33619
      View Details
    • Contact for pricing
      4,000 SF

      1.475-Acre Development/IOS Site

      1.475-acre development site with commercial intensive zoning and port access.
      4333 S 50Th St, Tampa, FL 33619
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      7,400 SF

      Tampa Industrial Land for Lease

      7,400 sq ft Outdoor Storage Lot
      5107 10Th Ave, Tampa, FL 33619
      View Details
    • Contact for pricing
      15,600 SF

      Tampa Industrial Space Available

      Industrial property available for rent in Tampa, Florida.
      9842-9860 Currie Davis Dr, Tampa, FL 33619
      View Details
    • $2,100 /Mo
      5,400 SF

      Industrial/Commercial Unit on Adamo Drive

      Industrial/commercial unit with office space, high visibility, and secure perimeter.
      6102 E Adamo Dr, Tampa, FL 33619
      View Details
    • Contact for pricing
      121,600 SF

      East Tampa Industrial Space For Lease

      121,600 SF Manufacturing/Warehouse
      3719 Corporex Park Dr, Tampa, FL 33619
      View Details
    • $14 SF/Yr
      1,800 SF

      Tampa Flex Space For Lease

      1,800 SF Industrial Space Available
      2433 86Th St, Tampa, FL 33619
      View Details
    • $19 SF/Yr
      20,000 SF

      Tampa Flex Space: Faulkenburg Centre

      20,000 SF Flex Space, Tampa, FL
      501 Falkenburg Rd, Tampa, FL 33619
      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.
    221 Hobbs St Ste, Unit 104
    Tampa, FL 33619-8068
    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.