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

    3901 Premier N Dr Tampa, FL 33618-8906

    • Office buildings
    • 49,409 SF
    • 4.82 lot acres
    OFF-MARKET
    Value Estimations
    $9,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5186452
    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

    • Office buildings

    Property Details for 3901 Premier N Dr

    Year built
    1999
    Construction
    WOOD
    Lot size
    4.82 lot acres
    Property size
    49,409 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    U212818ZZZ000000932600
    APU
    U212818ZZZ000000932600

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,935,000
      6.5%
      $11,020,000
      7%
      $10,230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,238,000
      Market price range: $8.85M - $15.1M
      AI Estimate
      $7,148,000
      Market price range: $3.18M - $12.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $11,280,000
      Current use
      MEDICAL BUILDING
      $13,355,000
      Change: +18% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $12,855,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $10,970,000
      Change: -3% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $9,535,000
      Change: -15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,415,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5075
    Latitude
    28.0393
    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
    $123,933
    $2,283,430
    $5,787,570
    $8,071,000
    -
    $2,283,430
    $5,787,570
    $8,071,000

    Comparable in this City

    • Value Estimation
      $920,000
      6,413 SF

      3640 Madaca Ln

      OFFICE BUILDING • 6,413 SF
      3640 Madaca Ln, Tampa, FL 33618-2057
      View Details
    • Value Estimation
      $4,030,000
      20,372 SF

      3950 Premier N Dr

      OFFICE BUILDING • 20,372 SF
      3950 Premier N Dr, Tampa, FL 33618-8795
      View Details
    • Value Estimation
      $5,800,000
      46,343 SF

      4010 Gunn Hwy

      OFFICE BUILDING • 46,343 SF
      4010 Gunn Hwy, Tampa, FL 33618-8744
      View Details
    • Value Estimation
      $715,000
      2,340 SF

      3415 Fletcher Ave

      OFFICE BUILDING • 2,340 SF
      3415 Fletcher Ave, Tampa, FL 33618-2813
      View Details
    • Value Estimation
      $750,000
      3,780 SF

      14001 Dl Mabry Hwy

      OFFICE BUILDING • 3,780 SF
      14001 Dl Mabry Hwy, Tampa, FL 33618-2401
      View Details
    • Value Estimation
      $5,760,000
      22,378 SF

      10004 Dl Mabry Hwy

      OFFICE BUILDING • 22,378 SF
      10004 Dl Mabry Hwy, Tampa, FL 33618-4494
      View Details

    Similar Nearby for Sale

    • $799,000
      3,000 SF

      Two-Story Office Building in Tampa

      Versatile office building in Carrollwood submarket, ideal for owner-user.
      3804 Gunn Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing
      30,360 SF

      Spacious Office Building For Sale

      30,360 sqft commercial building with high visibility.
      13153 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing
      13,538 SF

      Carrollwood Office Building For Sale

      Class B office building in the heart of Carrollwood.
      2801 W Busch Blvd, Tampa, FL 33618
      View Details
    • $799,000
      3,000 SF

      Versatile Office Building in Tampa

      Two-story office building in Carrollwood submarket, ideal for investors.
      3804 Gunn Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing
      3,000 SF

      Modern Office Building on Gunn

      Fully built-out office building with luxury finishes and efficient layout.
      3810 Gunn Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing
      2,604 SF

      Drive-Thru Pad on Dale Mabry

      Freestanding retail building with drive-thru in high-traffic Tampa corridor.
      13119 N Dale Mabry Hwy, Tampa, FL 33618
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,537 SF

      Class A Office Space Available

      Three-story Class A office building with immediate suite availability.
      3550 Buschwood Park Dr, Tampa, FL 33618
      View Details
    • Contact for pricing
      2,538 SF

      Class A Office Space Available

      Three-story office building with tenant lounge and on-site café.
      3450 Buschwood Park Dr, Tampa, FL 33618
      View Details
    • $12 SF/Yr
      5,000 SF

      Office Building with Private Parking

      Concrete block office building with private parking available for rent.
      11016 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Tampa, Florida.
      11720 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing

      Office Space in Carrollwood District

      Office space in the heart of Carrollwood shopping district.
      14041 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
    • Contact for pricing

      Tampa Retail/Medical Space For Rent

      6,990 SF building on 0.73 acres with dedicated parking.
      13221 N Dale Mabry Hwy, Tampa, FL 33618
      View Details
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    Tampa, FL 33618-8906
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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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