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    2402 Bloomingdale Ave Valrico, FL 33596-6403
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    Property profile & analytics

    2402 Bloomingdale Ave, Valrico, FL 33596-6403

    View on Map
    • Warehouses
    • 51,320 SF
    • 2.31 lot acres
    Off-Market
    Property ID
    US18-0766048
    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
    $6,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2402 Bloomingdale Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    2.31 lot acres
    Zone code
    PD
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U063021ZZZ000004278000
    APU
    U063021ZZZ000004278000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 18, 2017 — Extra Space Properties Two LLC Extra Space Props Forty One Ll Quit Claim Deed · related —
    Nov 5, 2009 — Extra Space Properties Forty One Ll Extra Space Properties Sixteen LLC Special Warranty Deed $10M · Td Bank NA
    Sep 16, 2004 $5,638,213 Extra Space Props Sixteen LLC Storage Spot Props No 1 Grant Deed $4.3M · Wachovia Bank NA
    Jan 12, 2001 $4,250,000 World Properties 1 Storage Storage World Properties #2 Grant Deed · related $50M · Fleet National Bank Ttee
    Oct 29, 1999 $575,000 Storageworld Properties #2 LLC Lanham,robert L & Sharon K Grant Deed —
    — — Extra Space Props Forty One Ll — Deed Of Trust · related $32.5M · Td Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,930,000
      6.5%
      $7,320,000
      7%
      $6,800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,735,000
      Market price range: $1.18M - $5.90M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,615,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Valrico
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2425
    Latitude
    27.8947
    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
    $125,167
    $926,103
    $6,460,097
    $7,386,200
    -
    $926,103
    $6,460,097
    $7,386,200

    Comparable in this City

    • Value Estimation
      $640,000
      4,000 SF

      3613 Lithia Pinecrest Rd

      MINI-WAREHOUSE, STORAGE
      3613 Lithia Pinecrest Rd, Valrico, FL 33596-6306
      View Details
    • Value Estimation
      $3,550,000
      27,520 SF

      1035 Starwood Ave

      MINI-WAREHOUSE, STORAGE
      1035 Starwood Ave, Valrico, FL 33596-6202
      View Details
    • Value Estimation
      $2,495,000
      19,496 SF

      1626 Natures Way Blvd

      MINI-WAREHOUSE, STORAGE
      1626 Natures Way Blvd, Valrico, FL 33596-6942
      View Details
    • Value Estimation
      $1,145,000
      11,273 SF

      3501 Bell Shls Rd

      SHOPPING CENTER, STRIP CENTER
      3501 Bell Shls Rd, Valrico, FL 33596-6142
      View Details
    • Value Estimation
      $790,000
      6,110 SF

      2224 Bloomingdale Ave

      CONVENIENCE STORE
      2224 Bloomingdale Ave, Valrico, FL 33596-6212
      View Details
    • Value Estimation by Request
      198 SF

      4305 Culbreath Rd

      OFFICE BUILDING
      4305 Culbreath Rd, Valrico, FL 33596-7345
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,050 SF

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    • $259,000
      1,534 SF

      Valrico Duplex with Updated Kitchen

      Duplex with open layout, updated kitchen, and community pool.
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    • Contact for pricing

      Bloomingdale Ave Commercial Development Opportunity

      Commercial land for sale in Brandon/Valrico area.
      1240 Bloomingdale Ave, Valrico, FL 33596
      View Details
    • $164,000

      Land For Sale in Valrico

      Land available in Valrico, Florida.
      2903 Williams Blvd, Valrico, FL 33596
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,150 SF

      Retail Space For Rent

      3,150 square foot retail space available for lease.
      3210 Lithia Pinecrest Rd, Valrico, FL 33596
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Valrico Center

      Retail space available in a specialty-grocer anchored shopping center.
      3422-3476 Lithia Pinecrest Rd, Valrico, FL 33596
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space on Bloomingdale Avenue

      Retail space available on highly traveled Bloomingdale Avenue.
      1934 East Bloomingdale Ave, Valrico, FL 33596
      View Details
    • Contact for pricing
      1,979 SF

      Chiropractic Office in River Hills Plaza

      Turnkey chiropractic office or adaptable for medical/professional use.
      4325 Lynx Paw Tl, Valrico, FL 33596
      View Details
    • Contact for pricing

      Valrico Landmark Retail Center

      High-visibility retail center in Valrico with significant foot traffic.
      3658 Lithia Pinecrest Rd, Valrico, FL 33596
      View Details
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    Valrico, FL 33596-6403
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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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