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

    8500 Hidden Riv Pkwy Tampa, FL 33637-1014

    • Manufacturing properties
    • 190,288 SF
    • 24.57 lot acres
    OFF-MARKET
    Value Estimations
    $32,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5482003
    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

    • FedEx Drop Box / Postal Service / Courier Service
    • Bausch & Lomb Pharmaceuticals / Factory / Production Facility

    Property Details for 8500 Hidden Riv Pkwy

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    24.57 lot acres
    Property size
    190,288 SF
    Zone code
    PD
    Property type
    Manufacturing properties
    APN
    A0128191EN000000000010
    APU
    A0128191EN000000000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $38,520,000
      6.5%
      $35,555,000
      7%
      $33,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $38,768,000
      Market price range: $15.9M - $54.8M
      AI Estimate
      $22,477,000
      Market price range: $5.03M - $35.9M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $33,280,000
      Current use
      OFFICE BUILDING
      $53,085,000
      Change: +60% Conversion: Difficult
      MEDICAL BUILDING
      $51,440,000
      Change: +55% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $49,505,000
      Change: +49% Conversion: Difficult
      RETAIL STORES
      $42,250,000
      Change: +27% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $36,720,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3653
    Latitude
    28.0754
    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
    $332,682
    $5,632,952
    $11,908,248
    $17,541,200
    -
    $5,632,952
    $11,908,248
    $17,541,200

    Comparable in this City

    • Value Estimation
      $6,530,000
      36,520 SF

      8804 Maislin Dr

      MANUFACTURING (LIGHT) • 36,520 SF
      8804 Maislin Dr, Temple Terrace, FL 33637-6705
      View Details
    • Value Estimation
      $20,630,000
      153,067 SF

      12501 Telecom Dr

      MANUFACTURING (LIGHT) • 153,067 SF
      12501 Telecom Dr, Temple Terrace, FL 33637-0906
      View Details
    • Value Estimation
      $3,680,000
      21,424 SF

      7720 301st Hwy

      MANUFACTURING (LIGHT) • 21,424 SF
      7720 301st Hwy, Tampa, FL 33637
      View Details
    • Value Estimation by Request

      HIGHLY SOUGHT-AFTER INDUSTRIAL WAREHOUSE | TEMPLE TERRACE

      Industrial space for Lease
      7704 Industrial Lane, Temple Terrace, Florida 33637, Temple Terrace, FL 33637
      View Details
    • Value Estimation
      $3,620,000
      26,500 SF

      8602 Temple Ter Hwy

      MINI-WAREHOUSE, STORAGE • 26,500 SF
      8602 Temple Ter Hwy, Tampa, FL 33637-5802
      View Details
    • Value Estimation
      $2,300,000
      17,156 SF

      8806 Venture Cv

      MINI-WAREHOUSE, STORAGE • 17,156 SF
      8806 Venture Cv, Temple Terrace, FL 33637-6703
      View Details

    Similar Nearby for Sale

    • $1,599,900
      Pending

      Tampa Retail Development Opportunity

      Prime commercial property approved for convenience store and gas pumps.
      8617 Temple Terrace Hwy, Tampa, FL 33637
      View Details
    • New
      $320,000
      Pending

      Residential Lot in Established Tampa

      Oversized 0.71-acre residential lot zoned for duplex development.
      10616 Davis Rd, Tampa, FL 33637
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    • $1,699,900
      1,944 SF

      Temple Terrace Hwy Retail Site

      High-traffic retail opportunity, Tampa
      8617 Temple Terrace Hwy, Tampa, FL 33637
      View Details
    • Contact for pricing

      Vacant Land on Bullard Parkway

      Vacant land fronting Bullard Parkway near Temple Terrace, Florida.
      9050 Meadowood Blvd, Temple Terrace, FL 33637
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    • $499,999
      0.45 Acres

      Tampa Mixed-Use Commercial Potential

      Home on nearly half acre near Amazon fulfillment center.
      9211 Harney Baptist Church Rd, Tampa, FL 33637
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      26,936 SF

      Tampa Warehouse Space with Drive-ins

      1,618 RSF warehouse with drive-in doors and AC.
      12451-12499 Telecom Dr, Tampa, FL 33637
      View Details
    • $18 SF/Yr
      6,500 SF

      Tampa Flex Space For Lease

      6,500 SF flex space with fenced lot and parking.
      7001 Temple Terrace Hwy, Tampa, FL 33637
      View Details
    • $29 SF/Yr
      12,211 SF

      Class A Office Space Available

      Office space for lease in Telecom Park, Temple Terrace.
      13008 Telecom Dr, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      3,000 SF

      Temple Terrace Retail Center

      Prime Retail Space Available Now
      7141 Fletcher Ave, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Temple Terrace

      Retail space available in a busy Temple Terrace shopping center.
      8707-8771 Temple Terrace Hwy, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      2,510 SF

      Premier Tampa Office Park Space

      High-quality office space in a top corporate park.
      14025 Riveredge Dr, Tampa, FL 33637
      View Details
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    Tampa, FL 33637-1014
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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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