Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9208 Palm Riv Rd Tampa, FL 33619-4483
    Back to Search
    Property profile & analytics

    9208 Palm Riv Rd, Tampa, FL 33619-4483

    View on Map
    • Distribution centers
    • 72,236 SF
    • 8.66 lot acres
    Off-Market
    Last Sale Jan 20, 2023
    $5,000,000
    Property ID
    US18-3299207
    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
    $4,860,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • B&D Industrial / Factory / Industrial Manufacturer
    • Evaxo International Inc. / (Bike/Boat/Book/etc) Store / Pharmacy
    • Edmonson Electric - Brandon Office / Electronics & Wireless Store
    • Design Loft Tampa / Warehouse & Storage
    • Guardian Restoration Services/BMS CAT / Hardware & Home Improvement / Construction Company

    Property Details for 9208 Palm Riv Rd

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.66 lot acres
    Zone code
    M
    Property type
    Distribution centers
    APN
    U192920ZZZ000002518800
    APU
    U192920ZZZ000002518800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 20, 2023 $5,000,000 Palm River Center Partners LLC Palm River Jlm Center Ltd Special Warranty Deed —
    Jan 19, 2017 — Palm River Jlm Center Ltd — Deed · related $2.5M · Lakeland Bk
    May 1, 1997 $3,250,000 Eastgroup Tampa INC Palm River Jlm Center Ltd Trustees Deed —
    May 1, 1997 — Palm River Jlm Center Ltd Palm River Center Realty INC Quit Claim Deed · related —
    — — Palm River Jlm Center Ltd — Deed Of Trust · related $1M · Lakeland Bk
    — — Palm River Jlm Center Ltd — Deed Of Trust · related $2.5M · Lakeland Bk

    Description

    The East Tampa Commerce Center, located at 9208 Palm River Rd, Tampa, FL 33619, presents a unique opportunity for businesses seeking prime industrial warehouse space. This Class A property boasts a total of 262,440 square feet across three single-story buildings, all built in 2024. Currently, the entire 262,440 square feet is available for lease. The property offers flexible space options, with a minimum divisible unit of 40,000 square feet and a maximum contiguous space of 91,440 square feet. Each unit features a 32-foot ceiling height, ideal for various industrial uses. Situated in Hillsborough County, this strategically located center provides exceptional access to major transportation arteries, including Interstate 4 and Interstate 75, offering seamless connectivity to the Port of Tampa. Its proximity to US Highway 301, Adamo Drive/SR 60, and the Lee Roy Selmon Expressway ensures efficient distribution and last-mile delivery capabilities, reaching 90% of the MSA population within 45 minutes. This in-fill location within the highly desirable East Tampa industrial submarket makes this property an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,645,000
      ML approach
      $4,800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3514
    Latitude
    27.9419
    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
    $96,340
    $1,478,553
    $3,852,247
    $5,330,800
    -
    $1,478,553
    $3,852,247
    $5,330,800

    Comparable in this City

    • Value Estimation by Request
      204,000 SF

      2998 62Nd St

      Distribution properties
      2998 62Nd St, Tampa, FL 33619
      View Details
    • Value Estimation by Request
      53,376 SF

      9842 Currie Davis Dr

      Distribution properties
      9842 Currie Davis Dr, Tampa, FL 33619
      View Details
    • Value Estimation
      $19,460,000
      177,616 SF

      9230 Columbus Dr

      DISTRIBUTION WAREHOUSE
      9230 Columbus Dr, Tampa, FL 33619-2381
      View Details
    • Value Estimation
      $38,115,000
      351,008 SF

      9250 Columbus Dr

      DISTRIBUTION WAREHOUSE
      9250 Columbus Dr, Tampa, FL 33619-2381
      View Details
    • Value Estimation
      $4,895,000
      44,142 SF

      3735 Corporex Park Dr

      DISTRIBUTION WAREHOUSE
      3735 Corporex Park Dr, Tampa, FL 33619-1162
      View Details
    • Value Estimation
      $4,705,000
      366,962 SF

      5102 16th S Ave

      DISTRIBUTION WAREHOUSE
      5102 16th S Ave, Tampa, FL 33619-5336
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Modern Distribution Facility in Tampa

      178,200 SF industrial facility built in 2019 for sale.
      4555 Eagle Falls Pl, Tampa, FL 33619
      View Details
    • Contact for pricing

      Distribution Facility in Tampa, FL

      70,570 SF distribution facility with modern features and convenient access.
      4529 Eagle Falls Pl, Tampa, FL 33619
      View Details
    • Contact for pricing

      East Tampa Distribution Facility

      Class A distribution facility in East Tampa, built in 2019.
      4405 Eagle Falls Pl, Tampa, FL 33619
      View Details
    • $1,900,000
      Pending

      Prime Commercial Infill Development Opportunity

      2.82-acre commercial infill property in Tampa's growth corridor.
      7222 E Dr Martin Luther King Jr Blvd, Tampa, FL 33619
      View Details
    • Contact for pricing
      Pending

      Tampa Commercial Infill Development Opportunity

      2.82-acre commercial infill property in Tampa's growth corridor.
      7222 E Dr Martin Luther King Jr Blvd, Tampa, FL 33619
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,400 SF

      Corporex Park Distribution Center Space

      Distribution center space available at Corporex Park in Tampa.
      3719 Corporex Park Dr, Tampa, FL 33619
      View Details
    • Contact for pricing

      Tampa Distribution Space For Lease

      Premier distribution location in the Tampa industrial market.
      1201 Old Hopewell Rd, Tampa, FL 33619
      View Details
    • Contact for pricing

      Modern Industrial Buildings For Lease

      Flexible industrial spaces suitable for manufacturing, warehousing, and distribution.
      2998 N 62Nd St, Tampa, FL 33619
      View Details
    • Contact for pricing

      Industrial Development with Flexible Spaces

      Modern industrial buildings suitable for manufacturing, warehousing, and distribution.
      2998 N 62Nd St, Tampa, FL 33619
      View Details
    • Contact for pricing
      156,311 SF

      East Tampa Warehouse Space

      Warehouse space available in East Tampa in May 2026.
      4406 Madison Industrial Ln, Tampa, FL 33619
      View Details
    • Contact for pricing

      Tampa Warehouse Space Available

      Warehouse space for rent in Tampa, Florida.
      9321 Florida Palm Dr, Tampa, FL 33619
      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.
    9208 Palm Riv Rd
    Tampa, FL 33619-4483
    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

    Thank You for Inquiry
    9208 Palm Riv Rd, Tampa, FL, 33619
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!