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    2526 W Sligh Ave Tampa, FL 33614

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    2526 W Sligh Ave Tampa, FL 33614

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    • Medical Office Space
    • 26,100 SF
    • 2.51 lot acres
    For Sale
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    Tampa Commercial Building with Expansion Potential For Sale
    Contact for pricing
    11,100 SF

    Tampa Commercial Building with Expansion Potential

    11,100 SF building on 2.51 acres, expand to 26,100 SF.

    2526 W Sligh Ave, Tampa, FL
    View Listing
    Property ID
    US18-3554662
    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

    • True Faith Inspirational Baptist Church / Church
    • Support Inc / Community Center

    Property Details for 2526 W Sligh Ave

    Year built
    2001
    Lot size
    2.51 lot acres
    Property size
    26,100 SF
    Property type
    Medical Office Space

    Description

    This exceptional 26,100 square foot commercial property, located at 2526 W. Sligh Ave in Tampa, Florida, presents a unique investment opportunity. Built in 2001 and extensively renovated in 2022, the building features a 11,100 square foot concrete masonry structure with entitlements to expand to the full 26,100 square feet on a 2.51-acre lot. The property boasts a 24-foot ceiling height in the main area, complemented by a second-floor mezzanine at both the north and south ends. An elevator could be easily added for ADA compliance. A small kitchen is also included. The 2022 renovation included a new 63-space parking lot and updated sidewalks. The PD zoning allows for diverse uses, including medical, professional, office, retail, athletics, event, and educational purposes. Its strategic location offers convenient access to major transportation arteries, being just 17 minutes from Tampa International Airport, 5 minutes from I-275, and 10 minutes from the Veterans Expressway. Furthermore, the property enjoys close proximity to several prominent hospitals, including AdventHealth Carrollwood and St. Joseph's Hospital system. The ability to add an outparcel with an existing building footprint adds further development potential. This versatile property is ideal for a variety of businesses seeking a prime location in a thriving Tampa market.

    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
    -82.4858405
    Latitude
    28.0100535

    Comparable in this City

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      Medical Office Near St. Joseph

      Remodeled medical office in landmark building near St. Joseph Hospital.
      4710 N Habana Ave, Tampa, FL 33614
      View Details
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      11,100 SF

      Tampa Commercial Building with Expansion Potential

      11,100 SF building on 2.51 acres, expand to 26,100 SF.
      2526 W Sligh Ave, Tampa, FL 33614
      View Details
    • $625,000
      1,775 SF

      Medical Office Near Advent Hospital

      Medical professional office space in prime Tampa location.
      3709 W Hamilton Ave #7, Tampa, FL 33614
      View Details

    Similar Nearby for Sale

    • $520,000
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      Medical Office Near St. Joseph

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      4710 N Habana Ave, Tampa, FL 33614
      View Details
    • Contact for pricing
      11,100 SF

      Tampa Commercial Building with Expansion Potential

      11,100 SF building on 2.51 acres, expand to 26,100 SF.
      2526 W Sligh Ave, Tampa, FL 33614
      View Details
    • $625,000
      1,775 SF

      Medical Office Near Advent Hospital

      Medical professional office space in prime Tampa location.
      3709 W Hamilton Ave #7, Tampa, FL 33614
      View Details

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      Tampa Office Space For Lease

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      Tampa Medical Office Space Available

      Medical office spaces for lease near St. Joseph's Hospital.
      4700 N Habana Ave, Tampa, FL 33614
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    • $9 SF/Yr
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      Renovated Retail and Office Space

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    View Listing
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    Tampa, FL 33614
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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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