12233 Florida AveTampa, FL 33612

Property Details for 12233 Florida Ave

Year built

1989

Construction

WOOD

Lot size

1.72 AC

Property size (Sq ft)

15,547 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

U12281810P000000000021

APU

U12281810P000000000021

Description

This exceptional 13,858-square-foot commercial property, situated on 1.71 acres in Tampa's Greater Carrollwood Area, presents a unique investment opportunity. Built in 1989 and renovated in 2013, this two-story building offers flexible space ideal for traditional office, medical office, or coworking uses. The property features two suites of approximately 6,900 square feet each, allowing for single-tenant occupancy or division. Boasting 56 parking spaces (4.45 per 1,000 sq ft), an elevator, and a prime location at the signalized intersection of N. Florida Avenue and E. 124th Avenue, this property benefits from high visibility and excellent signage opportunities. The building enjoys a daily traffic count of approximately 38,000 vehicles on N. Florida Avenue, a major thoroughfare. Its strategic location offers convenient access to Interstate 275 and is just 15 minutes from downtown Tampa, Westchase, and New Tampa. The surrounding area is thriving, with a dense population (13,717 within 1 mile, 318,000 within 5 miles), and includes numerous businesses such as car dealerships (including Tesla), banks, restaurants, and other retail establishments. The property is zoned PD-O (Planned Development - Office) and offers modern amenities including multi-unit HVAC. This is a rare opportunity to acquire a well-maintained, high-traffic commercial building in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,138,719

  6.5%

  $2,897,279

  7%

  $2,690,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,839,348

  Geo Method

  $2,839,348

• Alternative Use

  Use

  Valuation

  Residential

  $3,592,626

  Hospitality

  $3,290,826

  Educational

  $2,737,929

  Medical

  $2,832,090

  Retail

  $4,259,000

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0596

Longitude

-82.4588

CBSA code

45300

CBSA name

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

Property Tax & Assessments

FAQs

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