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    2603 Marconi St Tampa, FL 33605
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    Property profile & analytics

    2603 Marconi St, Tampa, FL 33605

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    • Commercial real estate
    • 0.37 lot acres
    Off-Market
    Property ID
    US19-0821817
    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

    • Commercial real estate

    Property Details for 2603 Marconi St

    Lot size
    0.37 lot acres
    Property type
    Commercial real estate

    Description

    This Tampa, Florida property offers a unique investment opportunity. Located at 2603-2607 Marconi Street, this 0.37-acre lot (15,960 square feet, 168' x 95') includes a well-maintained three-unit triplex, generating immediate rental income. The property is zoned RM-16 & RS-50, allowing for diverse redevelopment options, including multi-family, commercial, or mixed-use projects. The existing triplex features three comfortable units, ideal for continued rental income. The adjacent vacant land presents significant expansion potential. This prime location in Hillsborough County (zip code 33605) offers easy access to amenities and public transportation. The asking price is $950,000. Annual property taxes are $3,872.65. This property is perfect for investors seeking immediate returns and long-term growth potential in a thriving Tampa neighborhood. The combination of existing income and redevelopment potential makes this a truly exceptional opportunity. The flexibility of zoning allows for a wide range of development scenarios, catering to various investment strategies. Don't miss this chance to acquire a high-potential property in a desirable location.

    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
    -82.430391445644
    Latitude
    27.950064090449

    Comparable in this City

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      1,140 SF

      Income-Producing Duplex in East Ybor

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    • $995,000

      Multifamily Investment Opportunity in Tampa

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      Tampa Duplex with Income Potential

      Modern duplex in Tampa, offering excellent rental income potential.
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    • $699,999
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      Modern Duplex in Ybor City

      Modern duplex with income potential in historic Ybor City.
      2313 E Columbus Dr, Tampa, FL 33605
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    • $645,000

      Turnkey Triplex in Trendy Tampa

      Spacious triplex with modern updates in a prime location.
      1212 E 25Th Ave, Tampa, FL 33605
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    Similar Nearby for Sale

    • $349,000
      1,140 SF

      Income-Producing Duplex in East Ybor

      Fully rented duplex with redevelopment potential near Downtown Tampa.
      2405 Harper St, Tampa, FL 33605
      View Details
    • $995,000

      Multifamily Investment Opportunity in Tampa

      Portfolio of three duplexes, six units, near Ybor City.
      911 East 108Th Ave, Tampa, FL 33605
      View Details
    • $849,900
      3,231 SF

      Tampa Duplex with Income Potential

      Modern duplex in Tampa, offering excellent rental income potential.
      2613 E 23Rd Ave, Tampa, FL 33605
      View Details
    • $699,999
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      Modern Duplex in Ybor City

      Modern duplex with income potential in historic Ybor City.
      2313 E Columbus Dr, Tampa, FL 33605
      View Details
    • New
      $499,900
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      Tampa Duplex: Strong Income Potential

      Duplex near downtown Tampa with immediate income and growth potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Project in Historic Ybor

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    • Contact for pricing

      Industrial Space with Outside Storage

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    Tampa, FL 33605
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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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