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Property profile

3016 N Florida Ave Tampa, FL 33603

Showrooms
Property ID
US18-4669547
View Sample
4,296 SF 1.15 ac lot Built 1988
Entity Owned 14-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 1.16-acre parcel, located at 3016 N Florida Ave in Tampa, Florida's desirable Tampa Heights district, presents a unique urban infill redevelopment opportunity. Zoned CI, this property offers significant potential for a variety of commercial and residential uses. The site is conveniently situated approximately one mile north of Armature Works, a vibrant hub of activity, and enjoys a short four-minute drive time to this popular destination. Commuters will appreciate the property's proximity to major employment centers, including a fifteen-minute drive to the Westshore Business District and a six-minute drive to Downtown Tampa. Easy access to interstate highways ensures seamless connectivity throughout the region. The property's Folio number is 182348-0000. This is a qualified Opportunity Zone, offering potential tax advantages for eligible investors. The asking price for this prime piece of Tampa real estate is $4,000,000. The property's location within Hillsborough County, zip code 33603, offers a blend of urban convenience and residential appeal. This is an exceptional opportunity to capitalize on the growth and revitalization of Tampa Heights. The site's size and zoning provide considerable flexibility for developers seeking to create a landmark project in a thriving urban setting. The property's strategic location offers unparalleled access to Tampa's key business districts and transportation networks.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1988
Construction STEEL FRAME
Total area 4,296 SF
Lot 1.15 ac (50,196 SF)
Zoning code CI
APN A1229184QS000000000010
UPID US18-4669547

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$890k
Comparable Approach Comparable
$813k
Blend (final) Blend
$410k

Owner & transaction history

Zoning & alternative use

CI · Tampa, FL
Zoning description

rty as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial -…

General category COMMERCIAL
Top alternative use upside
Medical building $1.2M +41.9%
Neighborhood: shopping center $1.1M +36.6%
Office building $1.1M +33.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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