12108 56Th StTemple Terrace, FL 33617

Property Details for 12108 56Th St

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.03 AC

Property size (Sq ft)

11,890 SF

Zone code

CG

Property type

Office buildings

APN

T1028191HK000000000001

APU

T1028191HK000000000001

Description

Palm Plaza, located at 12108 N 56th St, Temple Terrace, FL 33617, offers a diverse range of office spaces ideal for various business needs. This two-story, Class B building, constructed in 1986, encompasses 12,343 square feet and features ten suites, accommodating businesses of all sizes. The property is currently offering 3,000 square feet of vacant space, with units ranging from a minimum of 600 square feet to a maximum contiguous space of 3,000 square feet. The building's diverse subtypes include medical, executive, creative, and traditional office spaces, as well as retail options, making it a versatile location for a variety of tenants. Second-floor units, ranging from 600 to 1200 square feet, each include a private bathroom. The building is well-maintained and professionally managed. Its convenient location near the University of South Florida (USF) provides excellent access to a skilled workforce and a vibrant community. While there is no elevator, the building's two-story design ensures easy accessibility to most units. This property presents a unique opportunity for businesses seeking a well-located, versatile, and well-maintained office space in the thriving Temple Terrace market. The property is situated in Hillsborough County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,400,423

  6.5%

  $2,215,775

  7%

  $2,057,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,171,471

  Geo Method

  $2,171,471

• Alternative Use

  Use

  Valuation

  Residential

  $2,747,561

  Hospitality

  $2,516,751

  Educational

  $2,093,907

  Medical

  $2,165,920

  Retail

  $3,257,189

Location Insight

City

Temple Terrace

County

Hillsborough

State

Florida

Latitude

28.0575

Longitude

-82.3943

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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