This exceptional 3,500 square foot creative office space, located at 119 N 11th St, Suite 100A in Tampa, FL 33602, presents a unique opportunity for businesses seeking a vibrant and accessible location. Situated in the heart of Tampa's Channel District, this Class A, single-tenant space boasts a prime corner location, maximizing visibility and foot traffic. The property, built in 2006 and zoned CD-1, features a private entrance within a secured grand lobby with automatic door unlocking from 6 am to 7 pm. A rear garage door facilitates easy deliveries, and two on-site parking spots are included, with an additional 150 spots available for rent in a nearby garage. A 15-minute loading zone is directly in front of the building. The space includes two ADA-compliant restrooms and signage opportunities are available. Additional office space on the third floor may be available upon request. This location is strategically positioned 1.5 blocks from Water Street Tampa and Sparkman's Wharf, within walking distance of the Cruise Ship Port, Tampa Aquarium, Amalie Arena, and the Tampa Riverwalk, surrounded by a diverse array of restaurants and entertainment venues. The lease rate is $36.50 per square foot net, with a minimum five-year term and a 4% annual rent increase. Building expenses, excluding individual electric meter usage, are included in the rent. This is an ideal space for a variety of businesses, benefiting from Tampa's remarkable population and economic growth.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,080,574
6.5%
$997,453
7%
$926,206
Comparable approach
Method
Valuation
Relative Method
$522,870
Geo Method
$522,870
Alternative Use
Use
Valuation
Residential
$1,236,842
Hospitality
$1,132,940
Educational
$942,593
Medical
$975,010
Retail
$1,466,256
Location Insight
City
Tampa
County
Hillsborough
State
Florida
Latitude
27.9486
Longitude
-82.4474
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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