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    3826 Waters Ave Tampa, FL 33614-2011
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    Property profile & analytics

    3826 Waters Ave Tampa, FL 33614-2011

    View on Map
    • Hotels
    • 40,097 SF
    • 3.09 lot acres
    Off-Market
    Property ID
    US18-3921165
    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
    $4,230,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Quinta Inn & Suites by Wyndham Tampa Central / Hotel & Motel

    Property Details for 3826 Waters Ave

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    3.09 lot acres
    Property size
    40,097 SF
    Zone code
    PD
    Property type
    Hotels
    APN
    U2828189LW000000000020
    APU
    U2828189LW000000000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,285,000
      6.5%
      $3,955,000
      7%
      $3,675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,977,000
      Market price range: $522k - $4.86M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,015,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5063
    Latitude
    28.0246
    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
    $85,058
    $1,461,012
    $4,296,388
    $5,757,400
    -
    $1,461,012
    $4,296,388
    $5,757,400

    Comparable in this City

    • Value Estimation by Request
      3,406 SF

      3206 Hillsborough Ave

      HOTEL • 3,406 SF
      3206 Hillsborough Ave, Tampa, FL 33614-5929
      View Details
    • Value Estimation by Request
      986 SF

      2939 Hillsborough Ave

      HOTEL • 986 SF
      2939 Hillsborough Ave, Tampa, FL 33614-6054
      View Details
    • Value Estimation
      $2,400,000
      28,466 SF

      5405 Church Ave

      HOTEL • 28,466 SF
      5405 Church Ave, Tampa, FL 33614-5611
      View Details
    • Value Estimation by Request
      4,762 SF

      3110 Hillsborough Ave

      MOTEL • 4,762 SF
      3110 Hillsborough Ave, Tampa, FL 33614-5927
      View Details
    • Value Estimation by Request
      0.15 Acres

      7007 Manhattan Ave

      VACANT COMMERCIAL LAND • 0.15 Acres
      7007 Manhattan Ave, Tampa, FL 33614-3714
      View Details
    • Value Estimation by Request
      0.01 Acres

      Lazy Ln

      VACANT COMMERCIAL LAND • 0.01 Acres
      Lazy Ln, Tampa, FL 33614
      View Details

    Similar Nearby for Sale

    • $200,000
      0.01 Acres

      Residential Land in Tampa, Florida

      Residential land for sale in a desirable Tampa location.
      4301 Har Paul Cir, Tampa, FL 33614
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    • $820,000
      1,768 SF

      Drew Park Industrial Property

      Industrial property with office, warehouse, and car canopies.
      4420 N Hale Ave, Tampa, FL 33614
      View Details
    • $1,550,000

      Drew Park Industrial Space

      Industrial space with office near Tampa International Airport.
      5010 N Grady Ave, Tampa, FL 33614
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tampa Office Space For Lease

      Office space available in Tampa with customizable build-out options.
      3105 W Waters Ave, Tampa, FL 33614
      View Details
    • Contact for pricing
      3,500 SF

      Tampa Industrial Park Space Available

      Small-bay industrial park in Tampa's Airport submarket for lease.
      5018 N Coolidge Ave, Tampa, FL 33614
      View Details
    • $9 SF/Yr
      1,750 SF

      Renovated Retail and Office Space

      Newly renovated retail and office space available for rent.
      4040 W Waters Ave, Tampa, FL 33614
      View Details
    • $12 SF/Yr

      Versatile Flex/Warehouse Space For Rent

      Bright, clean flex/warehouse spaces suitable for various business needs.
      9212 Lazy Ln, Tampa, FL 33614
      View Details
    • $91,476
      5,381 SF

      Spacious Tampa Lot and Garage

      Large lot with office and garage near Tampa Stadium.
      4810 N Hale Ave, Tampa, FL 33614
      View Details
    • Contact for pricing

      Carrollwood Office Space For Rent

      Office suites available in professionally managed Carrollwood location.
      7819 N Dale Mabry Hwy, Tampa, FL 33614
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.1k
    • Avg Time on site
      16 min
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    3826 Waters Ave
    Tampa, FL 33614-2011
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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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