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

    5150 Florida Ave Tampa, FL 33603-2155

    • Manufacturing properties
    • 6,700 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2022
    $1,950,000
    Value Estimations
    $1,850,000
    Show details
    Cap Rate Potential
    4.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-4744134
    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

    • La Segunda Seminole Heights / Bakery

    Property Details for 5150 Florida Ave

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    6,700 SF
    Zone code
    SH-CI
    Property type
    Manufacturing properties
    APN
    A0129184GH000000000010
    APU
    A0129184GH000000000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,995,000
      ML approach
      $1,955,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,355,000
      6.5%
      $1,250,000
      7%
      $1,160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,931,000
      Market price range: $559k - $1.93M
      AI Estimate
      $1,263,000
      Market price range: $177k - $1.26M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,230,000
      APARTMENT HOUSE (5+ UNITS)
      $2,460,000
      MEDICAL BUILDING
      $1,810,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,745,000
      OFFICE BUILDING
      $1,710,000
      RETAIL STORES
      $1,490,000
      AUTO REPAIR, GARAGE
      $1,295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4597
    Latitude
    27.994
    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
    $31,410
    $259,210
    $1,338,190
    $1,597,400
    -
    $259,210
    $1,338,190
    $1,597,400

    Comparable in this City

    • Value Estimation
      $2,840,000
      52,452 SF

      5002 Howard Ave

      MANUFACTURING (LIGHT) • 52,452 SF
      5002 Howard Ave, Tampa, FL 33603-1416
      View Details
    • Value Estimation
      $360,000
      3,886 SF

      107 Adalee St

      MANUFACTURING (LIGHT) • 3,886 SF
      107 Adalee St, Tampa, FL 33603-5707
      View Details
    • Value Estimation
      $485,000
      15,400 SF

      4101 Florida Ave

      MANUFACTURING (LIGHT) • 15,400 SF
      4101 Florida Ave, Tampa, FL 33603-3817
      View Details
    • Value Estimation
      $330,000
      3,706 SF

      5919 Armenia Ave

      MANUFACTURING (LIGHT) • 3,706 SF
      5919 Armenia Ave, Tampa, FL 33603-1023
      View Details
    • Value Estimation
      $480,000
      3,057 SF

      4415 Florida Ave

      MINI-WAREHOUSE, STORAGE • 3,057 SF
      4415 Florida Ave, Tampa, FL 33603-3823
      View Details
    • Value Estimation
      $250,000
      1,200 SF

      918 Dr Martin Luther King Jr Blvd

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      918 Dr Martin Luther King Jr Blvd, Tampa, FL 33603-3201
      View Details

    Similar Nearby for Sale

    • $499,000
      4,850 SF

      Tampa Flex Warehouse For Sale

      Flex warehouse in central Tampa location with easy highway access.
      3900 N Marguerite Ave, Tampa, FL 33603
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    • $595,000
      4,255 SF

      Corner Retail Redevelopment Opportunity

      Prime corner location with flexible zoning and redevelopment potential.
      4214 N Nebraska Ave, Tampa, FL 33603
      View Details
    • $1,875,000

      Commercial Land For Sale

      Commercial land available for sale.
      4608 N Nebraska Ave, Tampa, FL 33603
      View Details
    • $2,700,000

      Prime Land in Tampa Heights

      41,622 SF land for mixed-use development in Tampa.
      622 W Dr Martin Luther King Jr Blvd, Tampa, FL 33603
      View Details
    • Contact for pricing
      2,040 SF

      Tampa Medical Office Building

      Prime Tampa medical office, 2,040 sq ft
      5106 Armenia Ave, Tampa, FL 33603
      View Details
    • $4,000,000
      2,503 SF

      Tampa Starbucks Investment Opportunity

      High-Yield Net Lease, Prime Location
      1797 Hillsborough Ave, Tampa, FL 33603
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building on Hillsborough Avenue

      Freestanding building with dedicated parking and high traffic volume.
      Tampa, FL 33603
      View Details
    • Contact for pricing

      Land Lease Opportunity

      Two parcels of land available for lease or build-to-suit.
      E Dr Martin Luther King Jr Blvd, Tampa, FL 33603
      View Details
    • $5,000 /Mo
      1,830 SF

      Restaurant Space in Ybor Heights

      Prime restaurant space with high visibility in Tampa's Ybor Heights.
      3607 N Nebraska Ave, Tampa, FL 33603
      View Details
    • $17 SF/Yr
      2,860 SF

      Tampa Retail Showroom For Rent

      Vintage retail showroom with high ceilings and large display windows.
      4709 N Florida Ave, Tampa, FL 33603
      View Details
    • $25 SF/Yr
      15,022 SF

      Tampa Retail Site - Nebraska Ave

      High-traffic freestanding retail space
      3917 Nebraska Ave, Tampa, FL 33603
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space on Hillsborough Avenue

      Retail space with dedicated parking and high traffic volume.
      2101 W Hillsborough Ave, Tampa, FL 33603
      View Details
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    5150 Florida Ave
    Tampa, FL 33603-2155
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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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