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    4000 Kennedy Blvd Tampa, FL 33609-2724
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    Property profile & analytics

    4000 Kennedy Blvd, Tampa, FL 33609-2724

    View on Map
    • Strip malls
    • 2,304 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Jun 14, 2023
    $1,200,000
    Property ID
    US18-4466225
    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
    $1,160,000
    Show details
    Cap Rate Potential
    2.8%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Hush Studio Salon / Hair Salon
    • Beach Park Beauty Boutique / Hair Salon / Nail Salon

    Property Details for 4000 Kennedy Blvd

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    A2129183LV000001000100
    APU
    A2129183LV000001000100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 14, 2023 $1,200,000 4000 4002 W Kennedy LLC F Robert Santos Warranty Deed $840k · Harvest Small Business Finance LLC
    Dec 23, 2014 — Jlr & Cer Properties LLC Rodriguez Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,115,000
      ML approach
      $1,115,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5101
    Latitude
    27.9445
    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
    $6,284
    $173,362
    $180,138
    $353,500
    -
    $173,362
    $180,138
    $353,500

    Comparable in this City

    • Value Estimation
      $1,935,000
      13,768 SF

      310 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      310 Dl Mabry Hwy, Tampa, FL 33609-2840
      View Details
    • Value Estimation
      $2,925,000
      18,253 SF

      101 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      101 Dl Mabry Hwy, Tampa, FL 33609-2814
      View Details
    • Value Estimation
      $2,830,000
      18,077 SF

      3403 Henderson Blvd

      SHOPPING CENTER, STRIP CENTER
      3403 Henderson Blvd, Tampa, FL 33609-3944
      View Details
    • Value Estimation
      $690,000
      3,800 SF

      4349 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER
      4349 Kennedy Blvd, Tampa, FL 33609-2126
      View Details
    • Value Estimation
      $1,485,000
      10,663 SF

      4502 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER
      4502 Kennedy Blvd, Tampa, FL 33609-2014
      View Details
    • Value Estimation
      $755,000
      5,430 SF

      4148 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER
      4148 Kennedy Blvd, Tampa, FL 33609-2246
      View Details

    Similar Nearby for Sale

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      6,900 SF

      South Tampa Redevelopment Hard Corner

      Prime corner lot in South Tampa for redevelopment.
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      Prime Commercial Location on Kennedy

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      4,000 SF

      South Tampa Retail Building For Sale

      Freestanding retail building in South Tampa with high traffic.
      3226-3230 W Kennedy Blvd, Tampa, FL 33609
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      4,000 SF

      South Tampa Retail Building For Sale

      Freestanding retail building in South Tampa with three separate units.
      3226 W Kennedy Blvd, Tampa, FL 33609
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    Similar Nearby for Lease

    • $32,400

      Free Standing Building For Rent

      Centrally located, renovated building suitable for office or retail use.
      2323 North B St, Tampa, FL 33609
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    • $77,556

      South Tampa Retail/Office Space

      Freestanding retail/office building in high-visibility South Tampa location.
      3418 W Swann Ave, Tampa, FL 33609
      View Details
    • Contact for pricing
      5,487 SF

      Prime Retail Location on Kennedy

      Freestanding retail building with high traffic and ample parking.
      3813 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • Contact for pricing
      2,990 SF

      Retail Space on Kennedy Blvd

      Retail space with high visibility and traffic on Kennedy Blvd.
      4502 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • $20 SF/Yr
      2,544 SF

      Tampa Office Condos for Lease

      Two Suites, West Kennedy Blvd.
      3333 Kennedy Blvd, Tampa, FL 33609
      View Details
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    Tampa, FL 33609-2724
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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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