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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3730 Midtown Dr Tampa, FL 33607-4812

    • High-rise multifamily apartments
    • 437,036 SF
    OFF-MARKET
    Last Sale
    May 24, 2022
    $236,467,700
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7820759
    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

    • High-rise multifamily apartments

    Property Details for 3730 Midtown Dr

    Year built
    2021
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    437,036 SF
    Zone code
    PD
    Property type
    High-rise multifamily apartments
    APN
    A162918B86000000MF0010
    APU
    A162918B86000000MF0010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $172,334,000
      Market price range: $10.7M - $293M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $160,320,000
      Current use
      RESTAURANT
      $210,700,000
      Change: +31% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.504
    Latitude
    27.9534
    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
    $3,392,920
    $5,850,000
    $169,429,800
    $175,279,800
    -
    $5,850,000
    $169,429,800
    $175,279,800

    Comparable in this City

    • Value Estimation
      $10,820,000
      144,349 SF

      1345 Main St

      HIGH-RISE APARTMENTS • 144,349 SF
      1345 Main St, Tampa, FL 33607-4400
      View Details
    • Value Estimation
      $8,385,000
      83,207 SF

      7616 Courtney Campbell Cswy

      HIGH-RISE APARTMENTS • 83,207 SF
      7616 Courtney Campbell Cswy, Tampa, FL 33607-1417
      View Details
    • Value Estimation
      $5,860,000
      74,559 SF

      2946 Columbus Dr

      HIGH-RISE APARTMENTS • 74,559 SF
      2946 Columbus Dr, Tampa, FL 33607-2209
      View Details
    • Value Estimation
      $32,105,000
      298,173 SF

      4310 Spruce St

      HIGH-RISE APARTMENTS • 298,173 SF
      4310 Spruce St, Tampa, FL 33607-4177
      View Details
    • Value Estimation
      $12,130,000
      137,203 SF

      1701 Lois Ave

      HIGH-RISE APARTMENTS • 137,203 SF
      1701 Lois Ave, Tampa, FL 33607-2352
      View Details
    • Value Estimation
      $16,035,000
      201,702 SF

      2202 Lois Ave

      HIGH-RISE APARTMENTS • 201,702 SF
      2202 Lois Ave, Tampa, FL 33607-2530
      View Details

    Similar Nearby for Sale

    • $6,000,000

      Vacant Condo Building Near River

      32-unit condo building with river access, owner-occupied sales only.
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      Tampa Mixed-Use Investment Opportunity

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      Tampa Multifamily Property with Income Potential

      Four-unit property in Tampa, offering immediate cash flow and upside.
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      Renovated duplex near University of Tampa, potential for long-term or Airbnb.
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      Triplex in Tampa, FL with rental income and event parking.
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    Similar Nearby for Lease

    • Contact for pricing
      1,173 SF

      Mixed-Use Property for Lease

      Class A office, residential, hotel space available for lease.
      1001 N Dale Mabry Hwy, Tampa, FL 33607
      View Details
    • $25 SF/Yr
      13,980 SF

      St. Isabel Professional Suites, Tampa

      Prime Tampa Office Space, Two Suites Available
      2810 St Isabel St, Tampa, FL 33607
      View Details
    • $9,200 /Mo
      8,500 SF

      West Tampa Warehouse/Showroom/Office Space

      8,500 SF warehouse/showroom/office space available for lease in Tampa, FL.
      2318 W Columbus Dr, Tampa, FL 33607
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    • Contact for pricing
      11,224 SF

      Westshore Boulevard Office Space Available

      Office space for rent in Tampa's Westshore City Center.
      1211 N West Shore Blvd, Tampa, FL 33607
      View Details
    • Contact for pricing
      2,666 SF

      Class A Office Space Available

      Class A office space in a highly visible location.
      4200 W Cypress St, Tampa, FL 33607
      View Details
    • Contact for pricing
      30,000 SF

      Tampa Office Space For Rent

      30000 square feet of office space available for rent.
      4209 W Boy Scout Blvd, Tampa, FL 33607
      View Details
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    3730 Midtown Dr
    Tampa, FL 33607-4812
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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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