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    3705 Tampa Rd Oldsmar, FL 34677
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    Property profile & analytics

    3705 Tampa Rd Oldsmar, FL 34677

    View on Map
    • Community centers
    • 8,800 SF
    • 11.21 lot acres
    For Lease
    $3,910,000
    View Listing →
    Prime Retail Outparcel For Lease For Lease
    $3,910,000
    2,500 SF

    Prime Retail Outparcel For Lease

    High-traffic retail outparcel in affluent, densely populated area.

    3705 Tampa Rd, Oldsmar, FL
    View Listing
    Property ID
    US18-3889005
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • JGoody Cafe Bakery / Cafe & Coffee Shop
    • ALDI / Specialty Food Shop / Supermarket
    • Julie Smith / Physician
    • Amazon Locker - Asterix / Postal Service / Courier Service
    • Atlantis Clinic Urgent Care and Family Medicine / Medical Clinic

    Property Details for 3705 Tampa Rd

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.21 lot acres
    Property size
    8,800 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    14-28-16-00000-330-0300
    APU
    142816000003300300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,909,000
      Market price range: $1.25M - $3.91M
      AI Estimate
      $3,909,000
      Market price range: $1.25M - $3.91M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,445,000
      Current use
      COMMERCIAL (GENERAL)
      $5,485,000
      Change: +125% Conversion: Easy
      RESTAURANT
      $4,985,000
      Change: +104% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,645,000
      Change: +49% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6783
    Latitude
    28.0455
    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
    $135,605
    $0.00
    $0.00
    $7,775,000
    -
    $2,817,429
    $4,957,571
    $7,775,000

    Comparable in this City

    • Value Estimation by Request
      31,120 SF

      4013 Tampa Rd

      Lifestyle centers • 31,120 SF
      4013 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Value Estimation
      $11,270,000
      25,371 SF

      3150 Tampa Rd

      MINI-MALL • 25,371 SF
      3150 Tampa Rd, Oldsmar, FL 34677-2291
      View Details
    • Value Estimation
      $18,225,000
      85,244 SF

      3140 Tampa Rd

      MINI-MALL • 85,244 SF
      3140 Tampa Rd, Oldsmar, FL 34677-2289
      View Details
    • Value Estimation
      $500,000
      3,520 SF

      201 Saint Petersburg E Dr

      SHOPPING CENTER, STRIP CENTER • 3,520 SF
      201 Saint Petersburg E Dr, Oldsmar, FL 34677-3709
      View Details
    • Value Estimation by Request
      1,404 SF

      3671 State Rd 580th W

      SHOPPING CENTER, STRIP CENTER • 1,404 SF
      3671 State Rd 580th W, Oldsmar, FL 34677-5617
      View Details
    • Value Estimation
      $695,000
      1,560 SF

      3696 Tampa Rd

      SHOPPING CENTER, STRIP CENTER • 1,560 SF
      3696 Tampa Rd, Oldsmar, FL 34677-6305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,850 SF

      Retail/Office Condo on Tampa Road

      Large condo suitable for retail, office, or medical use.
      3684 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Oldsmar Industrial Land For Sale

      5.6 acre industrial land with 2.21 buildable acres.
      Commerce Blvd, Oldsmar, FL 34677
      View Details
    • $1,750,000
      6,100 SF

      Renovated Flex Space in Oldsmar

      Turn-key flex industrial/office property with recent improvements, ideal for investors.
      325 Mears Blvd, Oldsmar, FL 34677
      View Details
    • $320,000
      Pending

      Prime Commercial Acreage in Oldsmar

      Development opportunity in growing downtown Oldsmar near upcoming mixed-use project.
      St Petersburg Dr, Oldsmar, FL 34677
      View Details
    • $243,900
      1.13 Acres

      Oldsmar Vacant Lot Opportunity

      1.13-acre vacant lot in Oldsmar, build your dream home.
      Strathmore Ave, Oldsmar, FL 34677
      View Details
    • New
      $299,000
      0.35 Acres

      Oversized Lot in Oldsmar Heart

      Buildable lot in a rapidly developing waterfront-adjacent neighborhood.
      505 Federal St, Oldsmar, FL 34677
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Forrest Lakes Plaza

      Retail spaces available at busy Tampa Road and Forest Lakes.
      3711 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Space in Oldsmar Center

      Retail spaces available in a busy Oldsmar shopping center.
      3150 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Spaces on Tampa Road

      Retail spaces available in Oldsmar, excellent visibility and access.
      4022-4058 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      1,381 SF

      Retail Spaces on Tampa Road

      Retail spaces available with high visibility and multiple access points.
      4022-4040 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      2,310 SF

      Retail Space in North Tampa

      Retail space available in North Tampa Shores Shopping Center.
      4011 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      915 SF

      Retail Spaces in Anchored Center

      Retail and restaurant spaces available in a busy shopping center.
      3150 Tampa Rd, Oldsmar, FL 34677
      View Details
    View Listing
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    Oldsmar, FL 34677
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    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
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