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

    6371 Madison Ave Tampa, FL 33619

    • Warehouses
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3838930
    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

    • Warehouses

    Property Details for 6371 Madison Ave

    Lot size
    0.26 lot acres
    Zone code
    AI
    Property type
    Warehouses
    APN
    U023019663000001671901
    APU
    U023019663000001671901

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3857
    Latitude
    27.8977
    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
    $451
    $130
    $25,792
    $25,922
    -
    $130
    $25,792
    $25,922

    Comparable in this City

    • Value Estimation
      $255,000
      0.39 Acres

      5122 Hartford St

      STORAGE YARD (JUNK, SALVAGE) • 0.39 Acres
      5122 Hartford St, Tampa, FL 33619-6816
      View Details
    • Value Estimation
      $250,000
      0.14 Acres

      6812 Broadway Ave

      STORAGE YARD (JUNK, SALVAGE) • 0.14 Acres
      6812 Broadway Ave, Tampa, FL 33619-1827
      View Details
    • Value Estimation
      $715,000
      31,778 SF

      7840 Communications Ln

      WAREHOUSE, STORAGE • 31,778 SF
      7840 Communications Ln, Tampa, FL 33619-6502
      View Details
    • Value Estimation
      $275,000
      624 SF

      5213 36th S Ave

      STORAGE YARD (JUNK, SALVAGE) • 624 SF
      5213 36th S Ave, Tampa, FL 33619-6827
      View Details
    • Value Estimation
      $1,230,000
      249,932 SF

      3701 Cswy Blvd

      MINI-WAREHOUSE, STORAGE • 249,932 SF
      3701 Cswy Blvd, Tampa, FL 33619-5115
      View Details
    • Value Estimation
      $1,025,000
      30,310 SF

      9001 Brittany Way

      WAREHOUSE, STORAGE • 30,310 SF
      9001 Brittany Way, Tampa, FL 33619-4351
      View Details

    Similar Nearby for Sale

    • $4,890,000

      Palm River Industrial Warehouse

      Tampa, FL: 51,599 SF Warehouse
      5208 St Paul St, Tampa, FL 33619
      View Details
    • $4,890,000
      51,599 SF

      Palm River Industrial Site

      2.14-acre industrial site with two warehouse buildings.
      5208 Saint Paul St, Tampa, FL 33619
      View Details
    • Contact for pricing
      38,475 SF

      Industrial Warehouse with Outdoor Storage

      Spacious warehouse with office, truck well, and outdoor storage.
      1127 S 56Th St, Tampa, FL 33619
      View Details
    • $5,500,000
      28,230 SF

      Tampa Manufacturing Warehouse For Sale

      Manufacturing warehouse with office space available for sale in Tampa.
      1020-1030 S 86Th St, Tampa, FL 33619
      View Details
    • Contact for pricing
      38,990 SF

      Manufacturing Facility with Office Space

      38,990 SF manufacturing facility with warehouse and office space.
      3221 Cherry Palm Dr, Tampa, FL 33619
      View Details
    • $4,499,000
      42,954 SF

      Tampa Manufacturing Facility with Cranes

      Manufacturing facility with multiple cranes and easy highway access.
      5101 24Th Ave, Tampa, FL 33619
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      121,600 SF

      East Tampa Industrial Space For Lease

      121,600 SF Manufacturing/Warehouse
      3719 Corporex Park Dr, Tampa, FL 33619
      View Details
    • $14 SF/Yr
      1,800 SF

      Tampa Flex Space For Lease

      1,800 SF Industrial Space Available
      2433 86Th St, Tampa, FL 33619
      View Details
    • Contact for pricing
      25,020 SF

      7840 Communications Lane Warehouse

      25,020 SF Warehouse, Ample Parking
      7840 Communications Ln, Tampa, FL 33619
      View Details
    • Contact for pricing
      96,250 SF

      Industrial Space Available For Lease

      96,250 SF industrial space available for lease.
      4545-4561 Madison Industrial Ln, Tampa, FL 33619
      View Details
    • Contact for pricing
      180,400 SF

      New Warehouse Space Available

      180,400 SF warehouse space available for lease in Q4 2024.
      6701 Lakeview Center Dr, Tampa, FL 33619
      View Details
    • $11 SF/Yr
      14,640 SF

      Tampa Warehouse Space Available

      Available warehouse space in Tampa, Florida.
      5102-5126 Causeway Blvd, Tampa, FL 33619
      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.
    6371 Madison Ave
    Tampa, FL 33619
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.