Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4902 Waters Ave Tampa, FL 33634-1321
    Back to Search
    Property profile & analytics

    4902 Waters Ave, Tampa, FL 33634-1321

    View on Map
    • Manufacturing properties
    • 295,348 SF
    • 13.03 lot acres
    Off-Market
    Property ID
    US18-5140069
    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
    $26,615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Supreme International Corp. / Factory / Textile Manufacturer
    • Amazon / Warehouse & Storage
    • Perry Ellis / Clothing & Fashion Store

    Property Details for 4902 Waters Ave

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    13.03 lot acres
    Zone code
    M
    Property type
    Manufacturing properties
    APN
    U292818ZZZ000000984500
    APU
    U292818ZZZ000000984500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2022 — Waters Xf LLC — Deed · related $78M · Us Bank NA
    Jul 23, 2021 $32,000,000 Waters Xe LLC Tampa Dc LLC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $33,964,000
      Market price range: $24.6M - $85.1M
      AI Estimate
      $16,045,000
      Market price range: $4.84M - $50.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5266
    Latitude
    28.0231
    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
    $266,538
    $7,117,538
    $8,172,062
    $15,289,600
    -
    $7,117,538
    $8,172,062
    $15,289,600

    Comparable in this City

    • Value Estimation by Request
      214,806 SF

      4908 Tampa Blvd

      Manufacturing properties
      4908 Tampa Blvd, Tampa, FL 33634
      View Details
    • Value Estimation by Request

      Benjamin Rd. & Jetport Industrial Blvd

      Distribution properties
      0 Benjamin Rd. & Jetport Industrial Blvd, Tampa, FL 33634
      View Details
    • Value Estimation
      $5,190,000
      64,259 SF

      5110 Hanna Ave

      MANUFACTURING (LIGHT)
      5110 Hanna Ave, Tampa, FL 33634-8020
      View Details
    • Value Estimation
      $2,410,000
      20,540 SF

      5004 Tampa W Blvd

      MANUFACTURING (LIGHT)
      5004 Tampa W Blvd, Tampa, FL 33634-2412
      View Details
    • Value Estimation
      $1,625,000
      7,758 SF

      6903 Conaty Dr

      MANUFACTURING (LIGHT)
      6903 Conaty Dr, Tampa, FL 33634-4417
      View Details
    • Value Estimation
      $3,350,000
      40,030 SF

      4910 Knollwood St

      MANUFACTURING (LIGHT)
      4910 Knollwood St, Tampa, FL 33634-8002
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Industrial Property in Tampa

      Spacious warehouse with office space, ideal for industrial operations.
      5147 W Clifton St, Tampa, FL 33634
      View Details
    • Contact for pricing
      50,000 SF

      Manufacturing Facility on Waters Avenue

      50,000 SF manufacturing facility with high visibility.
      5100-5130 W Waters Ave, Tampa, FL 33634
      View Details
    • Contact for pricing
      28,590 SF

      Tampa Industrial Opportunity on Quality

      Well-located industrial property near Tampa's major transportation corridors.
      4506 Quality Ln, Tampa, FL 33634
      View Details
    • Contact for pricing
      332,798 SF

      Industrial Land Near Tampa Airport

      7.64 acres of industrial land near Tampa International Airport.
      6910 Benjamin Rd, Tampa, FL 33634
      View Details
    • Contact for pricing
      21,800 SF

      All Steel Storage Portfolio

      Two self-storage facilities in Tampa and Umatilla, Florida.
      5904 Johns Rd, Tampa, FL 33634
      View Details
    • Contact for pricing

      Flex Industrial Park For Sale

      Modern flex spaces with customizable floor plans and ample parking.
      5402-5460 Beaumont Center Blvd, Tampa, FL 33634
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tampa Manufacturing Headquarters Opportunity

      214,806 RSF fully air-conditioned space available for lease July 2024.
      4908 Tampa Blvd W, Tampa, FL 33634
      View Details
    • Contact for pricing

      Warehouse with Airport Access

      Warehouse space with convenient access to the Veterans Expressway.
      7010 Benjamin Rd, Tampa, FL 33634
      View Details
    • Contact for pricing
      2,250 SF

      Tampa Warehouse Near Airport

      Industrial space in Airport Industrial Park, Tampa, Florida.
      5101-5119 W Rio Vista Ave, Tampa, FL 33634
      View Details
    • Contact for pricing
      2,452 SF

      Industrial Space Available For Rent

      Industrial property offering 2,452 square feet for lease.
      6712 Benjamin Rd, Tampa, FL 33634
      View Details
    • Contact for pricing
      156,116 SF

      Tampa Industrial Property For Rent

      Industrial property available for rent in Tampa, Florida.
      4908 Tampa West Blvd, Tampa, FL 33634
      View Details
    • Contact for pricing
      3,400 SF

      Tampa Flex/Industrial Space Available

      3,400 SF flex/industrial space for lease in Tampa, Florida.
      6704 Benjamin Rd, Tampa, FL 33634
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4902 Waters Ave
    Tampa, FL 33634-1321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4902 Waters Ave, Tampa, FL, 33634
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!