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

    4212 Manhattan Ave Tampa, FL 33611-1302

    • Medical offices
    • 4,940 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4536859
    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

    • Dr. William Wang, DDS of Wang and Cortes Dental / Dental Clinic / Cosmetic Dentist
    • Allen Jean M MD / Doctor
    • Aldo Del Sol Martinez / Pediatric Dentist
    • Dr. Larry Burton / Orthodontist
    • Professional Laser Hair / Medical Clinic / Family Practice Physician

    Property Details for 4212 Manhattan Ave

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    4,940 SF
    Zone code
    CG
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    A043018ZZZ000005522000
    APU
    A043018ZZZ000005522000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,110,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $795,000
      Market price range: $313k - $795k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,335,000
      Current use
      OFFICE BUILDING
      $1,475,000
      Change: +10% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,285,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $1,095,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5178
    Latitude
    27.9036
    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
    $31,492
    $731,250
    $925,350
    $1,656,600
    -
    $731,250
    $925,350
    $1,656,600

    Comparable in this City

    • Value Estimation
      $1,440,000
      7,559 SF

      4714 Gandy Blvd

      MEDICAL BUILDING • 7,559 SF
      4714 Gandy Blvd, Tampa, FL 33611-3308
      View Details
    • Value Estimation by Request
      1,524 SF

      3801 Macdill Ave

      MEDICAL BUILDING • 1,524 SF
      3801 Macdill Ave, Tampa, FL 33611-1547
      View Details
    • Value Estimation by Request
      1,076 SF

      3705 Macdill Ave

      MEDICAL BUILDING • 1,076 SF
      3705 Macdill Ave, Tampa, FL 33611-1514
      View Details
    • Value Estimation
      $715,000
      3,345 SF

      6310 Dl Mabry Hwy

      MEDICAL BUILDING • 3,345 SF
      6310 Dl Mabry Hwy, Tampa, FL 33611-5102
      View Details
    • Value Estimation
      $780,000
      4,530 SF

      4353 Manhattan Ave

      MEDICAL BUILDING • 4,530 SF
      4353 Manhattan Ave, Tampa, FL 33611-1303
      View Details
    • Value Estimation by Request
      1,971 SF

      4213 Manhattan Ave

      MEDICAL BUILDING • 1,971 SF
      4213 Manhattan Ave, Tampa, FL 33611-1301
      View Details

    Similar Nearby for Sale

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      Tampa Commercial Property on Dale Mabry

      Prime commercial property near MacDill AFB with multiple development possibilities.
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      Westshore Marina District Land

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      Tampa Specialty Property for Sale

      Specialty property available for purchase in Tampa, Florida.
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    • $1,400,000

      Development Opportunity in Ballast Point

      0.92-acre corner parcel zoned RM-16 for multi-family residential development.
      6202 S Macdill Ave, Tampa, FL 33611
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    • $6,392,567
      14,164 SF

      Tampa Walgreens Retail Opportunity

      Freestanding 14,164 SF retail building on 1.58 acres.
      3863 S Dale Mabry Hwy, Tampa, FL 33611
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    • $290,000
      0.19 Acres

      Cleared Lot in South Tampa

      Vacant lot in desirable South Tampa, ready for new construction.
      3008 W Napoleon Ave, Tampa, FL 33611
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      Pending

      Gandy Boulevard Retail/Office Space

      Retail or office space available in Tampa, FL.
      4811 W Gandy Blvd, Tampa, FL 33611
      View Details
    • $5,880 /Mo

      South Tampa Executive Office Suite

      Executive office suite in a desirable South Tampa location.
      4707 W Gandy Blvd, Tampa, FL 33611
      View Details
    • Contact for pricing
      405,318 SF

      South Tampa Warehouse Distribution Center

      Modern Tampa industrial space, high-power, ample parking.
      4130 Gandy Blvd, Tampa, FL 33611
      View Details
    • Contact for pricing
      23,787 SF

      Tampa Industrial Warehouse For Sale

      23,787 SF Warehouse, 2.88 Acres
      5200 Manhattan Ave, Tampa, FL 33611
      View Details
    • Contact for pricing
      6,000 SF

      Grocery Anchored Retail Space

      Retail space in a community shopping center anchored by Publix.
      3848-3940 S Dale Mabry Hwy, Tampa, FL 33611
      View Details
    • Contact for pricing
      8,506 SF

      Retail Center on Gandy Boulevard

      Retail space in high-visibility Tampa location near major thoroughfares.
      4005-4015 W Gandy Blvd, Tampa, FL 33611
      View Details
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    4212 Manhattan Ave
    Tampa, FL 33611-1302
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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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