3711 Tampa RdOldsmar, FL 34677

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 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.

• 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

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