Commercial real estate services in Tampa, FL

Broker opinion of value (BOV) for commercial property in Tampa, FL

A broker opinion of value (BOV) is a licensed real estate professional's written estimate of what a commercial property in Tampa could sell or lease for, based on the property itself, comparable sales and leases, and current market conditions. Owners use one before deciding whether to sell, refinance, lease or hold.

A BOV is not an appraisal. Florida law says a broker's price opinion or opinion of value may not be "construed as an appraisal." If you need a formal valuation, for example for a loan, ask whether an appraisal is required. A BOV is a practical first look before you decide on a next step.

• Address, size and use of the property
• Current leases or rent roll, if it is leased
• Recent capital work and known repairs
• What decision the BOV should help you make

Commercial leasing in Tampa, FL: office, retail and industrial space

Commercial leasing in Tampa covers office, retail, industrial and flex space, and the work is different depending on which side of the lease you are on. Tenants need the right space on terms they can live with; owners need the right tenant on terms that protect the building's value.

Start by saying which side you are on and what you need: size, location, timing and budget for a tenant; vacancy, asking terms and the ideal tenant for an owner. Tenant representation and landlord representation below explain each side.

Investment sales: commercial property for sale in Tampa, FL

Investment sales means buying or selling income-producing commercial property in Tampa and the surrounding Tampa Bay area: retail centers, office buildings, industrial property, land and mixed-use assets.

For a seller, the work runs from pricing and preparing the property through marketing, qualifying buyers, negotiating and closing. For a buyer, it runs from defining what to buy through finding and underwriting candidates, negotiating and closing. Either way it starts with the numbers: what the property earns, what it costs to own, and what it should be worth.

• Rent roll and leases
• Operating statements for recent years
• Property condition and capital history
• Your timeline and goals for the sale or purchase

Tenant representation: a commercial leasing agent on the tenant's side in Tampa

Tenant representation means an advisor works for you, the business looking for space in Tampa, rather than for the landlord. The job is to define what you need, search the market for it, compare the options side by side, and negotiate the lease terms.

Bring your headcount or space needs, preferred areas, budget, timing and any requirements such as parking, loading, signage or zoning for your use. The more specific the brief, the shorter the search.

Landlord representation: leasing your Tampa commercial building

Landlord representation means an advisor works for you, the owner, to lease your Tampa building: setting asking terms, marketing the space, qualifying prospective tenants and negotiating leases that protect the property's value.

Bring the property details, the space available, current leases, the terms you want and the kind of tenant that fits the building.

Commercial real estate development and land in Tampa, FL

Development services cover the real estate side of building something new in or around Tampa: finding land that fits the use, checking it against zoning and access, and buying, leasing or selling development sites.

Development decisions also need engineers, attorneys and the local planning department. A real estate advisor's part is the site: where it is, what it can likely be used for, what comparable land trades for, and how to negotiate for it.

• The use and size you have in mind
• Areas you are considering
• Your budget and timeline
• Any sites you are already looking at

1031 exchange property in Tampa, FL

The IRS describes a like-kind exchange as exchanging "real property used for business or held as an investment solely for other business or investment property that is the same type or" like-kind, and says that generally "if you make a like-kind exchange, you are not required to recognize a gain or loss" under Section 1031, subject to its rules. The real estate side is finding, evaluating and closing on replacement property in Tampa or elsewhere.

This is not tax or legal advice. Before you sell, talk to your tax adviser and an exchange intermediary about whether your sale qualifies and what timeline applies. The IRS guidance is linked in the sources below.

• The property you are selling and its expected closing date
• Your qualified intermediary's contact
• What you want the replacement property to do: income, location, management