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

    3508 Florida Ave Tampa, FL 33603-5817

    • Warehouses
    • 1,120 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    3.4%
    Warehouses
    Location Intelligence
    Property ID
    US18-1838948
    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

    • Hurricane Clean / Pressure Washing Service
    • Cobb Brothers / Auto Upholsterer / Auto Glass Shop

    Property Details for 3508 Florida Ave

    Year built
    1946
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    1,120 SF
    Zone code
    CI
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    A1229184HZ000020000050
    APU
    A1229184HZ000020000050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $264,000
      Market price range: $110k - $265k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $305,000
      NEIGHBORHOOD: SHOPPING CENTER
      $290,000
      OFFICE BUILDING
      $285,000
      RETAIL STORES
      $250,000
      AUTO REPAIR, GARAGE
      $215,000
      COMMERCIAL (GENERAL)
      $215,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4596
    Latitude
    27.9765
    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
    $7,192
    $280,000
    $73,979
    $353,979
    -
    $280,000
    $73,979
    $353,979

    Comparable in this City

    • Value Estimation
      $480,000
      3,057 SF

      4415 Florida Ave

      MINI-WAREHOUSE, STORAGE • 3,057 SF
      4415 Florida Ave, Tampa, FL 33603-3823
      View Details
    • Value Estimation
      $250,000
      1,200 SF

      918 Dr Martin Luther King Jr Blvd

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      918 Dr Martin Luther King Jr Blvd, Tampa, FL 33603-3201
      View Details
    • Value Estimation
      $225,000
      1,200 SF

      5208 9th St

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      5208 9th St, Tampa, FL 33603
      View Details
    • Value Estimation
      $2,110,000
      15,270 SF

      4708 Nebraska Ave

      MINI-WAREHOUSE, STORAGE • 15,270 SF
      4708 Nebraska Ave, Tampa, FL 33603-4016
      View Details
    • Value Estimation
      $220,000
      1,600 SF

      4620 Florida Ave

      MINI-WAREHOUSE, STORAGE • 1,600 SF
      4620 Florida Ave, Tampa, FL 33603-3700
      View Details
    • Value Estimation by Request
      124,389 SF

      2320 Hillsborough Ave

      MINI-WAREHOUSE, STORAGE • 124,389 SF
      2320 Hillsborough Ave, Tampa, FL 33603-1053
      View Details

    Similar Nearby for Sale

    • $499,000
      4,850 SF

      Tampa Flex Warehouse For Sale

      Flex warehouse in central Tampa location with easy highway access.
      3900 N Marguerite Ave, Tampa, FL 33603
      View Details
    • $4,000,000

      Tampa Heights Land - $4M

      1.16-Acre Commercial/Residential Lot
      3016 Florida Ave, Tampa, FL 33603
      View Details
    • $1,250,000

      Seminole Heights Retail Building

      Prime Tampa location, high traffic area.
      4408 Nebraska Ave, Tampa, FL 33603
      View Details
    • $495,000
      1,074 SF

      Redevelopment Opportunity on Martin Luther King Jr Blvd

      Redevelopment opportunity on high-traffic Martin Luther King Jr Blvd.
      1318 E Dr Martin Luther King Jr Blvd, Tampa, FL 33603
      View Details
    • $775,000
      2,106 SF

      Profitable Hostel in Tampa Heights

      Income-producing hostel with private and shared rooms, prime Tampa location.
      3109 N Ola Ave, Tampa, FL 33603
      View Details
    • $680,000

      Ybor Heights Income-Producing Triplex

      Turn-key, fully furnished triplex in Ybor Heights, Tampa.
      1402 E 33Rd Ave, Tampa, FL 33603
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building on Hillsborough Avenue

      Freestanding building with dedicated parking and high traffic volume.
      Tampa, FL 33603
      View Details
    • Contact for pricing

      Land Lease Opportunity

      Two parcels of land available for lease or build-to-suit.
      E Dr Martin Luther King Jr Blvd, Tampa, FL 33603
      View Details
    • $5,000 /Mo
      1,830 SF

      Restaurant Space in Ybor Heights

      Prime restaurant space with high visibility in Tampa's Ybor Heights.
      3607 N Nebraska Ave, Tampa, FL 33603
      View Details
    • $17 SF/Yr
      2,860 SF

      Tampa Retail Showroom For Rent

      Vintage retail showroom with high ceilings and large display windows.
      4709 N Florida Ave, Tampa, FL 33603
      View Details
    • $25 SF/Yr
      15,022 SF

      Tampa Retail Site - Nebraska Ave

      High-traffic freestanding retail space
      3917 Nebraska Ave, Tampa, FL 33603
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space on Hillsborough Avenue

      Retail space with dedicated parking and high traffic volume.
      2101 W Hillsborough Ave, Tampa, FL 33603
      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.
    3508 Florida Ave
    Tampa, FL 33603-5817
    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.