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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    308 Rome Ave Tampa, FL 33606-1642

    • Commercial land
    • 3,360 SF
    • 0.55 lot acres
    OFF-MARKET
    Last Sale
    Feb 04, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4467034
    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 land

    Property Details for 308 Rome Ave

    Year built
    1962
    Construction
    STEEL FRAME
    Lot size
    0.55 lot acres
    Property size
    3,360 SF
    Zone code
    IG
    Property type
    Commercial land
    APN
    A2329184S5000004000200
    APU
    A2329184S5000004000200

    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
    -82.4773
    Latitude
    27.9471
    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
    $8,138
    $361,950
    $761
    $362,711
    -
    $361,950
    $761
    $362,711

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      213 Fremont Ave

      VACANT COMMERCIAL LAND • 0.15 Acres
      213 Fremont Ave, Tampa, FL 33606-1704
      View Details
    • Value Estimation by Request
      0.03 Acres

      Tampa, FL 33606

      VACANT COMMERCIAL LAND • 0.03 Acres
      Tampa, FL 33606
      View Details
    • Value Estimation
      $785,000
      0.36 Acres

      1901 Kennedy Blvd

      VACANT COMMERCIAL LAND • 3,571 SF
      1901 Kennedy Blvd, Tampa, FL 33606-1530
      View Details
    • Value Estimation by Request
      0.23 Acres

      901 Howard Ave

      VACANT COMMERCIAL LAND • 4,340 SF
      901 Howard Ave, Tampa, FL 33606-1028
      View Details
    • Value Estimation by Request
      0.11 Acres

      113 Willow Ave

      VACANT COMMERCIAL LAND • 2,048 SF
      113 Willow Ave, Tampa, FL 33606-1945
      View Details
    • Value Estimation by Request
      0.11 Acres

      407 Azeele St

      VACANT COMMERCIAL LAND • 0.11 Acres
      407 Azeele St, Tampa, FL 33606-2201
      View Details

    Similar Nearby for Sale

    • $995,000

      Davis Island Building Lot

      Residential lot on Davis Island with demolition scheduled in July.
      507 Danube Ave, Tampa, FL 33606
      View Details
    • $4,599,999
      0.34 Acres

      Waterfront Lot on Bahama Circle

      Rare canal-front lot on Davis Islands with new seawall.
      18 Bahama Cir, Tampa, FL 33606
      View Details
    • $2,999,999
      0.31 Acres

      Waterfront Land on Davis Islands

      Oversized waterfront lot for custom home in desirable Tampa neighborhood.
      418 Blanca Ave, Tampa, FL 33606
      View Details
    • $1,250,000
      0.26 Acres

      Davis Island Land Opportunity

      Premier corner lot to build your dream home on Davis Island.
      503 Severn Ave, Tampa, FL 33606
      View Details
    • $8,750,000
      0.33 Acres

      Davis Islands Open Bay Opportunity

      Rare 14,000 sq ft waterfront lot on Davis Islands.
      214 Blanca Ave, Tampa, FL 33606
      View Details
    • $795,000
      0.19 Acres

      Davis Islands Buildable Lot

      Prime lot for custom dream home in Tampa's Davis Islands.
      622 Danube Ave, Tampa, FL 33606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,654 SF

      South Tampa Office Space Available

      Charming freestanding office, 1654 sq ft.
      404 Howard Ave, Tampa, FL 33606
      View Details
    • Contact for pricing
      9,572 SF

      Retail Space in North Hyde Park

      New retail development in Tampa's growing North Hyde Park.
      202 N Rome Ave, Tampa, FL 33606
      View Details
    • $1,250 /Mo
      3,045 SF

      Tastefully Decorated Office in Tampa

      Professional office space in the heart of South Tampa's Hyde Park.
      1550 W Cleveland St, Tampa, FL 33606
      View Details
    • Contact for pricing
      6,953 SF

      Tampa Office Space - Platt Street

      South Tampa Office: 3,600 SF Available
      2102 Platt St, Tampa, FL 33606
      View Details
    • $22 SF/Yr
      1,073 SF

      South Tampa Medical/Professional Office

      South Tampa/Hyde Park office space with ample parking.
      2111 W Swann Ave, Tampa, FL 33606
      View Details
    • Contact for pricing
      1,805 SF

      SoHo District Office Space

      Office space available in South Tampa's popular SoHo district.
      936-942 S Howard Ave, Tampa, FL 33606
      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.
    308 Rome Ave
    Tampa, FL 33606-1642
    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.