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    4620 Gandy Blvd Tampa, FL 33611-3306
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    4620 Gandy Blvd Tampa, FL 33611-3306

    View on Map
    • Hotels
    • 25,460 SF
    • 0.83 lot acres
    Off-Market
    Property ID
    US18-0766027
    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
    $1,445,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Quinta Inn & Suites by Wyndham Tampa Bay Area-Tampa South / Hotel & Motel
    • Church's chicken / Restaurant

    Property Details for 4620 Gandy Blvd

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    0.83 lot acres
    Property size
    25,460 SF
    Zone code
    CI
    Property type
    Hotels
    APN
    A0830183XJ000019000020
    APU
    A0830183XJ000019000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,175,000
      6.5%
      $2,010,000
      7%
      $1,865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,769,000
      Market price range: $332k - $3.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5236
    Latitude
    27.893
    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
    $67,132
    $1,260,000
    $2,162,500
    $3,422,500
    -
    $1,260,000
    $2,162,500
    $3,422,500

    Comparable in this City

    • Value Estimation
      $3,440,000
      60,710 SF

      4505 Dl Mabry Hwy

      HOTEL • 60,710 SF
      4505 Dl Mabry Hwy, Tampa, FL 33611-1425
      View Details
    • Value Estimation
      $7,710,000
      34,923 SF

      6231 Dl Mabry Hwy

      HOTEL • 34,923 SF
      6231 Dl Mabry Hwy, Tampa, FL 33611-4800
      View Details
    • Value Estimation
      $940,000
      7,044 SF

      6409 Dl Mabry Hwy

      HOTEL • 7,044 SF
      6409 Dl Mabry Hwy, Tampa, FL 33611-5103
      View Details
    • Value Estimation
      $670,000
      10,208 SF

      6227 Dl Mabry Hwy

      MOTEL • 10,208 SF
      6227 Dl Mabry Hwy, Tampa, FL 33611-4807
      View Details
    • Value Estimation by Request
      1.74 Acres

      Gandy Blvd

      PARKING LOT • 1.74 Acres
      Gandy Blvd, Tampa, FL 33611
      View Details
    • Value Estimation by Request
      0.04 Acres

      Dl Mabry

      VACANT COMMERCIAL LAND • 0.04 Acres
      Dl Mabry, Tampa, FL 33611
      View Details

    Similar Nearby for Sale

    • $1,790,000
      7,044 SF

      Tampa Commercial Property on Dale Mabry

      Prime commercial property near MacDill AFB with multiple development possibilities.
      6409 S Dale Mabry Hwy, Tampa, FL 33611
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    • Contact for pricing
      7,044 SF

      South Tampa Commercial Property

      Prime commercial property with high traffic and redevelopment potential.
      6409 S Dale Mabry Hwy, Tampa, FL 33611
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      WestShore Marina District Development Land

      1.1 acres in the vibrant WestShore Marina District.
      4902 W Price Ave, Tampa, FL 33611
      View Details
    • $300,000
      Pending

      Grand Key First Floor Unit

      Well-maintained, two-bedroom condo with amenities in a gated community.
      4207 S Dale Mabry Hwy, Tampa, FL 33611
      View Details
    • $650,000
      2,140 SF

      South Tampa Development Opportunity

      Prime commercial land for development in South Tampa.
      6716 S Macdill Ave, Tampa, FL 33611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,738 SF

      Tampa Warehouse with Fenced Storage

      17,738 SF warehouse with fenced storage available February 2025.
      5409 S West Shore Blvd, 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
    • Contact for pricing
      2,000 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
    • $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
    • Contact for pricing
      25,000 SF

      Grocery-Anchored Shopping Center Space

      Retail space in a high-traffic, grocery-anchored shopping center.
      3802 S Dale Mabry Hwy, Tampa, FL 33611
      View Details

    Property Visit Statistics

    • Visits by month
      3.5k
    • Visitors by month
      346
    • Avg Time on site
      647 min
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    Tampa, FL 33611-3306
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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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