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    4233 W El Prado Blvd Tampa, FL 33629
    Property profile & analytics

    4233 W El Prado Blvd, Tampa, FL 33629

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    • Strip malls
    • 16,474 SF
    • 0.49 lot acres
    For Lease
    $21,000 SF/Yr
    View Listing →
    South Tampa Retail/Office Space Available For Lease
    $21,000 SF/Yr
    1,050 SF

    South Tampa Retail/Office Space Available

    Retail and office spaces available in South Tampa corridor.

    4233 W EL PRADO BOULEVARD, Tampa, FL 33629
    View Listing
    Property ID
    US18-1136874
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Thresher Pa: Thresher John J. / Law Firm
    • Gulfside Construction Services / General Contractor / Renovation Specialist

    Property Details for 4233 W El Prado Blvd

    Year built
    1951
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.49 lot acres
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    A3329183TU000000000220
    APU
    A3329183TU000000000220

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,985,000
      Market price range: $1.99M - $6.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5159
    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
    $23,466
    $1,075,000
    $111,600
    $1,186,600
    -
    $1,075,000
    $111,600
    $1,186,600

    Comparable in this City

    • Value Estimation
      $1,155,000
      9,050 SF

      1222 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      1222 Dl Mabry Hwy, Tampa, FL 33629-5009
      View Details
    • Value Estimation
      $1,440,000
      10,066 SF

      2202 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      2202 Dl Mabry Hwy, Tampa, FL 33629-6314
      View Details
    • Value Estimation
      $1,425,000
      10,573 SF

      4200 Henderson Blvd

      SHOPPING CENTER, STRIP CENTER
      4200 Henderson Blvd, Tampa, FL 33629-5611
      View Details
    • Value Estimation by Request
      2,002 SF

      4221 Bay To Bay Blvd

      SHOPPING CENTER, STRIP CENTER
      4221 Bay To Bay Blvd, Tampa, FL 33629-6605
      View Details
    • Value Estimation by Request
      4,500 SF

      2425 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      2425 Dl Mabry Hwy, Tampa, FL 33629-6840
      View Details
    • Value Estimation
      $3,450,000
      9,984 SF

      2307 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      2307 Dl Mabry Hwy, Tampa, FL 33629-6322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,980 SF

      South Tampa Retail/Office Opportunity

      Corner retail/office site in South Tampa with roll-up door.
      4223 Henderson Blvd, Tampa, FL 33629
      View Details
    • $975,000
      1,980 SF

      Retail/Office Site in Tampa

      Corner location retail/office site with signage and roll-up door.
      4223 Henderson Blvd, Tampa, FL 33629
      View Details
    • Contact for pricing

      Bayshore Palms Multifamily Investment

      Boutique 40-unit apartment community in South Tampa's coveted SoHo district.
      1405 S Lorenzo Ave, Tampa, FL 33629
      View Details
    • $1,800,000
      0.59 Acres

      Spacious Land in Sunset Park

      Large 0.59-acre land parcel in desirable South Tampa neighborhood.
      4628 W Bay To Bay Blvd, Tampa, FL 33629
      View Details
    • $2,799,000
      0.46 Acres

      Waterfront Land in Sunset Park

      Oversized waterfront lot ready for custom dream home.
      2609 N Dundee St, Tampa, FL 33629
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      5,848 SF

      Retail Space in South Tampa

      Retail space with frontage on a high-traffic corridor.
      1916 South Dale Mabry Hwy, Tampa, FL 33629
      View Details
    • Contact for pricing

      Refurbished Shopping Center in Tampa

      Shopping center at the nexus of South Tampa.
      1155 S Dale Mabry Hwy, Tampa, FL 33629
      View Details
    • Contact for pricing
      2,600 SF

      Remodeled Stand Alone Retail Building

      Recently remodeled stand-alone retail building available for rent.
      3675 West Shore Blvd, Tampa, FL 33629
      View Details
    View Listing
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    Tampa, FL 33629
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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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    4233 W El Prado Blvd, Tampa, FL, 33629
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