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    4928 State Rd 674 Wimauma, FL 33598-3510
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    Property profile & analytics

    4928 State Rd 674, Wimauma, FL 33598-3510

    View on Map
    • Outlet malls
    • 236,531 SF
    • 31.23 lot acres
    Off-Market
    Property ID
    US18-3917031
    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
    $19,455,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 4928 State Rd 674

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    31.23 lot acres
    Zone code
    PD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    U0832202XN000000000013
    APU
    U0832202XN000000000013

    Description

    This exceptional 1.02-acre commercial land parcel presents a remarkable investment opportunity in the thriving Wimauma, Florida market. Located at 4928 State Road 674, this vacant commercial lot is zoned for immediate development and boasts a highly desirable location. The property is situated as an outparcel to a Walmart Supercenter, ensuring high visibility and significant foot traffic. Its pad-ready status streamlines the development process, minimizing delays and maximizing return on investment. The strategic location offers unparalleled convenience, situated just two miles east of South Bay Hospital, attracting a substantial daily flow of customers and employees. Furthermore, the property benefits from the presence of numerous established retailers in close proximity, including Publix, Wawa, Aldi, McDonald's, and Regions Bank, creating a synergistic retail environment and bolstering the potential for strong tenant demand. This prime location, coupled with its ideal size and zoning, makes this property an exceptional opportunity for developers seeking a high-impact retail investment in a rapidly growing area of Hillsborough County. The property is available for sale

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,104,000
      Market price range: $9.88M - $36.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wimauma
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3328
    Latitude
    27.7146
    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
    $325,579
    $7,507,642
    $10,228,158
    $17,735,800
    -
    $7,507,642
    $10,228,158
    $17,735,800

    Comparable in this City

    • Value Estimation
      $1,385,000
      16,010 SF

      5129 State Rd 674

      SHOPPING CENTER, STRIP CENTER
      5129 State Rd 674, Wimauma, FL 33598-3530
      View Details
    • Value Estimation
      $970,000
      6,825 SF

      16630 Us Hwy 301

      RETAIL STORES (PERSONAL SERVICES)
      16630 Us Hwy 301, Wimauma, FL 33598-4006
      View Details
    • Value Estimation by Request
      4,058 SF

      404 7th St

      AUTO REPAIR, GARAGE
      404 7th St, Wimauma, FL 33598-3203
      View Details
    • Value Estimation by Request
      3,368 SF

      15005 Balm Rd

      CONVENIENCE STORE
      15005 Balm Rd, Wimauma, FL 33598
      View Details
    • Value Estimation by Request
      1,776 SF

      14809 Massey Acres Dr

      RESTAURANT
      14809 Massey Acres Dr, Wimauma, FL 33598-5128
      View Details
    • Value Estimation by Request
      1,896 SF

      5640 State Rd 674

      RETAIL STORES (PERSONAL SERVICES)
      5640 State Rd 674, Wimauma, FL 33598-3337
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

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      Retail suites available in high-growth Hillsborough County location.
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      10,000 SF

      Retail Space in Growing Area

      Retail suites available in high-growth Hillsborough County location.
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    • $49,000

      Retail Space For Rent

      Retail space available for lease in Wimauma, Florida.
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    • $49,000

      Office Suite in Commercial Center

      Office suite available for rent in a busy commercial center.
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    • $35 SF/Yr
      1,400 SF

      WIMAUMA, FL Mixed-Use Office Suite

      Office suite in a busy commercial center, ready to occupy.
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      View Details
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    Wimauma, FL 33598-3510
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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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