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Property profile & analytics
OFF-MARKET
Estimated value
$9,485,000
Strip malls
4022 Tampa Rd, Oldsmar, FL 34677-3210
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2162522
Property summary
AI-generated overview
Park Avenue Plaza, located at 4022 Tampa Rd, Oldsmar, FL 34677, presents a unique opportunity for businesses seeking versatile commercial space. This two-building complex, renovated in 2024, offers a total of 36,123 square feet of retail, office, and restaurant space. The property features a single-story design, providing convenient access for tenants and customers. Multiple tenancies are available, with spaces ranging from a minimum of 1,381 square feet to a maximum contiguous space of 3,021 square feet. Currently, 5,971 square feet of space is vacant and ready for immediate occupancy. The property's location in Oldsmar, Florida, provides excellent visibility and accessibility, making it an ideal location for a variety of businesses. Whether you're seeking a small retail space or a larger office suite, Park Avenue Plaza offers flexible options to suit your needs. The property is categorized as both commercial and medical office space, offering diverse possibilities for potential tenants. This is a rare opportunity to secure prime commercial real estate in a thriving Florida community. Contact us today to learn more about available spaces and leasing options.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE BLOCKS
Total area
21,616 SF
Lot
4.16 ac (181,188 SF)
APN
24-28-16-66296-000-0010
UPID
US18-2162522
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
Current use
Occupant on record · Public records
-
Simply Art Studios, Inc. Art Studio Art School
-
Revivery Gym & Fitness Center Spa & Massage Center
-
Edie's Styling Center Hair Salon
-
Ride On Cycling Facility Gym & Fitness Center
-
Your CBD Store - Oldsmar, FL Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.60M
Blend (final)
Blend
$9.49M
Owner & transaction history
Csim Park Avenue Owner LLC · 2 yrs held
Csim Park Avenue Owner LLC
since 2023
Last sale
$9.4M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.5M
+124.5%
Restaurant
$12.2M
+104.1%
Auto repair, garage
$9.0M
+49.2%
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
$9,360,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,000,000
Current use
COMMERCIAL (GENERAL)
$13,475,000
Change: +125% · Conversion: Easy
RESTAURANT
$12,245,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,950,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$9.49M
Range $8.54M – $10.43M · ±10% · vs last sale $9.43M (Aug 28 2023)
Last sale anchor
$9.43M
Aug 28 2023
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
$439 / 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
$154,355
Tax year 2023
Assessed value
$8,850,000
Assessed 2023
Previous assessed
$8,330,000
+6.2% YoY
Effective rate
1.74%
On assessed value
Land market value
$3,272,484
Improvement market value
$5,577,516
Total market value
$8,850,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
18
Total area
21,616 SF
Lot
4.16 ac (181,188 SF)
APN
24-28-16-66296-000-0010
UPID
US18-2162522
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$13.5M
RESTAURANT
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
18
Lot
4.16 ac
Current owner
From public records · entity-resolved
Csim Park Avenue Owner LLC
Entity
Mailing address
630 W GERMANTOWN PIKE STE #300, PLYMOUTH MEETING, PA 19462-1069
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2023
$9,430,000
Csim Park Avenue Owner LLC
Sanrod 2 Investments LLC
Special Warranty Deed
$6,500,000 · Cibc Bank USA
Mar 24, 2016
$9,100,000
Sanrod 2 Investments LLC
Mtn Tampa Road Partners LLC
Special Warranty Deed
—
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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