Tampa Bay Office Sales Report | April 2019
Historical report: April 2019. This sales log covers Hillsborough and Pinellas counties. Pasco County sales data was unavailable when the original report was prepared. These historical figures do not reflect current property values or a verified complete record of all sales.
Tampa Bay Office Sales: April 2019
The April 2019 office sales log included 44 transactions totaling $28,866,157, with a combined reported building area of 165,174 square feet.
Sales Summary
| Metric | April 2019 |
|---|---|
| Listed Transactions | 44 |
| Total Sales Volume | $28,866,157 |
| Reported Building Area | 165,174 SF |
| Average Sale Price | $656,049 |
| Average of Listed Prices/SF | $181.39 |
The $181.39 figure is the arithmetic average of the individual prices per square foot listed below. It is not total sales volume divided by total building area.
Sales Highlights
- Largest sale: 100 N West Shore Boulevard in Tampa sold for $4,300,000. The original report described two three-story buildings totaling 21,520 square feet on 1.97 acres. The listed price was $199.81 per square foot.
- Second-largest sale: 3514 W Bay to Bay Boulevard in Tampa sold for $3,200,000, with a reported building area of 6,878 square feet and a price of $465.25 per square foot.
- Highest listed price per square foot: 2401 W Kennedy Boulevard in Tampa sold for $2,600,000, or $635.70 per square foot based on the reported 4,090-square-foot building area.
April 2019 Office Sales Log
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| Property Address | City | ZIP | Acres | Building SF | Sale Date | Sale Price | Price/SF |
|---|---|---|---|---|---|---|---|
| 3514 W Bay to Bay Blvd | Tampa | 33629 | 0.69 | 6,878 | 4/1/2019 | $3,200,000 | $465.25 |
| 220 Pasadena Ave S | St. Petersburg | 33707 | 1.53 | 1,813 | 4/1/2019 | $300,000 | $165.47 |
| 4601 Central Ave | St. Petersburg | 33713 | 0.18 | 1,925 | 4/1/2019 | $418,000 | $217.14 |
| 305 N Ft Harrison Ave | Clearwater | 33755 | 0.16 | 3,037 | 4/1/2019 | $460,000 | $151.47 |
| 2605 Keystone Rd | Tarpon Springs | 34688 | 0.16 | 2,859 | 4/1/2019 | $500,000 | $174.89 |
| 311 W Fletcher Ave | Tampa | 33612 | 2.07 | 16,434 | 4/3/2019 | $194,900 | $11.86 |
| 1361 Park St | Clearwater | 33756 | 0.17 | 1,667 | 4/4/2019 | $179,000 | $107.38 |
| 1908 Drew St | Clearwater | 33765 | 0.21 | 2,903 | 4/4/2019 | $250,000 | $86.12 |
| 100 N West Shore Blvd | Tampa | 33609 | 1.97 | 21,520 | 4/4/2019 | $4,300,000 | $199.81 |
| 4422 N Lauber Way | Tampa | 33614 | 0.16 | 660 | 4/5/2019 | $250,000 | $378.79 |
| 16586 N Dale Mabry Hwy | Tampa | 33618 | 0.06 | 2,464 | 4/5/2019 | $450,000 | $182.63 |
| 1335 W Linebaugh Ave | Tampa | 33612 | 0.31 | 2,082 | 4/8/2019 | $346,800 | $166.57 |
| 433 E Tarpon Ave | Tarpon Springs | 34689 | 0.34 | 3,619 | 4/8/2019 | $350,000 | $96.71 |
| 657 W Lumsden Rd A | Brandon | 33511 | 0.42 | 4,016 | 4/8/2019 | $715,000 | $178.04 |
| 3411 Alt 19 | Palm Harbor | 34683 | 0.57 | 5,503 | 4/9/2019 | $880,000 | $159.91 |
| 407 N Parsons Ave 102 A-B | Brandon | 33510 | 0.00 | 2,020 | 4/10/2019 | $206,000 | $101.98 |
| 1300 N Ft Harrison Ave | Clearwater | 33755 | 0.45 | 2,112 | 4/10/2019 | $298,000 | $141.10 |
| 1000 Belcher Rd S #4 | Largo | 33771 | 1.49 | 680 | 4/11/2019 | $84,500 | $124.26 |
| 1845 Sunset Point Rd | Clearwater | 33765 | 0.33 | 2,048 | 4/11/2019 | $292,000 | $142.58 |
| 856 2nd Ave N | St. Petersburg | 33701 | 0.15 | 2,085 | 4/11/2019 | $450,000 | $215.83 |
| 5021 Tangerine Ave S | Gulfport | 33707 | 0.14 | 1,870 | 4/12/2019 | $210,000 | $112.30 |
