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    Property profile & analytics

    4070 Tampa Rd Oldsmar, FL 34677-3209

    • Automotive properties
    • 352 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Apr 17, 2024
    $600,000
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1454020
    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

    • Pratco Equipment / Big Box & Wholesale Store

    Property Details for 4070 Tampa Rd

    Year built
    1978
    Construction
    WOOD FRAME
    Lot size
    0.36 lot acres
    Property size
    352 SF
    Property type
    Automotive properties
    APN
    23-28-16-63936-087-0010
    APU
    232816639360870010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6527
    Latitude
    28.0346
    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
    $4,064
    $0.00
    $0.00
    $233,000
    -
    $203,924
    $29,076
    $233,000

    Comparable in this City

    • Value Estimation
      $7,905,000
      38,028 SF

      240 Vollmer Ave

      AUTO REPAIR, GARAGE • 38,028 SF
      240 Vollmer Ave, Oldsmar, FL 34677-2985
      View Details
    • Value Estimation by Request
      980 SF

      600 St Petersburg Dr

      Automotive properties • 980 SF
      600 St Petersburg Dr, Oldsmar, FL 34677
      View Details
    • Value Estimation
      $2,195,000
      10,560 SF

      650 Douglas E Rd

      AUTO REPAIR, GARAGE • 10,560 SF
      650 Douglas E Rd, Oldsmar, FL 34677-4908
      View Details
    • Value Estimation
      $5,620,000
      1,006 SF

      3500 Tampa Rd

      CAR WASH • 1,006 SF
      3500 Tampa Rd, Oldsmar, FL 34677-6314
      View Details
    • Value Estimation
      $1,625,000
      4,536 SF

      3691 State Rd 580th W

      AUTO REPAIR, GARAGE • 4,536 SF
      3691 State Rd 580th W, Oldsmar, FL 34677-5635
      View Details
    • Value Estimation
      $1,545,000
      3,324 SF

      175 Frst Lk S Blvd

      AUTO REPAIR, GARAGE • 3,324 SF
      175 Frst Lk S Blvd, Oldsmar, FL 34677-3028
      View Details

    Similar Nearby for Sale

    • $625,000
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      Oldsmar Auto Repair Shop - $625K

      Thriving Auto Repair Business - Turnkey Operation
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    • $320,000
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      Prime Commercial Acreage in Oldsmar

      Development opportunity in growing downtown Oldsmar near upcoming mixed-use project.
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    • New
      $274,000
      1.13 Acres

      Spacious Vacant Lot in Oldsmar

      1.13-acre lot in Oldsmar with no HOA restrictions.
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    • $1,860,000
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      Renovated Flex Space in Oldsmar

      Turn-key flex industrial/office property with recent improvements, ideal for investors.
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    • $415,000
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      OLDSMAR, FL - Land Opportunity

      0.55 acre lot suitable for development in OLDSMAR, FL.
      300 Douglas Rd W, Oldsmar, FL 34677
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    • Contact for pricing

      Oldsmar Industrial Land For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      14,400 SF

      Audubon Plaza Retail Space for Lease

      Oldsmar, FL Retail Space - High Visibility
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      Retail Space at Forrest Lakes Plaza

      Retail spaces available at busy Tampa Road and Forest Lakes.
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    • $16 SF/Yr
      10,511 SF

      Oldsmar Office Space For Lease

      10,511 SF Office Building, 2,100 SF Available
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    • Contact for pricing
      300 SF

      Oldsmar Office Suites - Tampa Road

      Prime Oldsmar Office Space Available
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    • $19 SF/Yr
      900 SF

      Retail Space on Tampa Road

      Retail space available for rent on Tampa Road, Oldsmar, FL.
      3780 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing
      1,381 SF

      Retail Spaces on Tampa Road

      Retail spaces available with high visibility and multiple access points.
      4022-4040 Tampa Rd, Oldsmar, FL 34677
      View Details
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    4070 Tampa Rd
    Oldsmar, FL 34677-3209
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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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