3711 Tampa Rd, Oldsmar, FL 34677-6309
- Office buildings
- 9,897 SF
- 0.95 lot acres
Current Use by Public Records
- SouthState Bank / Bank / Loan Service
- Gents' Barber / Barber Shop
- E Salon Services / Hair Salon
Property Details for 3711 Tampa Rd
- Year built
- 1986
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.95 lot acres
- Property type
- Office buildings
- APN
- 14-28-16-00000-330-0320
- APU
- 142816000003300320
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 28, 2022 | $3,200,000 | Pv Tampa Forest LLC | Pjw Properties II LLC | Special Warranty Deed | $2.1M · Valley Bank |
| Sep 7, 2016 | — | Pjw Properties II LLC | — | Deed · related | — |
| Apr 30, 2003 | $1,615,000 | Pjw Properties II LLC | Mclean,david M & Claudia B | Grant Deed | — |
| — | — | Pjw Properties II LLC | — | Deed Of Trust · related | $500k · Jefferson Bank |
| — | — | Pjw Properties II LLC | — | Deed Of Trust · related | $800k · Jefferson Bank |
| — | — | Pjw Properties II LLC | — | Deed Of Trust · related | $1.3M · Jefferson Bank |
| — | — | Pjw Properties II LLC | — | Loan Modification · related | — |
| — | — | Pjw Properties II LLC | — | Deed Of Trust · related | $1.1M · Madison Bank |
Description
This exceptional 6,979 square foot medical office building presents a unique investment opportunity in Oldsmar, Florida. Situated on a 0.95-acre lot at the highly visible corner of Tampa Road and Forest Lakes Boulevard, this single-tenant property boasts a prime location within a thriving retail center anchored by ALDI and Ross. Built in 1986, the building offers ample space suitable for various medical, office, or retail uses. The property benefits from exceptional visibility and accessibility, with 71,000 vehicles traversing this key intersection daily. This strategic location within Pinellas County places the property within a densely populated area, serving a substantial market. The surrounding area boasts a strong demographic profile, with 70,000 residents within a 3-mile radius and an average household income exceeding $103,000. The total building size is 9,638 square feet, offering potential for expansion or future development. This property represents a compelling investment opportunity in a high-growth area with significant potential for long-term returns. The property is located in Pinellas County and is a single building on a 0.95 acre lot. The building is suitable for a variety of uses including medical, office, and retail.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,950,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,730,000
- 6.5%
- $2,520,000
- 7%
- $2,340,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,325,000
- AI Estimate
- $2,325,000
Market price range: $1.67M - $2.33MMarket price range: $1.67M - $2.33M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,945,000 Current use
- AUTO REPAIR, GARAGE
- $4,100,000 Change: +111% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,745,000 Change: +41% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,500,000 Change: +29% Conversion: Easy
- RETAIL STORES
- $2,185,000 Change: +12% Conversion: Moderate
- WAREHOUSE, STORAGE
- $2,135,000 Change: +10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Oldsmar
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6778
- Latitude
- 28.0441
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
