4244 Linebaugh AveTampa, FL 33624

  • Healthcare properties
  • 5,290 SF
For Sale
$1,400,000 View listing

Property Details for 4244 Linebaugh Ave

Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.12 AC
Property size (Sq ft)
5,290 SF
Zone code
PD
Property type
Healthcare properties
Property subtype
Medical offices
APN
U212818ZZZ000000937905
APU
U212818ZZZ000000937905

Description

This exceptional 5,050 square foot office condo, built in 2005, presents a compelling investment opportunity in Tampa, Florida. Situated on a 0.12-acre lot in the Crown Pointe Professional Center, this meticulously maintained Class C property boasts 20 parking spaces and is zoned PD. The building comprises two units: Suite A, a vacant 2,500 square foot space ideal for various professional businesses, features a reception area, spacious waiting area, seven perimeter offices, a large open area, break room, and two ADA-compliant restrooms. Suite B, a 2,550 square foot unit currently occupied by a 25-year-established Periodontics/Endodontics practice (sold separately), is in impeccable condition and includes a reception and waiting area, two private offices (each with a private bathroom), two ADA restrooms, a lab room, seven exam rooms, and a spacious breakroom. The property's strategic location on W Linebaugh Avenue offers convenient access to Tampa International Airport, I-275, the Veteran's Expressway, Dale Mabry Highway, and Busch Boulevard. The asking price is $1,400,000, translating to $277.23 per square foot. Occupancy is available September 30, 2024. This property offers significant potential for increased rental income and represents a strong investment opportunity in a rapidly growing area. The property's APN is U-21-28-18-ZZZ-000000-93790.5.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $975,772
    6.5%
    $900,713
    7%
    $836,376
  • Comparable approach

    Method
    Valuation
    Relative Method
    $966,113
    Geo Method
    $966,113
  • Alternative Use

    Use
    Valuation
    Residential
    $1,116,884
    Hospitality
    $1,023,060
    Educational
    $851,174
    Medical
    $880,447
    Retail
    $1,324,048
4244 Linebaugh Ave, Tampa, Florida

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0392
Longitude
-82.5126
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
$17,276
$189,035
$798,085
$987,120
-
$189,035
$798,085
$987,120

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