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    Property profile & analytics

    3902 Tampa Rd Oldsmar, FL 34677-3117

    • Banks
    • 4,021 SF
    • 0.99 lot acres
    OFF-MARKET
    Last Sale
    Nov 08, 2022
    $1,600,000
    Value Estimations
    $1,630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2540332
    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

    • Barber Agency, Inc. / Insurance Agency
    • BB&T Insurance Services / Insurance Agency
    • BB&T / Financial Advisor
    • BB&T ATM / Atm
    • Bloom Massage and Wellness LLC / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 3902 Tampa Rd

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    0.99 lot acres
    Property size
    4,021 SF
    Property type
    Banks
    APN
    23-28-16-63936-078-0010
    APU
    232816639360780010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,259,000
      Market price range: $994k - $2.92M
      AI Estimate
      $2,259,000
      Market price range: $994k - $2.92M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $1,950,000
      Current use
      COMMERCIAL (GENERAL)
      $2,505,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,665,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.669
    Latitude
    28.04
    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
    $23,633
    $0.00
    $0.00
    $1,355,000
    -
    $505,456
    $849,544
    $1,355,000

    Comparable in this City

    • Value Estimation
      $1,710,000
      3,714 SF

      3132 Tampa Rd

      FINANCIAL BUILDING • 3,714 SF
      3132 Tampa Rd, Oldsmar, FL 34677-2295
      View Details
    • Value Estimation
      $2,345,000
      4,096 SF

      3994 Tampa Rd

      FINANCIAL BUILDING • 4,096 SF
      3994 Tampa Rd, Oldsmar, FL 34677-3207
      View Details
    • Value Estimation
      $2,220,000
      3,958 SF

      4018 Tampa Rd

      FINANCIAL BUILDING • 3,958 SF
      4018 Tampa Rd, Oldsmar, FL 34677-3200
      View Details
    • Value Estimation
      $2,035,000
      3,380 SF

      4095 Tampa Rd

      FINANCIAL BUILDING • 3,380 SF
      4095 Tampa Rd, Oldsmar, FL 34677-3204
      View Details
    • Value Estimation
      $2,745,000
      4,076 SF

      4015 Tampa Rd

      FINANCIAL BUILDING • 4,076 SF
      4015 Tampa Rd, Oldsmar, FL 34677-3206
      View Details
    • Value Estimation
      $4,900,000
      15,036 SF

      3770 Tampa Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,036 SF
      3770 Tampa Rd, Oldsmar, FL 34677-6306
      View Details

    Similar Nearby for Sale

    • $625,000
      1,350 SF

      Oldsmar Auto Repair Shop - $625K

      Thriving Auto Repair Business - Turnkey Operation
      600 Saint Petersburg Dr, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Oldsmar Industrial Land For Sale

      5.6 acre industrial land with 2.21 buildable acres.
      Commerce Blvd, Oldsmar, FL 34677
      View Details
    • $415,000
      0.55 Acres

      OLDSMAR, FL - Land Opportunity

      0.55 acre lot suitable for development in OLDSMAR, FL.
      300 Douglas Rd W, Oldsmar, FL 34677
      View Details
    • $1,860,000
      6,100 SF

      Renovated Flex Space in Oldsmar

      Turn-key flex industrial/office property with recent improvements, ideal for investors.
      325 Mears Blvd, Oldsmar, FL 34677
      View Details
    • New
      $200,000
      0.19 Acres

      Vacant Lot in Oldsmar, FL

      Buildable lot in a desirable, growing community near Safety Harbor.
      503 Buckingham Ave W, Oldsmar, FL 34677
      View Details
    • $320,000
      Pending

      Prime Commercial Acreage in Oldsmar

      Development opportunity in growing downtown Oldsmar near upcoming mixed-use project.
      St Petersburg Dr, Oldsmar, FL 34677
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      915 SF

      Retail Spaces in Anchored Center

      Retail and restaurant spaces available in a busy shopping center.
      3150 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      2,310 SF

      Retail Space in North Tampa

      Retail space available in North Tampa Shores Shopping Center.
      4011 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      2,500 SF

      Prime Retail Outparcel For Lease

      High-traffic retail outparcel in affluent, densely populated area.
      3705 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $19 SF/Yr
      900 SF

      Retail Space on Tampa Road

      Retail space available for rent on Tampa Road, Oldsmar, FL.
      3780 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Spaces on Tampa Road

      Retail spaces available in Oldsmar, excellent visibility and access.
      4022-4058 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      31,120 SF

      Prime Oldsmar Retail Center

      12-suite shopping center, 2,310 SF available
      4013 Tampa Rd, Oldsmar, FL 34677
      View Details
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    Oldsmar, FL 34677-3117
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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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