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

    4890 Kennedy Blvd Tampa, FL 33609-1851

    • Office buildings
    • 284,584 SF
    • 2.77 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3551287
    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

    • TLC Engineering Solutions / Engineering Consultant / Engineer
    • Vendita / (Bike/Boat/Book/etc) Store / Corporate Office
    • David Silver, CFP®, CERTIFIED FINANCIAL PLANNER™ / Financial Advisor
    • AXA Advisors, Central Florida / Financial Advisor
    • George Hurley - Morgan Stanley / Financial Advisor

    Property Details for 4890 Kennedy Blvd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    2.77 lot acres
    Property size
    284,584 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    A2029183L4000000000080
    APU
    A2029183L4000000000080

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $68,755,000
      6.5%
      $63,465,000
      7%
      $58,935,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $75,710,000
      Market price range: $75.7M - $142M
      AI Estimate
      $41,247,000
      Market price range: $24.0M - $81.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $97,625,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5259
    Latitude
    27.9439
    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
    $1,076,258
    $5,978,112
    $49,430,388
    $55,408,500
    -
    $5,978,112
    $49,430,388
    $55,408,500

    Comparable in this City

    • Value Estimation
      $760,000
      2,623 SF

      3702 Azeele St

      OFFICE BUILDING • 2,623 SF
      3702 Azeele St, Tampa, FL 33609-2808
      View Details
    • Value Estimation
      $3,365,000
      21,073 SF

      902 Himes Ave

      OFFICE BUILDING • 21,073 SF
      902 Himes Ave, Tampa, FL 33609-1330
      View Details
    • Value Estimation
      $2,695,000
      16,528 SF

      3300 Henderson Blvd

      OFFICE BUILDING • 16,528 SF
      3300 Henderson Blvd, Tampa, FL 33609-2936
      View Details
    • Value Estimation
      $3,410,000
      21,630 SF

      3242 Henderson Blvd

      OFFICE BUILDING • 21,630 SF
      3242 Henderson Blvd, Tampa, FL 33609-3097
      View Details
    • Value Estimation
      $790,000
      2,702 SF

      3715 Swann Ave

      OFFICE BUILDING • 2,702 SF
      3715 Swann Ave, Tampa, FL 33609-4521
      View Details
    • Value Estimation by Request
      8,510 SF

      5350 Kennedy Blvd

      OFFICE BUILDING • 8,510 SF
      5350 Kennedy Blvd, Tampa, FL 33609-2410
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Buildings For Sale

      Two office buildings totaling 5,427 SF with 18 parking spaces.
      202 S Moody Ave, Tampa, FL 33609
      View Details
    • Contact for pricing
      3,960 SF

      South Tampa Class A Office

      Class A office building in the heart of South Tampa.
      2330 W Horatio St, Tampa, FL 33609
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    • $5,200,000
      4,676 SF

      Prime Commercial Location on Kennedy

      Two office buildings on W. Kennedy Blvd. for sale.
      3202 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • $1,975,000
      4,674 SF

      South Tampa Medical Office Opportunity

      High-visibility South Tampa location suitable for medical or professional office.
      2802 W Azeele St, Tampa, FL 33609
      View Details
    • Contact for pricing
      2,030 SF

      South Tampa Commercial Property Opportunity

      Versatile two-unit commercial property in a desirable South Tampa location.
      3019 W Azeele St, Tampa, FL 33609
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Westshore District Office Building

      Six-story office building in the heart of Westshore Business District.
      4950 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • Contact for pricing

      Prime Office Building with Parking

      Highly visible office building with attached parking garage in Tampa.
      500 N West Shore Blvd, Tampa, FL 33609
      View Details
    • $46 SF/Yr
      32,402 SF

      Class A Office Space Tampa

      Premier office building in Westshore near airport and amenities.
      4830-4890 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • Contact for pricing

      Tampa Office Building For Lease

      Office building in Westshore, Tampa, with modern amenities.
      5410 Mariner St, Tampa, FL 33609
      View Details
    • Contact for pricing
      3,816 SF

      Waterfront Office Building in Westshore

      Waterfront office building with updated common areas and abundant light.
      5440 Mariner St, Tampa, FL 33609
      View Details
    • Contact for pricing
      26,553 SF

      Class A Office Building

      Seven-story office building with bay views and convenient access.
      5426 Bay Center Dr, Tampa, FL 33609
      View Details
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    Tampa, FL 33609-1851
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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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