Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8606 40th St Tampa, FL 33604-2434

    • Warehouses
    • 4,000 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4174215
    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

    • Barnes Supply Tampa / Big Box & Wholesale Store

    Property Details for 8606 40th St

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.58 lot acres
    Property size
    4,000 SF
    Zone code
    RM-24
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    A212819464000014000140
    APU
    A212819464000014000140

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $528,000
      Market price range: $129k - $529k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $605,000
      Current use
      OFFICE BUILDING
      $940,000
      Change: +56% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $770,000
      Change: +28% Conversion: Easy
      COMMERCIAL (GENERAL)
      $760,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $610,000
      Change: +1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4169
    Latitude
    28.0278
    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
    $8,944
    $164,832
    $323,068
    $487,900
    -
    $164,832
    $323,068
    $487,900

    Comparable in this City

    • Value Estimation by Request
      2,435 SF

      8120 13th St

      MINI-WAREHOUSE, STORAGE • 2,435 SF
      8120 13th St, Tampa, FL 33604
      View Details
    • Value Estimation
      $980,000
      5,120 SF

      7404 Florida Ave

      MINI-WAREHOUSE, STORAGE • 5,120 SF
      7404 Florida Ave, Tampa, FL 33604-4102
      View Details
    • Value Estimation
      $945,000
      11,512 SF

      8911 12th St

      MINI-WAREHOUSE, STORAGE • 11,512 SF
      8911 12th St, Tampa, FL 33604
      View Details
    • Value Estimation
      $610,000
      4,048 SF

      8819 Brks St

      MINI-WAREHOUSE, STORAGE • 4,048 SF
      8819 Brks St, Tampa, FL 33604-1809
      View Details
    • Value Estimation
      $2,655,000
      14,060 SF

      6301 Florida Ave

      MINI-WAREHOUSE, STORAGE • 14,060 SF
      6301 Florida Ave, Tampa, FL 33604-6627
      View Details
    • Value Estimation by Request
      2,376 SF

      2102 Waters Ave

      MINI-WAREHOUSE, STORAGE • 2,376 SF
      2102 Waters Ave, Tampa, FL 33604-2748
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Tampa Industrial Property For Sale

      Industrial property suitable for warehouse, manufacturing, or distribution businesses.
      8911 N 12Th St, Tampa, FL 33604
      View Details
    • $2,500,000
      13,281 SF

      8911 12Th St, Tampa, FL 33604

      Industrial properties • 13,281 SF
      8911 12Th St, Tampa, FL 33604
      View Details
    • Contact for pricing
      50,000 SF

      Manufacturing Facility on Waters Avenue

      50,000 SF manufacturing facility with high visibility.
      5100-5130 W Waters Ave, Tampa, FL 33604
      View Details
    • $348,000
      Pending

      Income-Producing Duplex in Tampa

      Tampa duplex producing income, near I-275, Busch Gardens, shopping, and dining.
      8602 N 14Th St, Tampa, FL 33604
      View Details
    • $440,000
      0.50 Acres

      Buildable Land on Booming Corridor

      Cleared land with utilities ready for commercial or residential development.
      7502 N 40Th St, Tampa, FL 33604
      View Details
    • $260,000
      0.23 Acres

      Vacant Double Lot in Tampa

      Double lot in Tampa with development potential, ready for building.
      8307 N Ogontz Ave, Tampa, FL 33604
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Industrial Warehouse Space Available

      12,000 square foot warehouse space for lease.
      4504 E Hillsborough Ave, Tampa, FL 33604
      View Details
    • $15 SF/Yr
      8,121 SF

      Tampa Industrial/Retail/Showroom Space For Lease

      Industrial/retail/showroom space zoned CG, suitable for various businesses.
      7941 N Armenia Ave, Tampa, FL 33604
      View Details
    • Contact for pricing
      9,157 SF

      Seminole Heights Industrial Buildings For Lease

      Industrial buildings with fenced yard and outside storage options.
      2403 E Diana St, Tampa, FL 33604
      View Details
    • Contact for pricing
      34,047 SF

      Tampa Warehouse with Outside Storage

      34,047 SF warehouse with fenced and secured outside storage.
      5329 W Crenshaw St, Tampa, FL 33604
      View Details
    • $2,700 /Mo
      2,007 SF

      Seminole Heights Office For Rent

      Office space in vibrant Tampa location with high visibility.
      5409 N Florida Ave, Tampa, FL 33604
      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.
    8606 40th St
    Tampa, FL 33604-2434
    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!