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    6704 N 54Th St Tampa, FL 33610
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    Property profile & analytics

    6704 N 54Th St, Tampa, FL 33610

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    • Distribution centers
    • 84,595 SF
    • 3.33 lot acres
    For Lease
    $5,735,000
    View Listing →
    East Tampa Distribution and Storage For Lease
    $5,735,000
    20,000 SF

    East Tampa Distribution and Storage

    20,000 SF distribution and storage space in East Tampa.

    6704 N 54th St, Tampa, FL 33610
    View Listing
    Property ID
    US19-0420633
    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.
    Value Estimations
    $5,735,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Acousti Engineering Company of Florida / Construction Company

    Property Details for 6704 N 54Th St

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.33 lot acres
    Zone code
    M
    Property type
    Distribution centers
    APN
    U342819ZZZ000001403200
    APU
    U342819ZZZ000001403200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 6, 2026 — Frg-x-dmd-fl LP Frg-x-fl2 LP Special Warranty Deed · related $325M
    Nov 25, 2024 — Frg X Fl2 LP East Tampa 54 Industrial LLC Special Warranty Deed —
    Dec 19, 2022 $5,600,000 East Tampa 54 Industrial LLC E And F Agency INC Special Warranty Deed $2.2M · Woodmen Of The World Life Insurance
    Apr 13, 2005 $100,000 Jacques R Riviere E & F Agency INC Warranty Deed $90k · Tom P Martino INC
    Apr 8, 2005 — E & F Agency INC Riviere,jacques R Quit Claim Deed · related —

    Description

    This exceptional Tampa warehouse property, located at 6704 N 54th St, offers 81,400 square feet of total building space, with 20,000 square feet currently available for lease. Situated in Hillsborough County, Florida, and boasting a convenient Tampa location (zip code 33610), this industrial property is ideal for businesses requiring substantial storage and operational space. The warehouse features a generous ceiling height of 18 feet, providing ample vertical clearance for various storage and operational needs. The property includes one dock-high door, facilitating efficient loading and unloading of goods. The property is classified as multi-tenant, offering flexibility for businesses of varying sizes. This prime location in Tampa, Florida presents a unique opportunity for businesses seeking a well-maintained and strategically located warehouse space. The available 20,000 square feet provides significant room for expansion or consolidation, making it a versatile option for a range of industrial operations. Interested parties are encouraged to inquire about lease terms and availability. The property's address is 6704-6712 N 54th St, Tampa, FL 33610.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,725,000
      ML approach
      $6,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,715,000
      Market price range: $6.39M - $13.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $9,535,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3963
    Latitude
    28.0093
    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
    $84,315
    $752,888
    $3,946,312
    $4,699,200
    -
    $752,888
    $3,946,312
    $4,699,200

    Comparable in this City

    • Value Estimation
      $8,920,000
      73,621 SF

      6622 Hillsborough Ave

      DISTRIBUTION WAREHOUSE
      6622 Hillsborough Ave, Tampa, FL 33610-4107
      View Details
    • Value Estimation
      $23,435,000
      328,748 SF

      4121 50th St

      DISTRIBUTION WAREHOUSE
      4121 50th St, Tampa, FL 33610-8002
      View Details
    • Value Estimation
      $6,770,000
      93,078 SF

      8633 Elm Fair Blvd

      DISTRIBUTION WAREHOUSE
      8633 Elm Fair Blvd, Tampa, FL 33610-7363
      View Details
    • Value Estimation
      $4,815,000
      84,198 SF

      5500 Giddens Ave

      DISTRIBUTION WAREHOUSE
      5500 Giddens Ave, Tampa, FL 33610-5307
      View Details
    • Value Estimation
      $2,390,000
      35,139 SF

      3717 Lk Ave

      DISTRIBUTION WAREHOUSE
      3717 Lk Ave, Tampa, FL 33610-8026
      View Details
    • Value Estimation
      $1,705,000
      26,600 SF

      6502 54th St

      DISTRIBUTION WAREHOUSE
      6502 54th St, Tampa, FL 33610-1908
      View Details

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      Tampa Industrial Warehouse For Lease

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      Harney Road Warehouse For Rent

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      Spacious Warehouse with Flexible Access

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      Tampa Warehouse with Dock Doors

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      East Tampa Distribution and Storage

      20,000 SF distribution and storage space in East Tampa.
      6704 N 54Th St, Tampa, FL 33610
      View Details
    View Listing
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    Tampa, FL 33610
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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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