Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5621 Powhatan Ave Tampa, FL 33610-2025

    • Refrigerated & Cold Storages
    • 31,344 SF
    • 2.10 lot acres
    OFF-MARKET
    Value Estimations
    $2,485,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4400585
    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

    • Kelly's Foods Tampa / Food Products Supplier
    • Kelly's Food Service / Food Broker
    • Turtle Beach Foodservice / Food Products Supplier / Company

    Property Details for 5621 Powhatan Ave

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.10 lot acres
    Property size
    31,344 SF
    Zone code
    M
    Property type
    Refrigerated & Cold Storages
    APN
    U3428191M5000000000001
    APU
    U3428191M5000000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,577,000
      Market price range: $624k - $2.64M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,535,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.391
    Latitude
    27.9987
    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
    $43,789
    $490,242
    $2,112,358
    $2,602,600
    -
    $490,242
    $2,112,358
    $2,602,600

    Comparable in this City

    • Value Estimation
      $1,620,000
      13,508 SF

      5610 50th St

      COLD STORAGE • 13,508 SF
      5610 50th St, Tampa, FL 33610-4806
      View Details
    • Value Estimation
      $1,010,000
      14,505 SF

      2908 Mcberry St

      COLD STORAGE • 14,505 SF
      2908 Mcberry St, Tampa, FL 33610-6445
      View Details
    • Value Estimation by Request
      5,335 SF

      3113 Hillsborough Ave

      COLD STORAGE • 5,335 SF
      3113 Hillsborough Ave, Tampa, FL 33610-4527
      View Details
    • Value Estimation
      $3,345,000
      58,908 SF

      5100 Hanna Ave

      COLD STORAGE • 58,908 SF
      5100 Hanna Ave, Tampa, FL 33610-4027
      View Details
    • Value Estimation
      $24,055,000
      218,591 SF

      7004 Hanna Ave

      COLD STORAGE • 218,591 SF
      7004 Hanna Ave, Tampa, FL 33610-9527
      View Details
    • Value Estimation
      $2,510,000
      40,640 SF

      5445 Bonacker Dr

      COLD STORAGE • 40,640 SF
      5445 Bonacker Dr, Tampa, FL 33610-2026
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Versatile Office/Industrial Building For Sale

      Single-story office building with manufacturing zoning and recent upgrades.
      5421 N 59Th St, Tampa, FL 33610
      View Details
    • $415,000
      Pending

      Corner Commercial Garage Condo

      Corner garage condo in motorsports community, ideal for automotive businesses.
      6500 Motor Enclave Way, Tampa, FL 33610
      View Details
    • $279,900

      East Tampa Industrial Land

      12,650 SF Industrial Land, High Visibility
      5022 30Th St, Tampa, FL 33610
      View Details
    • $999,999
      2.50 Acres

      Tampa Commercial Land - $999,999

      2.5-acre commercial lot, ideal Tampa location.
      5510 Carmack Rd, Tampa, FL 33610
      View Details
    • $2,500,000
      4.90 Acres

      Developable Land in Tampa, Florida

      5-acre parcel for residential or commercial development near Downtown Tampa.
      5501 N 37Th St, Tampa, FL 33610
      View Details
    • $335,000
      0.37 Acres

      Residential Land in Tampa, Florida

      Land parcel ideal for multiple townhomes or a single-family home.
      3415 Deleuil Ave, Tampa, FL 33610
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      57,918 SF

      Breckenridge Park: Office & Flex Space

      Versatile Office/Warehouse/Flex Space Available
      5802 Breckenridge Pkwy, Tampa, FL 33610
      View Details
    • $11 SF/Yr
      1,436 SF

      Tampa Flex Space Available

      Flex space in Interstate Business Park, Tampa, Florida.
      8402 Laurel Fair Cir, Tampa, FL 33610
      View Details
    • $14 SF/Yr
      130,033 SF

      Tampa East Lake Industrial Space

      Flexible industrial space in Tampa, FL
      5806 53Rd St, Tampa, FL 33610
      View Details
    • $18 SF/Yr
      39,019 SF

      Tampa Warehouse Space Available

      39,019 square foot warehouse space for lease in Tampa.
      10606 Tanner Rd, Tampa, FL 33610
      View Details
    • $11 SF/Yr
      26,640 SF

      Tampa Warehouse Space Available

      26,640 SF warehouse space for lease in Tampa, Florida.
      5140 W Clifton St, Tampa, FL 33610
      View Details
    • $7 SF/Yr
      11,959 SF

      Versatile Flex Space Available

      Industrial, office, warehouse, and flex space for lease.
      8416 Laurel Fair Cir, Tampa, FL 33610
      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.
    5621 Powhatan Ave
    Tampa, FL 33610-2025
    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

    Google sign-in failed. Please try again or use another login method.