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

    4221 El Prado Blvd Tampa, FL 33629-8402

    • Office buildings
    • 2,338 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Dec 09, 2020
    $500,000
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    4.4%
    Office buildings
    Location Intelligence
    Property ID
    US18-0773208
    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

    • Image Lift: Rich Castellano, MD / Physician / Medical Clinic

    Property Details for 4221 El Prado Blvd

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    2,338 SF
    Zone code
    CG
    Property type
    Office buildings
    APN
    A3329183TU000000000340
    APU
    A3329183TU000000000340

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $760,000
      ML approach
      $690,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $520,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $736,000
      Market price range: $223k - $736k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5153
    Latitude
    27.9119
    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
    $30,133
    $950,000
    $717,900
    $1,667,900
    -
    $950,000
    $717,900
    $1,667,900

    Comparable in this City

    • Value Estimation
      $4,705,000
      31,070 SF

      3902 Henderson Blvd

      OFFICE BUILDING • 31,070 SF
      3902 Henderson Blvd, Tampa, FL 33629-5038
      View Details
    • Value Estimation
      $720,000
      3,000 SF

      3444 Shr Blvd

      OFFICE BUILDING • 3,000 SF
      3444 Shr Blvd, Tampa, FL 33629-8221
      View Details
    • Value Estimation
      $21,495,000
      47,568 SF

      2907 Bay To Bay Blvd

      OFFICE BUILDING (MULTI-STORY) • 47,568 SF
      2907 Bay To Bay Blvd, Tampa, FL 33629-8172
      View Details
    • Value Estimation by Request
      1,632 SF

      3607 Coolidge Ave

      OFFICE BUILDING • 1,632 SF
      3607 Coolidge Ave, Tampa, FL 33629-8422
      View Details
    • Value Estimation
      $690,000
      3,546 SF

      4321 Bay To Bay Blvd

      OFFICE BUILDING • 3,546 SF
      4321 Bay To Bay Blvd, Tampa, FL 33629-6606
      View Details
    • Value Estimation
      $1,735,000
      5,852 SF

      4047 Henderson Blvd

      OFFICE BUILDING • 5,852 SF
      4047 Henderson Blvd, Tampa, FL 33629-4939
      View Details

    Similar Nearby for Sale

    • New
      $1,799,000
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      Renovated Office Building in Tampa

      Fully renovated office building in South Tampa's exclusive corridor.
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      View Details
    • $950,000
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      South Tampa Office Building

      Leased Office, Prime Location, High ROI
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      Mixed-Use Investment/Owner-User Package

      Two South Tampa mixed-use assets with diverse income potential.
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    • $999,000
      3,156 SF

      Prime Retail/Office Site For Sale

      Rare commercial site with high visibility and development potential.
      6112 West Shore Blvd, Tampa, FL 33629
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    • $975,000
      1,980 SF

      Retail/Office Site in Tampa

      Corner location retail/office site with signage and roll-up door.
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      Tampa Medical Office Opportunity

      Medical office with established business and income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      11,288 SF

      Tampa Bay Park Office Building

      Two-story office building with collaborative work lounge and amenities.
      4511 N Himes Ave, Tampa, FL 33629
      View Details
    • Contact for pricing
      1,845 SF

      Westshore Boulevard Office Space Available

      Office space with on-site amenities and convenient highway access.
      1410 West Shore Blvd, Tampa, FL 33629
      View Details
    • $330 /Mo
      100 SF

      Retail Space with Key Access

      Retail space featuring key access, utilities, and common area cleaning.
      4242 Henderson Blvd, Tampa, FL 33629
      View Details
    • $21 SF/Yr
      18,537 SF

      Office Space in Tampa Bay

      Office space for rent in Tampa Bay Park Complex.
      4401 N Himes Ave, Tampa, FL 33629
      View Details
    • $33 SF/Yr
      4,388 SF

      Tampa Retail Showroom on Dale Mabry

      Retail or showroom space with frontage and lighted signage available.
      3612 S Dale Mabry Hwy, Tampa, FL 33629
      View Details
    • $30 SF/Yr
      1,946 SF

      Retail Property in South Tampa

      Retail property for lease in South Tampa's Palma Ceia.
      2714 S Macdill Ave, Tampa, FL 33629
      View Details
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    4221 El Prado Blvd
    Tampa, FL 33629-8402
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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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