3711 Tampa RdOldsmar, FL 34677
- Office properties
- 9,897 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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