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

    3802 Ehrlich Rd Tampa, FL 33624-2378

    • Office buildings
    • 37,132 SF
    • 2.31 lot acres
    OFF-MARKET
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5432461
    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

    • LabXTier / Laboratory Equipment Supplier
    • Turke Orthodontics / Orthodontist / Dental Clinic
    • Megan Sutsko, PsyD / Psychologist
    • Kelly E. Shannon, LCSW / Doctor
    • Lerch Bates / Building Restoration Service / Elevator Service

    Property Details for 3802 Ehrlich Rd

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.31 lot acres
    Property size
    37,132 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    U042818ZZZ000000796700
    APU
    U042818ZZZ000000796700

    Description

    Ehrlich Plaza, situated at 3802 Ehrlich Rd, Tampa, FL 33618, presents a unique investment opportunity. This single, well-maintained building totaling 32,000 square feet offers a variety of office spaces suitable for various needs. The property's strategic location at the prominent southwest corner of Ehrlich Road and Dale Mabry Highway ensures high visibility and accessibility. Currently, there are 25 suites in total, with 4,000 square feet of vacant space available for lease. The available spaces range from 1,000 to 1,335 square feet, ideal for businesses seeking flexible and adaptable work environments. Ehrlich Plaza caters to a diverse range of tenants, accommodating traditional office, executive office, and medical office uses. Recent extensive renovations and a comprehensive rebranding initiative have modernized the property, enhancing its appeal and functionality. The building's prime location within the thriving Carrollwood area offers excellent access to amenities, transportation, and a strong workforce. This is an exceptional opportunity to secure office space in a highly visible and well-maintained building in a desirable Tampa location. The property is classified as Retail and Office, with multiple tenancies available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5071
    Latitude
    28.0841
    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
    $69,747
    $1,008,957
    $2,933,443
    $3,942,400
    -
    $1,008,957
    $2,933,443
    $3,942,400

    Comparable in this City

    • Value Estimation
      $485,000
      11,340 SF

      4917 Ehrlich Rd

      OFFICE BUILDING • 11,340 SF
      4917 Ehrlich Rd, Tampa, FL 33624-2005
      View Details
    • Value Estimation
      $465,000
      1,500 SF

      5901 Linebaugh Ave

      OFFICE BUILDING • 1,500 SF
      5901 Linebaugh Ave, Tampa, FL 33624-5097
      View Details
    • Value Estimation by Request
      1,781 SF

      4949 Marbrisa Dr

      OFFICE BUILDING • 1,781 SF
      4949 Marbrisa Dr, Tampa, FL 33624-6372
      View Details
    • Value Estimation
      $510,000
      3,036 SF

      5111 Ehrlich Rd

      OFFICE BUILDING • 3,036 SF
      5111 Ehrlich Rd, Tampa, FL 33624-2075
      View Details
    • Value Estimation
      $760,000
      4,124 SF

      4520 Linebaugh Ave

      OFFICE BUILDING • 4,124 SF
      4520 Linebaugh Ave, Tampa, FL 33624-5128
      View Details
    • Value Estimation
      $395,000
      2,620 SF

      4230 Linebaugh Ave

      OFFICE BUILDING • 2,620 SF
      4230 Linebaugh Ave, Tampa, FL 33624-5241
      View Details

    Similar Nearby for Sale

    • $1,400,000
      5,050 SF

      Professional Office Building For Sale

      Well-maintained office building with two units, strong investment opportunity.
      4242-4244 W Linebaugh Ave, Tampa, FL 33624
      View Details
    • $1,345,000
      4,500 SF

      Professional Office in Crowne Point

      4,500 SF professional office space for sale.
      4260 W Linebaugh Ave, Tampa, FL 33624
      View Details
    • $1,750,000

      Specialty Property in Tampa, Florida

      Specialty property available for sale in Tampa, Florida.
      15509 Casey Rd, Tampa, FL 33624
      View Details
    • $150,000

      Ready-to-Build Site in Central Location

      Centrally located land with existing utilities, ready for development.
      12321 Cambridge Ave, Tampa, FL 33624
      View Details
    • New
      $950,000
      2.41 Acres

      Tampa Land in Carrollwood Area

      Vacant lot in Tampa's Carrollwood area with commercial potential.
      5927 Lynn Rd, Tampa, FL 33624
      View Details
    • New
      $950,000
      2.41 Acres

      Tampa Land in Carrollwood Area

      Vacant lot in Tampa's Carrollwood area with commercial potential.
      5927 Lynn Rd, Tampa, FL 33624
      View Details

    Similar Nearby for Lease

    • $2,900,000
      4,212 SF

      Tampa Office Building For Rent

      High-quality office building in Tampa, Florida, built in 2007.
      5252 Ehrlich Rd, Tampa, FL 33624
      View Details
    • $23 SF/Yr

      Office Building with Extensive Glass

      42,930 SF office building featuring extensive glass in Tampa.
      4014 Gunn Hwy #110, Tampa, FL 33624
      View Details
    • $23 SF/Yr

      Garden-Style Office Building For Rent

      38,891 SF garden-style office in Northwest Tampa's Carrollwood area.
      4010 Gunn Hwy #220, Tampa, FL 33624
      View Details
    • $17 SF/Yr
      40,000 SF

      Tampa Office Space: 40,000 SF

      Class A Office, Newly Renovated
      4406 Linebaugh Ave, Tampa, FL 33624
      View Details
    • $2,083 /Mo
      1,000 SF

      Carrollwood Area Professional Office Space

      Professional office space in a sought-after Carrollwood location.
      14926-14928 Casey Rd, Tampa, FL 33624
      View Details
    • $22 SF/Yr
      2,623 SF

      Office Space with Atrium Entrance

      Two-story office building featuring a prominent atrium entrance.
      3810 Northdale Blvd, Tampa, FL 33624
      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.
    3802 Ehrlich Rd
    Tampa, FL 33624-2378
    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.