3802 Ehrlich RdTampa, FL 33618

Property Details for 3802 Ehrlich Rd

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.31 AC

Property size (Sq ft)

37,132 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

U042818ZZZ000000796700

APU

U042818ZZZ000000796700

Description

Ehrlich Plaza, situated at 3802 Ehrlich Rd, Tampa, FL 33618, presents a unique investment opportunity. This single, well-maintained building totaling 32,000 square feet offers a variety of office spaces suitable for various needs. The property's strategic location at the prominent southwest corner of Ehrlich Road and Dale Mabry Highway ensures high visibility and accessibility. Currently, there are 25 suites in total, with 4,000 square feet of vacant space available for lease. The available spaces range from 1,000 to 1,335 square feet, ideal for businesses seeking flexible and adaptable work environments. Ehrlich Plaza caters to a diverse range of tenants, accommodating traditional office, executive office, and medical office uses. Recent extensive renovations and a comprehensive rebranding initiative have modernized the property, enhancing its appeal and functionality. The building's prime location within the thriving Carrollwood area offers excellent access to amenities, transportation, and a strong workforce. This is an exceptional opportunity to secure office space in a highly visible and well-maintained building in a desirable Tampa location. The property is classified as Retail and Office, with multiple tenancies available.

• CAP approach

  CAP return

  Valuation

  6%

  $6,849,221

  6.5%

  $6,322,358

  7%

  $5,870,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,781,417

  Geo Method

  $6,781,417

• Alternative Use

  Use

  Valuation

  Residential

  $7,839,724

  Hospitality

  $7,181,144

  Educational

  $5,974,628

  Medical

  $6,180,104

  Retail

  $9,293,866

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0841

Longitude

-82.5071

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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