Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2901 Albany Ave Tampa, FL 33607

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0424413
    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

    • Commercial real estate

    Property Details for 2901 Albany Ave

    Year built
    1966
    Property type
    Commercial real estate

    Description

    This exceptional value-add opportunity presents a 4-unit multifamily property in Tampa, Florida. Located at 2901 N Albany Ave, this 1966-built, two-story quadplex sits on a 7,488 sq ft lot and is zoned CI. Currently boasting 100% occupancy with four 1-bedroom, 1-bathroom units, each unit features separate electric meters for efficient utility management, while water services are combined for convenience. All units will be vacant at closing, providing immediate flexibility for the new owner. Priced at $599,000 ($149,750 per unit), this property offers strong potential for rental income and future appreciation. Its prime location in West Tampa places it within 15 minutes of Downtown Tampa and Tampa International Airport, benefiting from the area's significant growth and development, including proximity to Midtown, Rome Yard Development, and West River Development. This presents a compelling investment opportunity in a thriving neighborhood with increasing walkability and value. The property's solid foundation and potential for redevelopment or value-add improvements make it an attractive asset for discerning investors seeking stable returns in a rapidly evolving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4824731
    Latitude
    27.9661241

    Comparable in this City

    • $2,545,000
      7,104 SF

      Tampa Mixed-Use Investment Opportunity

      Recently renovated mixed-use property near Midtown Tampa.
      3221-3233 Cypress St, Tampa, FL 33607
      View Details
    • $515,000
      1,421 SF

      Tampa Duplex Zoned Commercial

      Duplex near downtown and airport, zoned commercial, development potential.
      1909 W Green St, Tampa, FL 33607
      View Details
    • $450,000
      1,500 SF

      Renovated Duplex in West Tampa

      Renovated duplex with strong income potential near University of Tampa.
      2906 W Chestnut St, Tampa, FL 33607
      View Details
    • $550,000
      2,028 SF

      Tampa Multifamily Property with Income Potential

      Four-unit property in Tampa, offering immediate cash flow and upside.
      3324 W Abdella St, Tampa, FL 33607
      View Details
    • $6,900,000
      31,540 SF

      Tampa Bay Boulevard Multi-Family Investment

      32-Unit Condo Building, Riverfront Location
      2424 Tampa Bay Blvd, Tampa, FL 33607
      View Details
    • $6,000,000

      Vacant Condo Building Near River

      32-unit condo building with river access, owner-occupied sales only.
      2424 W Tampa Bay Blvd, Tampa, FL 33607
      View Details

    Similar Nearby for Sale

    • $2,545,000
      7,104 SF

      Tampa Mixed-Use Investment Opportunity

      Recently renovated mixed-use property near Midtown Tampa.
      3221-3233 Cypress St, Tampa, FL 33607
      View Details
    • $515,000
      1,421 SF

      Tampa Duplex Zoned Commercial

      Duplex near downtown and airport, zoned commercial, development potential.
      1909 W Green St, Tampa, FL 33607
      View Details
    • $450,000
      1,500 SF

      Renovated Duplex in West Tampa

      Renovated duplex with strong income potential near University of Tampa.
      2906 W Chestnut St, Tampa, FL 33607
      View Details
    • $550,000
      2,028 SF

      Tampa Multifamily Property with Income Potential

      Four-unit property in Tampa, offering immediate cash flow and upside.
      3324 W Abdella St, Tampa, FL 33607
      View Details
    • $6,900,000
      31,540 SF

      Tampa Bay Boulevard Multi-Family Investment

      32-Unit Condo Building, Riverfront Location
      2424 Tampa Bay Blvd, Tampa, FL 33607
      View Details
    • $6,000,000

      Vacant Condo Building Near River

      32-unit condo building with river access, owner-occupied sales only.
      2424 W Tampa Bay Blvd, Tampa, FL 33607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,173 SF

      Mixed-Use Property for Lease

      Class A office, residential, hotel space available for lease.
      1001 N Dale Mabry Hwy, Tampa, FL 33607
      View Details
    • $22 SF/Yr
      6,071 SF

      Prime Medical Office Condo - Tampa

      6,071 SF Medical Office Condo for Lease
      4200 Armenia Ave, Tampa, FL 33607
      View Details
    • $62 SF/Yr
      4,000 SF

      Westshore Executive Office Suites

      Tampa Office Space for Lease
      1311 Church Ave, Tampa, FL 33607
      View Details
    • $10 SF/Yr
      7,360 SF

      Westshore Warehouse: 7,360 SF

      Prime Westshore industrial space; immediate occupancy.
      4920 La Salle St, Tampa, FL 33607
      View Details
    • $22 SF/Yr
      28,286 SF

      Tampa Executive Suites: Westshore Plaza

      Prestigious Tampa office space, flexible terms.
      0 West Shore Blvd, Tampa, FL 33607
      View Details
    • $2,500 /Mo
      1,184 SF

      West Tampa Auto Shop Lease

      Auto shop for lease in the heart of West Tampa.
      1919 W Saint Joseph St, Tampa, FL 33607
      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.
    2901 Albany Ave
    Tampa, FL 33607
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.