3711 Tampa RdOldsmar, FL 34677

  • Office properties
  • 9,897 SF
For Lease

Property Details for 3711 Tampa Rd

Year built
1986
Construction
CONCRETE BLOCKS
Lot size
0.95 AC
Property size (Sq ft)
9,897 SF
Property type
Office properties
Property subtype
Office buildings
APN
14-28-16-00000-330-0320
APU
142816000003300320

Description

This exceptional 6,979 square foot medical office building presents a unique investment opportunity in Oldsmar, Florida. Situated on a 0.95-acre lot at the highly visible corner of Tampa Road and Forest Lakes Boulevard, this single-tenant property boasts a prime location within a thriving retail center anchored by ALDI and Ross. Built in 1986, the building offers ample space suitable for various medical, office, or retail uses. The property benefits from exceptional visibility and accessibility, with 71,000 vehicles traversing this key intersection daily. This strategic location within Pinellas County places the property within a densely populated area, serving a substantial market. The surrounding area boasts a strong demographic profile, with 70,000 residents within a 3-mile radius and an average household income exceeding $103,000. The total building size is 9,638 square feet, offering potential for expansion or future development. This property represents a compelling investment opportunity in a high-growth area with significant potential for long-term returns. The property is located in Pinellas County and is a single building on a 0.95 acre lot. The building is suitable for a variety of uses including medical, office, and retail.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,052,592
    6.5%
    $1,894,700
    7%
    $1,759,364
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,091,441
    Geo Method
    $1,091,441
  • Alternative Use

    Use
    Valuation
    Residential
    $2,349,428
    Hospitality
    $2,152,064
    Educational
    $1,790,492
    Medical
    $1,852,069
    Retail
    $2,785,209
3711 Tampa Rd, Oldsmar, Florida

Location Insight

City
Oldsmar
County
Pinellas
State
Florida
Latitude
28.0441
Longitude
-82.6778
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
$47,527
-
-
$2,725,000
-
$665,499
$2,059,501
$2,725,000

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