Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6987 Fowler Ave Temple Terrace, FL 33617-1714

    Property Lookup

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

    6987 Fowler Ave Temple Terrace, FL 33617-1714

    View on Map
    • Office buildings
    • 2,145 SF
    • 0.06 lot acres
    Off-Market
    Last Sale May 23, 2024
    Property ID
    US18-3909496
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 6987 Fowler Ave

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    2,145 SF
    Zone code
    CO
    Property type
    Office buildings
    APN
    T14281966E000000000110
    APU
    T14281966E000000000110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple Terrace
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3738
    Latitude
    28.0529
    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
    $7,687
    $67,340
    $366,364
    $433,704
    -
    $67,340
    $366,364
    $433,704

    Comparable in this City

    • Value Estimation
      $505,000
      3,896 SF

      111 Riverhills Dr

      OFFICE BUILDING • 3,896 SF
      111 Riverhills Dr, Temple Terrace, FL 33617-7221
      View Details
    • Value Estimation by Request
      1,334 SF

      11716 58th St

      OFFICE BUILDING • 1,334 SF
      11716 58th St, Temple Terrace, FL 33617-1697
      View Details
    • Value Estimation
      $1,140,000
      5,140 SF

      5892 Fowler Ave

      OFFICE BUILDING • 5,140 SF
      5892 Fowler Ave, Temple Terrace, FL 33617-2312
      View Details
    • Value Estimation by Request
      2,960 SF

      4801 Busch Blvd

      OFFICE BUILDING • 2,960 SF
      4801 Busch Blvd, Tampa, FL 33617-6416
      View Details
    • Value Estimation
      $590,000
      2,588 SF

      13355 56th St

      OFFICE BUILDING • 2,588 SF
      13355 56th St, Tampa, FL 33617-1161
      View Details
    • Value Estimation by Request
      1,295 SF

      6967 Fowler Ave

      OFFICE BUILDING • 1,295 SF
      6967 Fowler Ave, Temple Terrace, FL 33617-1714
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Tampa Office Building For Sale

      Office building for sale located in Tampa, Florida.
      11602 North 51St St, Tampa, FL 33617
      View Details
    • $449,000
      1,898 SF

      Second-Floor Office Suite For Sale

      Second-floor office suite with elevator, ample parking, and convenient location.
      13250 N 56Th St, Temple Terrace, FL 33617
      View Details
    • $444,000
      1,898 SF

      Temple Terrace Second-Floor Office Suite

      Second-floor office suite in Temple Terrace, built in 2007.
      13250 N 56Th St, Temple Terrace, FL 33617
      View Details
    • $3,000,000

      Medical Office Park For Sale

      Two-building medical office park with income-producing potential.
      311 Bullard Pkwy, Temple Terrace, FL 33617
      View Details
    • $400,000
      0.16 Acres

      Vacant Lot in Temple Terrace

      Residential land for custom home in established Temple Terrace neighborhood.
      1113 N River Hills Dr, Temple Terrace, FL 33617
      View Details
    • $375,000
      0.72 Acres

      Residential Land Near Hillsborough River

      Vacant riverfront lot near Downtown Tampa, ideal for building.
      4607 E River Hills Dr, Tampa, FL 33617
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Tampa Telecom

      Office space for lease in a master-planned development.
      13101 Telecom Dr, Temple Terrace, FL 33617
      View Details
    • Contact for pricing

      Medical Office Space Near USF

      Medical office space for lease near USF and major hospitals.
      9806 N 56Th St, Temple Terrace, FL 33617
      View Details
    • $28,760

      Medical Office Space Available

      Functional medical office suite near USF Medical corridor for rent.
      10320 N 56Th St, Temple Terrace, FL 33617
      View Details
    • Contact for pricing

      Temple Terrace Retail/Office Space

      Retail or office spaces with high visibility and easy access.
      9730 N 56Th St, Temple Terrace, FL 33617
      View Details
    • Contact for pricing

      4707 E Busch Blvd, Tampa, FL 33617

      Retail space
      4707 E Busch Blvd, Tampa, FL 33617
      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.
    6987 Fowler Ave
    Temple Terrace, FL 33617-1714
    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.
    Sign Up Successful!
    You now have access to more from Realmo!