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    400 North Ashley Dr Tampa, FL 33602
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    Property profile & analytics

    400 North Ashley Dr Tampa, FL 33602

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    • Office buildings
    • 37,188 SF
    • 3.96 lot acres
    For Lease
    $11,020,000
    View Listing →
    Class A Office Space Downtown For Lease
    $11,020,000

    Class A Office Space Downtown

    Class A office space with 360 degree Tampa views.

    400 North Ashley Drive, Tampa, FL 33602
    View Listing
    Property ID
    US18-0305653
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SYKES Enterprises, Incorporated / Bpo Company / Internet Marketing Service
    • Legal Evidence Corp / IT Consulting Firm / Tech Support Center
    • Frost Law / Law Firm
    • Frost Family Law, P.A. / Law Firm / Child Welfare Organization
    • Levin Charles J / Law Firm

    Property Details for 400 North Ashley Dr

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.96 lot acres
    Property size
    37,188 SF
    Zone code
    CBD-2
    Property type
    Office buildings
    APN
    A2429184ZI000062000A10
    APU
    A2429184ZI000062000A10

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,985,000
      6.5%
      $8,295,000
      7%
      $7,700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,528,000
      Market price range: $2.33M - $13.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $14,655,000
      Current use
      RESTAURANT
      $17,930,000
      Change: +22% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $13,640,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4607
    Latitude
    27.9477
    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
    $1,901,897
    $19,870,933
    $72,408,967
    $92,279,900
    -
    $19,870,933
    $72,408,967
    $92,279,900

    Comparable in this City

    • Value Estimation
      $2,645,000
      16,636 SF

      1102 Florida Ave

      OFFICE BUILDING • 16,636 SF
      1102 Florida Ave, Tampa, FL 33602-3343
      View Details
    • Value Estimation
      $17,935,000
      84,985 SF

      1101 Channelside Dr

      OFFICE BUILDING (MULTI-STORY) • 84,985 SF
      1101 Channelside Dr, Tampa, FL 33602-3611
      View Details
    • Value Estimation
      $2,035,000
      9,380 SF

      112 12th St

      OFFICE BUILDING • 9,380 SF
      112 12th St, Tampa, FL 33602-4211
      View Details
    • Value Estimation
      $2,150,000
      8,491 SF

      108 12th St

      OFFICE BUILDING • 8,491 SF
      108 12th St, Tampa, FL 33602-4208
      View Details
    • Value Estimation
      $1,410,000
      8,928 SF

      306 Tyler St

      OFFICE BUILDING (MULTI-STORY) • 8,928 SF
      306 Tyler St, Tampa, FL 33602-3840
      View Details
    • Value Estimation
      $12,495,000
      55,230 SF

      1801 Highland Ave

      OFFICE BUILDING (MULTI-STORY) • 55,230 SF
      1801 Highland Ave, Tampa, FL 33602-2656
      View Details

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    • Contact for pricing
      25,120 SF

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      25,120 SF commercial building in Historic Ybor for redevelopment.
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      6,265 SF

      Renovated Tampa Office/Retail Property

      Fully leased office/retail property in prime Tampa location.
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      Historic Ybor Redevelopment Opportunity

      25,120 SF commercial building in Historic V.M. Ybor.
      2721 N Nebraska Ave, Tampa, FL 33602
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    • $3,495,000
      15,941 SF

      Downtown Tampa Office Building

      Office building for sale in downtown Tampa.
      1007 N Franklin St, Tampa, FL 33602
      View Details
    • Contact for pricing
      Pending

      Historical Tampa Building For Sale

      Historical corner lot building near downtown and Ybor City.
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      22,500 SF

      Prime Tampa CBD Redevelopment Opportunity

      Located in the heart of Tampa's CBD, ideal for redevelopment.
      200 N Pierce St, Tampa, FL 33602
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    Similar Nearby for Lease

    • Contact for pricing

      Downtown Tampa Class A Office

      Distinctive 2-story office building with on-site parking.
      1010 N Florida Ave, Tampa, FL 33602
      View Details
    • Contact for pricing

      Renovated Downtown Tampa Office Building

      Historic office building with modern renovations and stellar amenities.
      400 N Tampa St, Tampa, FL 33602
      View Details
    • $449,250
      3,153 SF

      Channelside District Office Space Available

      Office space for rent in vibrant Channelside District.
      1120 East Kennedy Blvd, Tampa, FL 33602
      View Details
    • Contact for pricing
      130,000 SF

      Downtown Tampa Office Space

      130,000 sq ft office building in downtown Tampa.
      101 East Kennedy Blvd, Tampa, FL 33602
      View Details
    • Contact for pricing
      59,000 SF

      Downtown Tampa Office Tower

      22-story office tower with bay and downtown views.
      100 Ashley Dr South, Tampa, FL 33602
      View Details
    • Contact for pricing

      Class A Office Space Downtown

      Class A office space with 360 degree Tampa views.
      400 North Ashley Dr, Tampa, FL 33602
      View Details
    View Listing
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    Tampa, FL 33602
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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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