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Property profile

3546 N 40Th St Tampa, FL 33605

Showrooms
Property ID
US18-4893087
View Sample
4,028 SF 0.36 ac lot Built 1963
Entity Owned 12-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents two side-by-side industrial warehouse properties located at 3546 and 3550 N 40th St, Tampa, FL 33605, in Hillsborough County. The combined property offers a substantial 5,855 square feet of space, currently occupied by month-to-month tenants, providing immediate cash flow. Priced at $2,000,000, this represents a compelling price per square foot of $341.59. The sale is structured as a 1031 exchange, offering significant tax advantages for qualified investors. This prime Tampa location boasts excellent visibility and accessibility, making it ideal for a variety of commercial uses. The properties are being sold together as a package deal. The gross lease structure simplifies management and maximizes return on investment. This multi-tenant setup offers diversification and potential for future rent increases. The strategic location within a thriving business community ensures strong tenant demand and long-term value appreciation. Don't miss this chance to acquire a high-yield, multi-tenant industrial property in a rapidly growing market. This is a rare opportunity to own a significant piece of Tampa's commercial landscape. The properties are situated in a high-traffic area, ensuring maximum exposure for any business operating within. This is a turnkey investment ready for immediate income generation.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1963
Construction STEEL FRAME
Total area 4,028 SF
Lot 0.36 ac (15,700 SF)
Zoning code IG
APN A0929194O00000B1000012
UPID US18-4893087

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Dealership
  • Kitchen & Bath Showroom Interior Design

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2007
Price N/A
2007
Price N/A

Zoning & alternative use

IG · Tampa, FL
Zoning description

tegories 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 - CI, CG, CN • Industrial - IH,…

General category INDUSTRIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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