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

    5402 Hoover Blvd Tampa, FL 33634

    • Office buildings
    • 13,171 SF
    • 1.38 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5906603
    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

    • Maney | Gordon | Zeller, P.A. / Immigration Attorney / Immigration & Naturalization Service
    • HERO Managed Services / Computer Support And Services

    Property Details for 5402 Hoover Blvd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.38 lot acres
    Property size
    13,171 SF
    Zone code
    SPI-AP-4
    Property type
    Office buildings
    APN
    U31281817GB00000000011
    APU
    U31281817GB00000000011

    Description

    This 3,250-square-foot single-tenant office space is located in a Class B, one-story building at 5402 Hoover Blvd, Tampa, FL 33634. The building, renovated in 2019, offers a total of 13,000 square feet and features oversized rooms suitable for various office configurations, including traditional office and medical office uses. The space includes a private entry on the west side of the freestanding building and boasts multiple large offices and classrooms. A shared bathroom (approximately 840 square feet) is available, shared with an existing law firm tenant. A smaller, approximately 1,600-square-foot space may also be available separately. The property benefits from excellent visibility, with the possibility of installing company signage on the Hillsborough Avenue side of the building. Its convenient location offers easy access to Tampa International Airport, Veterans Memorial Highway, Downtown Tampa, and both the Howard Franklin and Courtney Campbell Causeways, providing quick access to Pinellas County. A bus stop is conveniently located directly in front of the building. The address is situated on the northwest corner of 5402 West Hillsborough Avenue and Hoover Boulevard within the Stars and Stripes Commerce Park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,816,000
      Market price range: $1.82M - $4.41M
      AI Estimate
      $1,111,000
      Market price range: $480k - $3.05M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,620,000
      AUTO REPAIR, GARAGE
      $2,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5343
    Latitude
    27.9969
    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
    $20,876
    $863,358
    $292,842
    $1,156,200
    -
    $863,358
    $292,842
    $1,156,200

    Comparable in this City

    • Value Estimation
      $27,885,000
      124,906 SF

      8641 Henderson Rd

      OFFICE BUILDING (MULTI-STORY) • 124,906 SF
      8641 Henderson Rd, Tampa, FL 33634-1141
      View Details
    • Value Estimation
      $10,745,000
      44,501 SF

      5629 Hoover Blvd

      OFFICE BUILDING • 44,501 SF
      5629 Hoover Blvd, Tampa, FL 33634-5300
      View Details
    • Value Estimation
      $3,195,000
      24,297 SF

      5461 Waters Ave

      OFFICE BUILDING • 24,297 SF
      5461 Waters Ave, Tampa, FL 33634-1233
      View Details
    • Value Estimation
      $7,635,000
      46,151 SF

      5463 Waters Ave

      OFFICE BUILDING • 46,151 SF
      5463 Waters Ave, Tampa, FL 33634-1253
      View Details
    • Value Estimation by Request
      20,694 SF

      5402 Beaumont Ctr Blvd

      OFFICE BUILDING • 20,694 SF
      5402 Beaumont Ctr Blvd, Tampa, FL 33634-5267
      View Details
    • Value Estimation
      $10,095,000
      62,013 SF

      5802 Benjamin Ctr Dr

      OFFICE BUILDING • 62,013 SF
      5802 Benjamin Ctr Dr, Tampa, FL 33634-5297
      View Details

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    Tampa, FL 33634
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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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