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Property profile & analytics
FOR LEASE
Office buildings
3980 Tampa Rd 3 Oldsmar, FL 34677
Individually Owned
13-yr Hold
Free & Clear
Property ID
US18-3180792
For Lease
1 / 8
Contact for pricing
3980 Tampa Rd,Unit 3, Oldsmar, FL 34677
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE BLOCKS
Total area
23,008 SF
Lot
1 ac (43,665 SF)
APN
24-28-16-63975-000-0010
UPID
US18-3180792
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$4.09M
Owner & transaction history
Trifon Houvardas · 13 yrs held
Trifon Houvardas
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.4M
+41.3%
Apartment house (5+ units)
$5.8M
+28.6%
Retail stores
$5.1M
+12.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oldsmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oldsmar submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,520,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,385,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,810,000
Change: +29% · Conversion: Easy
RETAIL STORES
$5,075,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,960,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.09M
Range $3.68M – $4.50M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$178 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$57,992
Tax year 2023
Assessed value
$3,325,000
Assessed 2023
Previous assessed
$3,125,000
+6.4% YoY
Effective rate
1.74%
On assessed value
Land market value
$532,755
Improvement market value
$2,792,245
Total market value
$3,325,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2001
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
10
Total area
23,008 SF
Lot
1 ac (43,665 SF)
APN
24-28-16-63975-000-0010
UPID
US18-3180792
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$5.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
10
Lot
1 ac
Current owner
From public records · entity-resolved
Trifon Houvardas
Individual
Free & Clear · 13 yrs held
Mailing address
3980 TAMPA RD STE #205, OLDSMAR, FL 34677-3223
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2012
$439,600
Trifon Houvardas
Houvardas,anthony
Grant Deed
related
—
Sep 29, 2006
$3,900,000
Paul Houvardas
Mpd LLC
Warranty Deed
$3,120,000 · Mercantile Bank
Apr 13, 2001
$701,500
Mod LLC
Oldsmar Town Center LLC
Grant Deed
$2,110,000 · First National Bank Florida
—
—
Trifon Houvardas
—
Deed Of Trust
related
$2,541,000 · Jefferson Bk/fl
—
—
Trifon Houvardas
—
Deed Of Trust
related
$2,853,909 · Mercantile Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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