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

    3986 Tampa Rd Oldsmar, FL 34677-3207

    • Office buildings
    • 39,114 SF
    • 0.85 lot acres
    OFF-MARKET
    Last Sale
    Sep 11, 2024
    $7,200,000
    Value Estimations
    $7,470,000
    Show details
    Cap Rate Potential
    9%
    Office buildings
    Location Intelligence
    Property ID
    US18-4465241
    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

    • BayCare Outpatient Imaging Center / Medical Diagnostic Imaging Center

    Property Details for 3986 Tampa Rd

    Year built
    2002
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property size
    39,114 SF
    Property type
    Office buildings
    APN
    24-28-16-63975-000-0050
    APU
    242816639750000050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,200,000
      ML approach
      $7,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,795,000
      6.5%
      $9,965,000
      7%
      $9,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,613,000
      Market price range: $6.61M - $9.19M
      AI Estimate
      $6,613,000
      Market price range: $6.61M - $9.19M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,685,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $10,860,000
      Change: +41% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $9,875,000
      Change: +29% Conversion: Easy
      RETAIL STORES
      $8,630,000
      Change: +12% Conversion: Moderate
      WAREHOUSE, STORAGE
      $8,430,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.659
    Latitude
    28.0355
    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
    $67,149
    $0.00
    $0.00
    $3,850,000
    -
    $298,877
    $3,551,123
    $3,850,000

    Comparable in this City

    • Value Estimation by Request
      10,464 SF

      309 State E St

      OFFICE BUILDING • 10,464 SF
      309 State E St, Oldsmar, FL 34677-3628
      View Details
    • Value Estimation by Request
      40,469 SF

      4033 Tampa Rd

      OFFICE BUILDING (MULTI-STORY) • 40,469 SF
      4033 Tampa Rd, Oldsmar, FL 34677-3224
      View Details
    • Value Estimation by Request
      3,971 SF

      3885 Tampa Rd

      OFFICE BUILDING • 3,971 SF
      3885 Tampa Rd, Oldsmar, FL 34677-3122
      View Details
    • Value Estimation
      $545,000
      6,298 SF

      1001 Saint Petersburg W Dr

      OFFICE BUILDING • 6,298 SF
      1001 Saint Petersburg W Dr, Oldsmar, FL 34677-3333
      View Details
    • Value Estimation
      $2,705,000
      9,897 SF

      3711 Tampa Rd

      OFFICE BUILDING • 9,897 SF
      3711 Tampa Rd, Oldsmar, FL 34677-6309
      View Details
    • Value Estimation by Request
      5,070 SF

      170 State E St

      OFFICE BUILDING • 5,070 SF
      170 State E St, Oldsmar, FL 34677-3662
      View Details

    Similar Nearby for Sale

    • $3,749,900
      17,291 SF

      Renovated Freestanding Office Condo Building

      Class B office condo with recent upgrades and pond view.
      255 Pine Ave, 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.
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    • $1,575,000

      Oldsmar Industrial Land For Sale

      5.6 acre industrial land with 2.21 buildable acres.
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      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
    • $120,000
      0.28 Acres

      Waterfront Buildable Lot on Creek

      Waterfront lot with creek access, ready for building.
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    • $625,000
      1,350 SF

      Oldsmar Auto Repair Shop - $625K

      Thriving Auto Repair Business - Turnkey Operation
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    Similar Nearby for Lease

    • Contact for pricing
      376,551 SF

      580 Corporate Center: Flex & Warehouse Space

      Prime Industrial Space, Multiple Units Available
      4023-4035 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $31 SF/Yr
      36,123 SF

      Park Avenue Plaza: Oldsmar Retail Space

      Prime Oldsmar retail space, multiple units available.
      4022 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $16 SF/Yr
      10,511 SF

      Oldsmar Office Space For Lease

      10,511 SF Office Building, 2,100 SF Available
      120 Commerce Blvd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      300 SF

      Oldsmar Office Suites - Tampa Road

      Prime Oldsmar Office Space Available
      3980 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $22 SF/Yr
      20,889 SF

      Prime Oldsmar Executive Office Space

      20,889 SF Available, Ample Parking
      3687 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $1,039,000
      3,178 SF

      Oldsmar Office Space Available

      Office space for lease in Cypress Lakes Office Complex.
      180 Pine Ave N, Oldsmar, FL 34677
      View Details
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    3986 Tampa Rd
    Oldsmar, FL 34677-3207
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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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