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

    3860 Tampa Rd Oldsmar, FL 34677-3022

    • Strip malls
    • 10,220 SF
    • 1.21 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2021
    $3,000,000
    Value Estimations
    $3,720,000
    Show details
    Cap Rate Potential
    3.1%
    Strip malls
    Location Intelligence
    Property ID
    US18-4797321
    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

    • Navy Federal Credit Union - ATM / Atm
    • Juan`s Mexican Grill Oldsmar / Mexican Restaurant
    • Evara Health at Oldsmar / Medical Center / Community Health Centre
    • Jersey Mike's Subs / Caterer / Sandwich Shop
    • Dr. Holly Waters / Osteopath / Health Care Facility

    Property Details for 3860 Tampa Rd

    Year built
    2009
    Construction
    CONCRETE BLOCKS
    Lot size
    1.21 lot acres
    Property size
    10,220 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    23-28-16-74402-001-0010
    APU
    232816744020010010

    Description

    Pinewood Plaza offers a 3,500 square foot retail space available for lease. Located at 3860 Tampa Road in Oldsmar, Florida (Pinellas County, zip code 34677), this property is part of a larger 10,069 square foot building constructed in 2009. The building sits on 1.21 acres of land and features a single story with five total suites. This particular space is a second-generation medical inline suite, offering significant potential for various retail uses. The property boasts two points of ingress and egress, ensuring convenient access for customers and employees. Ample parking is available for tenants and their patrons. High visibility is guaranteed due to its location at a signalized intersection across from a Walmart, ensuring significant traffic exposure on Tampa Road. Furthermore, pylon signage opportunities are available, enhancing the marketing potential of the space. The property's strategic location is further enhanced by its proximity to SR-580, a major thoroughfare connecting Clearwater and Tampa, providing easy access to a large customer base. The property's APN is 23-28-16-74402-001-0010.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,976,000
      Market price range: $1.46M - $4.54M
      AI Estimate
      $3,976,000
      Market price range: $1.46M - $4.54M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,835,000
      Current use
      RESTAURANT
      $5,790,000
      Change: +104% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,230,000
      Change: +49% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,580,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.673
    Latitude
    28.0414
    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
    $44,998
    $0.00
    $0.00
    $2,580,000
    -
    $945,382
    $1,634,618
    $2,580,000

    Comparable in this City

    • Value Estimation by Request
      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 by Request
      1,560 SF

      3696 Tampa Rd

      SHOPPING CENTER, STRIP CENTER • 1,560 SF
      3696 Tampa Rd, Oldsmar, FL 34677-6305
      View Details
    • Value Estimation by Request
      6,124 SF

      3180 Tampa Rd

      SHOPPING CENTER, STRIP CENTER • 6,124 SF
      3180 Tampa Rd, Oldsmar, FL 34677-2297
      View Details
    • Value Estimation by Request
      14,480 SF

      3800 Tampa Rd

      SHOPPING CENTER, STRIP CENTER • 14,480 SF
      3800 Tampa Rd, Oldsmar, FL 34677-3046
      View Details
    • Value Estimation by Request
      780 SF

      3675 State Rd 580th W

      SHOPPING CENTER, STRIP CENTER • 780 SF
      3675 State Rd 580th W, Oldsmar, FL 34677-5617
      View Details

    Similar Nearby for Sale

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      Oldsmar Auto Repair Shop - $625K

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces on Tampa Road

      Retail spaces available in Oldsmar, excellent visibility and access.
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      Retail spaces available at busy Tampa Road and Forest Lakes.
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      Retail Spaces on Tampa Road

      Retail spaces available, ranging from 1,381 to 8,529 SF.
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      1,381 SF

      Retail Spaces on Tampa Road

      Retail spaces available with high visibility and multiple access points.
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      31,120 SF

      Prime Oldsmar Retail Center

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    3860 Tampa Rd
    Oldsmar, FL 34677-3022
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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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