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

    6938 Linebaugh Ave Tampa, FL 33625-5824

    • Office buildings
    • 3,160 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2023
    $600,000
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    8.4%
    Office buildings
    Location Intelligence
    Property ID
    US18-3526012
    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

    • Carney Management Group Inc / Insurance Agency
    • Southeast Insurance Group Inc / Insurance Agency
    • Korta & Co / Accountant
    • Korta & Company / Accounting Firm

    Property Details for 6938 Linebaugh Ave

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    3,160 SF
    Zone code
    M
    Property type
    Office buildings
    APN
    U242817ZZZ000000355706
    APU
    U242817ZZZ000000355706

    Description

    This single-story, 3,100-square-foot freestanding office building in Tampa, Florida, presents a compelling investment opportunity. Located at 6938 W Linebaugh Ave, 33625, this Class B property, built in 2007, offers two suites, each suitable for various professional uses. The building is currently vacant and available for sale at $995,000 ($320.97 per square foot). The lease type is NNN, with tenants responsible for separately metered utilities and interior maintenance. The property boasts a professional office build-out, previously utilized as a chiropractic office. Individual suites are a minimum of 1,500 square feet and could be leased separately. This prime location within a thriving professional office complex makes it an attractive option for both owner-occupiers and investors seeking a strong return. The property's convenient access to Linebaugh Avenue ensures high visibility and easy accessibility. This well-maintained building offers a rare opportunity to acquire a versatile and strategically located office space in a desirable Tampa neighborhood. The building's layout and features make it ideal for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $545,000
      ML approach
      $565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $765,000
      6.5%
      $705,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $796,000
      Market price range: $544k - $1.32M
      AI Estimate
      $370,000
      Market price range: $318k - $546k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $880,000
      Current use
      MEDICAL BUILDING
      $855,000
      Change: -3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $820,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5568
    Latitude
    28.0396
    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
    $9,564
    $80,000
    $465,000
    $545,000
    -
    $80,000
    $465,000
    $545,000

    Comparable in this City

    • Value Estimation
      $1,000,000
      5,147 SF

      6601 Gunn Hwy

      OFFICE BUILDING • 5,147 SF
      6601 Gunn Hwy, Tampa, FL 33625-4056
      View Details
    • Value Estimation
      $565,000
      3,121 SF

      6553 Gunn Hwy

      OFFICE BUILDING • 3,121 SF
      6553 Gunn Hwy, Tampa, FL 33625-4021
      View Details
    • Value Estimation
      $1,350,000
      7,335 SF

      7433 Monika Mnr Dr

      OFFICE BUILDING • 7,335 SF
      7433 Monika Mnr Dr, Tampa, FL 33625-5814
      View Details
    • Value Estimation
      $660,000
      3,881 SF

      6908 Linebaugh Ave

      OFFICE BUILDING • 3,881 SF
      6908 Linebaugh Ave, Tampa, FL 33625-5800
      View Details
    • Value Estimation by Request
      832 SF

      7510 Ehrlich Rd

      OFFICE BUILDING • 832 SF
      7510 Ehrlich Rd, Tampa, FL 33625-1462
      View Details
    • Value Estimation
      $1,100,000
      3,976 SF

      6812 Linebaugh Ave

      OFFICE BUILDING • 3,976 SF
      6812 Linebaugh Ave, Tampa, FL 33625-4951
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Secure office building with shared amenities and easy highway access.
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      View Details
    • Contact for pricing
      1,047 SF

      Medical Office Space Available

      Medical office space for rent with ample parking.
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      View Details
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      Citrus Park Retail Space Available

      Retail spaces available in a power center near Westfield Mall.
      12845 Citrus Park Plz Dr, Tampa, FL 33625
      View Details
    • $432 /Mo
      8,148 SF

      Tampa Auto Shop - 8,148 SF

      Prime Tampa auto repair shop, 12 bays, car wash.
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      98,326 SF

      Westgate Plaza Retail Space Available

      Tampa Retail Space: Multiple Units, High Visibility
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      Retail Space in High-Traffic Area

      Retail space with high traffic count and strong demographics.
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      View Details
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    6938 Linebaugh Ave
    Tampa, FL 33625-5824
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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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