Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6705 Parke E Blvd Tampa, FL 33610-4146
    Back to Search
    Property profile & analytics

    6705 Parke E Blvd, Tampa, FL 33610-4146

    View on Map
    • Distribution centers
    • 16,430 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Jul 27, 2023
    $2,200,000
    Property ID
    US18-1936035
    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
    $2,045,000
    Show details
    Cap Rate Potential
    6.3%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 6705 Parke E Blvd

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Zone code
    PD
    Property type
    Distribution centers
    APN
    U3528191M6000002000020
    APU
    U3528191M6000002000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 27, 2023 $2,200,000 Sl6 Fla Industrial LP Ht Real Estate Tampa LLC Special Warranty Deed —
    May 4, 2017 $875,000 Ht Real Estate-tampa LLC 6705 Park East LLC Warranty Deed $740k · Bank Of America
    Sep 6, 2005 $1,147,500 6705 Park East LLC Equitable Holding Co LLC Warranty Deed —
    Aug 20, 2003 — Equitable Holding Co LLC — Trustees Deed · related $575k · Suntrust Bank NA
    Feb 3, 2003 $120,000 Equitable Holding Co LLC Roth Investment LP Grant Deed · related —
    Nov 2, 1999 $150,000 Roth Investment Partnership Trilateral II Corp Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,045,000
      ML approach
      $2,120,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,140,000
      6.5%
      $1,975,000
      7%
      $1,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,745,000
      Market price range: $1.24M - $2.62M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,850,000
      Current use
      AUTO REPAIR, GARAGE
      $3,170,000
      Change: +71% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,875,000
      Change: +55% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.381
    Latitude
    27.9993
    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
    $20,874
    $196,911
    $1,024,389
    $1,221,300
    -
    $196,911
    $1,024,389
    $1,221,300

    Comparable in this City

    • Value Estimation by Request
      57,918 SF

      5802 Breckenridge Pkwy

      Flex space
      5802 Breckenridge Pkwy, Tampa, FL 33610
      View Details
    • Value Estimation
      $10,415,000
      137,359 SF

      4543 Oak Fair Blvd

      DISTRIBUTION WAREHOUSE
      4543 Oak Fair Blvd, Tampa, FL 33610-7357
      View Details
    • Value Estimation
      $7,810,000
      103,008 SF

      4901 Oak Fair Blvd

      DISTRIBUTION WAREHOUSE
      4901 Oak Fair Blvd, Tampa, FL 33610-5814
      View Details
    • Value Estimation
      $11,405,000
      160,016 SF

      4727 Oak Fair Blvd

      DISTRIBUTION WAREHOUSE
      4727 Oak Fair Blvd, Tampa, FL 33610-7386
      View Details
    • Value Estimation
      $7,095,000
      93,228 SF

      4720 Oak Fair Blvd, Unit 1

      DISTRIBUTION WAREHOUSE
      4720 Oak Fair Blvd, Tampa, FL 33610-7384
      View Details
    • Value Estimation
      $5,785,000
      47,740 SF

      6952 Hillsborough Ave

      DISTRIBUTION WAREHOUSE
      6952 Hillsborough Ave, Tampa, FL 33610-4136
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Industrial Warehouse in Tampa

      New 10,000 SF industrial warehouse for sale in Tampa.
      6401 N 50Th St, Tampa, FL 33610
      View Details
    • Contact for pricing

      Versatile Office Building on 5.22 Acres

      79,728 SF office building near I-4 and I-75.
      6801 E Hillsborough Ave, Tampa, FL 33610
      View Details
    • $479,900
      861 SF

      Corner Unit at Motor Enclave

      Rare corner unit in luxury automotive community, Tampa, Florida.
      6500 Motor Enclave Way, Tampa, FL 33610
      View Details
    • $415,000
      738 SF

      Private Garage Condominium in Tampa

      738 SF garage condo in gated Tampa community.
      6500 Motor Enclave Way, Tampa, FL 33610
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Tampa Industrial Warehouse For Lease

      Functional warehouse space in East Tampa industrial corridor.
      6401 N 50Th St, Tampa, FL 33610
      View Details
    • Contact for pricing
      125,797 SF

      Harney Road Warehouse For Rent

      125,797 SF warehouse with rail access in Tampa.
      6708 Harney Rd, Tampa, FL 33610
      View Details
    • Contact for pricing
      44,232 SF

      Spacious Warehouse with Flexible Access

      44,232 SF warehouse with dock and grade access.
      5705 E Hanna St, Tampa, FL 33610
      View Details
    • Contact for pricing
      35,600 SF

      Tampa Warehouse with Dock Doors

      Industrial warehouse space available for lease in Tampa, Florida.
      4727-4769 Oak Fair Blvd, Tampa, FL 33610
      View Details
    • Contact for pricing

      East Tampa Distribution and Storage

      20,000 SF distribution and storage space in East Tampa.
      6704 N 54Th St, 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.
    6705 Parke E Blvd
    Tampa, FL 33610-4146
    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

    Thank You for Inquiry
    6705 Parke E Blvd, Tampa, FL, 33610
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!