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    1506 N 15Th St Tampa, FL 33605

    Sponsored
    For Lease
    $3,500 /Mo ($51 SF/Yr)

    Mixed Use - TAMPA, FL

    Type:Mixed Use
    Property size:
    820 SF
    Lot size:
    0.06 Acres
    Days on Market:
    211
    Last Refresh:
    Feb 11 at 7:06 pm

    Property Features for 1506 N 15Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    YC-6
    APN
    A-18-29-19-4WI-000037-00013.1
    Size
    820 SF
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1918
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Tina Eloian
    Tina Eloian

    FLORIDA COMMERCIAL GROUP (813) 935-9600

    Listing agent Tina Marie Eloian (813) 935-9600 License #653748

    Listing date Jul 16, 2025

    MLS# T3496661 Listing URL

    Copyright © 2026 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Ybor City Casita

    This free-standing, single-story, wood-frame casita is available for lease in historic Ybor City. Constructed in 1918, this bungalow features a 3-bedroom, 1-bathroom layout with approximately 820 square feet of leasable space on a 2,800-square-foot lot. The property, zoned YC-6, is approved for commercial use but may also be occupied as a residence. Old World Style renovations include restored hardwood and ceramic tile floors, new interior and exterior paint, and restored front and rear porches. The property has frontage directly on N. 15th Street. It is located immediately south of the intersection of 7th Avenue and 15th Street, near the heart of Ybor’s Historic District, with new development and restoration visible in all directions. The location provides a quick commute to Downtown Tampa, Centro Ybor, and the Channel District, and is approximately 5 minutes from Downtown Tampa and 15 minutes from Tampa International Airport. It is 1 mile to Interstate 275 South (at 22nd Street) and 0.4 miles west of the 22nd Street on-ramp to the Selmon Expressway. Approximately 5,900 vehicles pass daily along E. 7th Ave. / N. 15th St. The area is near thriving residential neighborhoods, commercial commerce, schools, public transportation, and major thoroughfares, with convenient access to N. 22nd Street, Adamo Drive/ SR 60, N. Nebraska Avenue, Interstate 4, Interstate 275 S., and the Selmon Expressway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    center for psychological growthhealthwellbeingeducation Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.44323
    Latitude
    27.958366

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    FAQs

    What type of property is this?
    Mixed-use property - Free-standing, mixed-use casita in historic Ybor City for lease.
    Where is this mixed-use property located?
    The property is located at 1506 N 15Th St Tampa, FL.
    What is the lease rate?
    The lease rate is $51 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Historic Ybor City, near 7th Avenue and 15th Street, with high visibility and frontage on N. 15th Street.; - Zoned YC-6, approved for both commercial and residential use, offering flexible occupancy options.; - Located in a Qualified HubZone, providing potential long-term tax benefits.
    (813) 997-4321
    Request Owner's contact information
    1506 N 15Th St Tampa, FL 33605
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    Tampa, FL 33605
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1506 N 15Th St Tampa, FL 33605
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    We can help!
    Listing Contact
    Tina Eloian
    Tina Eloian
    Real Estate License ID: 653748
    (813) 997-4321
    Learn more
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