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

    6923 Sheldon Rd Tampa, FL 33615-2756

    • Office buildings
    • 1,344 SF
    • 3.99 lot acres
    OFF-MARKET
    Last Sale
    Sep 10, 2021
    $1,800,000
    Value Estimations
    $1,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0816575
    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

    • Strong Tower Church / Church / Mosque

    Property Details for 6923 Sheldon Rd

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    3.99 lot acres
    Property size
    1,344 SF
    Zone code
    RSC-6
    Property type
    Office buildings
    APN
    U262817ZZZ000000384000
    APU
    U262817ZZZ000000384000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,075,000
      ML approach
      $2,060,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5819
    Latitude
    28.0144
    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
    $345
    $464,053
    $1,105,427
    $1,569,480
    -
    $464,053
    $1,105,427
    $1,569,480

    Comparable in this City

    • Value Estimation
      $1,195,000
      4,158 SF

      6323 Memorial Hwy

      OFFICE BUILDING • 4,158 SF
      6323 Memorial Hwy, Tampa, FL 33615-4509
      View Details
    • Value Estimation
      $790,000
      3,099 SF

      4627 Town N Country Blvd

      OFFICE BUILDING • 3,099 SF
      4627 Town N Country Blvd, Tampa, FL 33615-4523
      View Details
    • Value Estimation
      $760,000
      8,726 SF

      8377 Standish Bnd Dr

      OFFICE BUILDING • 8,726 SF
      8377 Standish Bnd Dr, Tampa, FL 33615-3821
      View Details
    • Value Estimation
      $965,000
      3,276 SF

      9002 Hillsborough Ave

      OFFICE BUILDING • 3,276 SF
      9002 Hillsborough Ave, Tampa, FL 33615-3717
      View Details
    • Value Estimation by Request
      922 SF

      5827 Memorial Hwy

      OFFICE BUILDING • 922 SF
      5827 Memorial Hwy, Tampa, FL 33615
      View Details
    • Value Estimation
      $830,000
      2,844 SF

      7902 Hillsborough Ave

      OFFICE BUILDING • 2,844 SF
      7902 Hillsborough Ave, Tampa, FL 33615-4608
      View Details

    Similar Nearby for Sale

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    • $565,000
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      Remodeled Tampa Office Opportunity

      Remodeled office space suitable for various businesses, potential rezoning needed.
      6213 Sheldon Rd, Tampa, FL 33615
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    • $325,000
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      Tampa Medical Office Lot - Tract B

      Prime Medical Office Land, Tampa, FL
      5941-5943 Webb Rd, Tampa, FL 33615
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    • $2,900,000
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      Versatile Commercial Building For Sale

      Well-maintained commercial building with flexible potential for various uses.
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    Similar Nearby for Lease

    • $34,800

      Office/Medical Building with Atrium

      Two-story office/medical building with high traffic location.
      8370 W Hillsborough Ave, Tampa, FL 33615
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    • Contact for pricing
      1,505 SF

      Sublease Office Space Available

      Office space available for sublease with attractive terms.
      6301 Memorial Hwy, Tampa, FL 33615
      View Details
    • Contact for pricing
      7,820 SF

      Tampa Medical Office Building For Lease

      7,820 SF Medical Office - Tampa, FL
      5901-5967 Webb Rd, Tampa, FL 33615
      View Details
    • Contact for pricing
      1,250 SF

      Office Space Available For Rent

      Office space available for rent at 6323 Memorial Hwy.
      6323 Memorial Hwy, Tampa, FL 33615
      View Details
    • Contact for pricing
      52,595 SF

      Tampa Warehouse Space For Lease

      52,595 SF warehouse space available for lease in Tampa.
      9301-9321 Florida Palm Dr, Tampa, FL 33615
      View Details
    • Contact for pricing

      Freestanding Building on Memorial Hwy

      18,843 SF building and 1.42 acre commercial pad available.
      6621 Memorial Hwy, Tampa, FL 33615
      View Details
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    6923 Sheldon Rd
    Tampa, FL 33615-2756
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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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