How do I find out what my Tampa warehouse is worth?

A broker opinion of value (BOV) from a commercial broker who tracks closed industrial sales. Soho Property Group provides written BOVs at no cost.

What cap rates do Tampa industrial buildings sell at?

Cap rates vary by building quality, tenancy, and location. A current BOV applies rates from recently closed comparable sales rather than published averages.

Do owner-users pay more than investors for warehouses?

Often yes. Owner-users price operational utility, not just income, which is why marketing a building to both buyer pools matters.

What Is My Tampa Warehouse Worth in 2027?

If you own a warehouse, flex building, or small-bay industrial property in Tampa Bay, you’ve probably watched values climb for a decade and wondered what your building would bring today. The honest answer: it depends on three numbers — your income, your market’s cap rate, and what a specific buyer can do with your square footage.

How Buyers Actually Price a Tampa Warehouse

Investors value industrial property primarily on net operating income (NOI) divided by a capitalization rate. Owner-users — businesses buying a building to occupy — price per square foot against comparable sales, and they often pay more than investors because the building solves an operational problem, not a spreadsheet problem. A competitive sale process puts both buyer types in the room.

What Moves Your Number Up or Down

Clear height (18’+ commands a premium), dock-high vs. grade-level loading, power capacity, truck court depth, remaining lease term if tenanted, and — increasingly in Florida — roof age and insurability. A 15-year-old roof can cost you more in buyer negotiations than it would cost to replace, because the buyer’s insurance quote prices the risk in immediately.

Why “Zestimate Thinking” Fails for Industrial

There’s no public algorithm for commercial. Two identical-looking buildings a mile apart can differ 30% in value based on zoning, truck access, and tenancy. The only reliable number comes from someone who tracks what actually closed — which deals, at what price per foot, with what terms.

What a Broker Opinion of Value Includes

At Soho Property Group, a BOV reviews your rent roll (if leased), replacement cost, at least three closed comparable sales, current active competition, and a recommended pricing strategy — on-market or quiet off-market sale. It’s written, it’s specific, and it’s free. Request a free valuation.

Own industrial elsewhere in the Bay area? See how we work with industrial and flex owners, or if you’re weighing a sale against trading into another asset, read about 1031 exchanges.

Clayton Kuhn is a licensed Florida real estate broker (BK3489497) and the founder of Soho Property Group. Soho Property Group provides real estate brokerage services, not legal advice.