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

    601 Falkenburg Rd Tampa, FL 33619-8017

    • Warehouses
    • 4,880 SF
    • 4.78 lot acres
    OFF-MARKET
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    8.1%
    Warehouses
    Location Intelligence
    Property ID
    US18-5809942
    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

    • MRC Solutions Inc / Financial Advisor
    • Dr. David D. Folkerth, DO / Physician
    • STEVE ROLAND SHELVING / Hardware & Home Improvement
    • Keller Robert H MD / Physician
    • Comspeq International / Consultant

    Property Details for 601 Falkenburg Rd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.78 lot acres
    Property size
    4,880 SF
    Zone code
    PD
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    U192920ZZZ000002516600
    APU
    U192920ZZZ000002516600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $695,000
      7%
      $645,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $950,000
      Current use
      RETAIL STORES
      $1,085,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,050,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3361
    Latitude
    27.9462
    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
    $84,035
    $1,603,766
    $4,014,934
    $5,618,700
    -
    $1,603,766
    $4,014,934
    $5,618,700

    Comparable in this City

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      17,224 SF

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      MINI-WAREHOUSE, STORAGE • 17,224 SF
      7304 Cswy Blvd, Tampa, FL 33619-5915
      View Details
    • Value Estimation
      $3,880,000
      30,280 SF

      5135 Madison Ave

      MINI-WAREHOUSE, STORAGE • 30,280 SF
      5135 Madison Ave, Tampa, FL 33619-9645
      View Details
    • Value Estimation
      $2,410,000
      25,917 SF

      1900 62nd St

      MINI-WAREHOUSE, STORAGE • 25,917 SF
      1900 62nd St, Tampa, FL 33619-3132
      View Details
    • Value Estimation
      $2,080,000
      20,599 SF

      2405 71st St

      MINI-WAREHOUSE, STORAGE • 20,599 SF
      2405 71st St, Tampa, FL 33619-2952
      View Details
    • Value Estimation
      $5,730,000
      44,424 SF

      4480 Eagle Fls Pl

      MINI-WAREHOUSE, STORAGE • 44,424 SF
      4480 Eagle Fls Pl, Tampa, FL 33619-9620
      View Details
    • Value Estimation
      $2,065,000
      23,343 SF

      1865 Massaro Blvd

      MINI-WAREHOUSE, STORAGE • 23,343 SF
      1865 Massaro Blvd, Tampa, FL 33619-3013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,230 SF

      Tampa Industrial Warehouse - 28,230 SF

      Prime East Tampa distribution/manufacturing space.
      1030 86Th St, Tampa, FL 33619
      View Details
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      19,200 SF

      Port-Adjacent Industrial Portfolio For Sale

      2.28-acre industrial portfolio with redevelopment potential in prime Tampa corridor.
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      Palm River Industrial Warehouse

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    • $4,890,000
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      Palm River Industrial Site

      2.14-acre industrial site with two warehouse buildings.
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      38,475 SF

      Industrial Warehouse with Outdoor Storage

      Spacious warehouse with office, truck well, and outdoor storage.
      1127 S 56Th St, Tampa, FL 33619
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    • $4,500,000
      23,596 SF

      East Tampa Freestanding Warehouse

      20,000 SF warehouse on 2.5 acres in East Tampa.
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    Similar Nearby for Lease

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      38,797 SF

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      Large warehouse, ideal for manufacturing.
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      262,440 SF

      East Tampa Commerce Center: Prime Warehouse Space

      Class A warehouse, 262,440 sqft, divisible spaces available.
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      View Details
    • $5 SF/Yr
      21,948 SF

      Industrial Building with Excess Parking

      Freestanding industrial building available for rent with ample parking.
      1865 Massaro Blvd, Tampa, FL 33619
      View Details
    • Contact for pricing
      12,040 SF

      Tampa Flex Space Available

      Flex and office spaces with mature landscaping and ample parking.
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      View Details
    • $6,750 /Mo
      6,345 SF

      Renovated Tampa Warehouse with Office

      6,345 SF renovated warehouse with office space for lease.
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      View Details
    • Contact for pricing
      202,500 SF

      Sublease Opportunity with Truck Yard

      202,500 SF sublease with secure truck yard in Tampa.
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      View Details
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    601 Falkenburg Rd
    Tampa, FL 33619-8017
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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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