Two-Story Office
For Sale
$1,297,000
311 S BREVARD Avenue, Tampa, FL 33606
Commercial Sale, TAMPA, FL
Property Size3,378 SF
Lot Size0.14 Acres
Price / SF$383.96
Days on Market47
Property Features for 311 S BREVARD Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RO-1
Window features
Aluminum Frames
Appliances
Refrigerator
Subdivision
WASHINGTONS
Lot features
Historic District, City Limits, Sidewalk, Street Lights
Directions
From South Blvd and Platt. East on Platt two streets to Brevard, Right on Brevard to address
Standard status
Active
APN
A-24-29-18-4ZV-000004-00011.0
Size
3,378 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WASHINGTON'S LOT 11 BLOCK 4
Tax Annual Amount
14081
Legal Description
WASHINGTON'S LOT 11 BLOCK 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1898
Floors in Building
2
Flooring type
Hardwood, Carpet
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Harvey Petty · License #3223662
(813) 390-4038
Added: Jul 15
Changed: Aug 24
Last Checked: Aug 30 at 8:06AM
MLS# TB8527701
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,378-square-foot office building dates to 1898 and is arranged as two independently configured office spaces across two levels. The first floor includes a foyer, four offices, a smaller office, break area, restroom, 11-foot ceilings, hardwood flooring, period moldings, and three decorative fireplace mantels. The second floor adds three offices, a conference room, waiting or administrative area, breakroom, restroom, and 10-foot ceilings. An air-conditioned attic provides additional storage outside the heated building area.
Each office level has its own electrical meter and AC system. The property includes vinyl siding, frame construction, central heating, central air, public water, public sewer, and shingle roofing. Parking accommodates 3 vehicles at the front and another 4 to 5 spaces at the rear via the Platt Street alley, with additional street parking. The office is near Downtown, Water Street, Selmon Expy, and Bayshore Boulevard in Tampa’s Hyde Park office district.
Each office level has its own electrical meter and AC system. The property includes vinyl siding, frame construction, central heating, central air, public water, public sewer, and shingle roofing. Parking accommodates 3 vehicles at the front and another 4 to 5 spaces at the rear via the Platt Street alley, with additional street parking. The office is near Downtown, Water Street, Selmon Expy, and Bayshore Boulevard in Tampa’s Hyde Park office district.
Key Highlights
- 3,378‑square‑foot office building on a 0.14‑acre lot
- Two separate office spaces, each with its own electrical meter and AC system
- First floor features four large offices, 11‑foot ceilings, hardwood floors, and three decorative fireplace mantels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,907
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$918,140
$918.1K
Cap Rate 7%
$655,814
$655.8K
Cap Rate 9%
$510,078
$510.1K
Market Conditions
NOI Build-Up for 3,378 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.1K $24.00/SF
− Vacancy
−$19.9K −$5.88/SF
EGI
$61.2K $18.12/SF
− OpEx
−$15.3K −$4.53/SF
NOI
$45.9K $13.59/SF
Area
Tampa, FL
Vacancy
24.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$918,140
Cap Rate 7%
$655,814
Cap Rate 9%
$510,078
Alternative Uses
Best Use
Office B
$655.8K
$573.8K – $765.1K
NOI $45,907 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.0K
$688.6K – $918.1K
NOI $55,088 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
2
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 33606, FL
22,271
Population
10,918
Households
2
Avg Household Size
30
Median Age
77%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
6,749
Density / Sq Mi
$113,634
Median Household Income
$46,311
Median Earnings
$1,931
Median Rent
$796,000
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Separate office suites offer independent electrical meters and central air-conditioning systems within a historic frame building.
Where is this office building located?
The property is located at 311 S BREVARD Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,297,000.
What are key features of this property?
This property features: 3,378‑square‑foot office building on a 0.14‑acre lot; Two separate office spaces, each with its own electrical meter and AC system; First floor features four large offices, 11‑foot ceilings, hardwood floors, and three decorative fireplace mantels