| 2401 W Kennedy Blvd | Tampa | 33609 | 0.18 | 4,090 | 4/12/2019 | $2,600,000 | $635.70 |
| 5050 Gulf Blvd #A | St. Pete Beach | 33706 | 0.38 | 1,830 | 4/15/2019 | $385,000 | $210.38 |
| 12501 W Linebaugh Ave | Tampa | 33626 | 1.00 | 4,940 | 4/18/2019 | $1,300,000 | $263.16 |
| 603 E Jackson St | Tampa | 33602 | 0.12 | 3,456 | 4/19/2019 | $965,000 | $279.22 |
| 6580 72nd Ave N | Pinellas Park | 33781 | 0.37 | 3,884 | 4/24/2019 | $540,000 | $139.03 |
| 611 Druid Rd E #402 | Clearwater | 33756 | 0.96 | 1,880 | 4/25/2019 | $140,000 | $74.47 |
| 3935 Tampa Rd #3 | Oldsmar | 34677 | 2.39 | 1,500 | 4/25/2019 | $240,000 | $160.00 |
| 925 Florida Ave | Palm Harbor | 34683 | 0.14 | 1,796 | 4/25/2019 | $394,500 | $219.65 |
| 604 Druid Rd E | Clearwater | 33756 | 0.70 | 3,691 | 4/25/2019 | $740,000 | $200.49 |
| 7035 Central Ave | St. Petersburg | 33710 | 0.25 | 3,000 | 4/26/2019 | $450,000 | $150.00 |
| 15303 Amberly Dr A | Tampa | 33647 | 0.08 | 2,541 | 4/26/2019 | $560,000 | $220.39 |
| 4705 Alt 19 N | Palm Harbor | 34683 | 1.95 | 12,620 | 4/26/2019 | $1,955,000 | $154.91 |
| 2719 1st Ave N | St. Petersburg | 33713 | 0.26 | 1,648 | 4/29/2019 | $545,000 | $330.70 |
| 611 Druid Rd E #704 | Clearwater | 33756 | 1.14 | 975 | 4/30/2019 | $82,500 | $84.62 |
| 611 Druid Rd E #408 | Clearwater | 33756 | 0.96 | 1,895 | 4/30/2019 | $147,800 | $77.99 |
| 9225 Ulmerton Rd #J | Largo | 33771 | 0.08 | 3,126 | 4/30/2019 | $234,500 | $75.02 |
| 4600 N Habana Ave 35 | Tampa | 33614 | 0.23 | 1,560 | 4/30/2019 | $334,500 | $214.42 |
| 4600 N Habana Ave 8 | Tampa | 33614 | 0.68 | 4,680 | 4/30/2019 | $337,500 | $72.12 |
| 4600 N Habana Ave 28 | Tampa | 33614 | 0.22 | 1,560 | 4/30/2019 | $348,857 | $223.63 |
| 4600 N Habana Ave 33 | Tampa | 33614 | 0.23 | 1,755 | 4/30/2019 | $351,800 | $200.46 |
| 120 1st Ave SW | Largo | 33770 | 0.21 | 3,422 | 4/30/2019 | $680,000 | $198.71 |
| 3906 Tampa Rd | Oldsmar | 34677 | 0.59 | 5,345 | 4/30/2019 | $600,000 | $112.25 |
| 104 S Bayview Blvd | Oldsmar | 34677 | 0.50 | 5,785 | 4/30/2019 | $600,000 | $103.72 |
| Total of 44 Listed Transactions | 165,174 | $28,866,157 | |||||
Putting the Results in Context
The largest entry combined two buildings. Other entries include individual commercial units, so building size and transaction scope should be considered before comparing prices.
The original log reports a $194,900 sale for 16,434 square feet at 311 W Fletcher Avenue, or $11.86 per square foot. That unusually low figure requires verification of the sale circumstances and property interest before use as a comparable.
The original introduction reported an average price per square foot of $174.76. Recalculating the arithmetic average of the 44 displayed prices per square foot produces $181.39, which is used here.
Source: John Milsaps’s original April 2019 office sales compilation for Hillsborough and Pinellas counties. Pasco County data was unavailable at preparation. Totals and averages above are calculated from the 44 supplied entries. Addresses, property details, and individual prices per square foot are reproduced as originally reported; individual records have not been independently reverified. Zero acreage entries do not establish that a property has no associated land.
Discuss Your Office Property’s Value
Considering selling an office or medical office property in Hillsborough, Pinellas, or Pasco County? Learn more about selling commercial office space, or contact John Milsaps to discuss relevant sales and your property’s position in the market.