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

    32939 College Ave San Antonio, FL 33576-7070

    • Office buildings
    • 1,106 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9730667
    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

    • Jovita Insurance Agency, Inc. / Insurance Agency / Auto Insurance Agency
    • St Angela's Farmers Market / Store
    • Paul Midili Realty Inc / Real Estate Agency

    Property Details for 32939 College Ave

    Year built
    1936
    Lot size
    0.48 lot acres
    Property size
    1,106 SF
    Zone code
    00A0
    Property type
    Office buildings
    APN
    02-25-20-0010-00500-0010
    APU
    225200010005000010

    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
    San Antonio
    County
    Pasco
    State
    Florida
    Longitude
    -82.2711
    Latitude
    28.336
    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
    $742
    $41,461
    $15,576
    $57,037
    -
    $41,461
    $15,576
    $57,037

    Comparable in this City

    • Value Estimation by Request
      4,176 SF

      11911 Curley St

      OFFICE BUILDING • 4,176 SF
      11911 Curley St, San Antonio, FL 33576-8200
      View Details
    • Value Estimation
      $615,000
      5,240 SF

      32223 Michigan Ave

      OFFICE BUILDING • 5,240 SF
      32223 Michigan Ave, San Antonio, FL 33576-7063
      View Details
    • Value Estimation by Request
      2,300 SF

      12409 Curley St

      OFFICE BUILDING • 2,300 SF
      12409 Curley St, San Antonio, FL 33576-8081
      View Details
    • Value Estimation
      $2,825,000
      7,168 SF

      31722 County Rd 52

      OFFICE BUILDING (MULTI-STORY) • 7,168 SF
      31722 County Rd 52, San Antonio, FL 33576-8047
      View Details
    • Value Estimation by Request
      1,200 SF

      12237 Main St

      OFFICE BUILDING • 1,200 SF
      12237 Main St, San Antonio, FL 33576-7201
      View Details
    • Value Estimation by Request
      2,250 SF

      32745 Pennsylvania Ave

      OFFICE BUILDING • 2,250 SF
      32745 Pennsylvania Ave, San Antonio, FL 33576-7026
      View Details

    Similar Nearby for Sale

    • $1,395,000
      3.30 Acres

      San Antonio Commercial Land Investment

      3.3 Acres, C2 & R3 Zoning, High Traffic
      32946 College Ave, San Antonio, FL 33576
      View Details
    • $1,100,000
      2.00 Acres

      SR 52 Prime Development Land

      2 Acres, High-Visibility Location
      11637 Emmaus Cemetery Rd, San Antonio, FL 33576
      View Details
    • $190,000
      0.58 Acres

      Charming Old Florida Gem

      Spacious corner lot near St. Leo University.
      11951 Wichers Ln, San Antonio, FL 33576
      View Details
    • Contact for pricing

      Land Near Metro Lagoon

      Land suitable for retail or high-density residential development.
      11210 Wirt Rd, San Antonio, FL 33576
      View Details
    • $3,500,000

      Commercial Land For Sale

      Commercial land available for sale.
      32551 Leonard Rd, San Antonio, FL 33576
      View Details
    • $1,024,000

      Commercial Land Ready For Development

      Land with MPUD in place, ideal for various businesses.
      32542 Pennsylvania Ave, San Antonio, FL 33576
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      65,340 SF

      Abbey Crossings Outparcels

      San Antonio, FL retail & office space
      11156 Mckendree Rd, San Antonio, FL 33576
      View Details
    • Contact for pricing
      50,094 SF

      Prime San Antonio Commercial Land

      6.81 Acres, High Visibility, Retail Opportunity
      0 Nwc Of State Rd 52 & Curley Rd, San Antonio, FL 33576
      View Details
    • Contact for pricing

      Land with Extensive Road Frontage

      Commercial land for rent with significant frontage on SR 52.
      31668 Hartman Rd, San Antonio, FL 33576
      View Details
    • $1,500,000

      Commercial Land For Lease

      Land suitable for restaurant, retail, office, or medical use.
      31157 State Road 52, San Antonio, FL 33576
      View Details
    • Contact for pricing
      35,000 SF

      Retail Space in San Antonio

      35,000 SF retail property available for lease.
      11610 Corporate Lake Blvd, San Antonio, FL 33576
      View Details
    • Contact for pricing
      10,000 SF

      Pasco County Retail Center Opportunity

      New Retail Space, Grocery-Anchored
      52 & Corporate Lk Blvd, San Antonio, FL 33576
      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.
    32939 College Ave
    San Antonio, FL 33576-7070
    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.