For Sale
$1,275,000
3901 W PLATT Street W, Tampa, FL 33609
Commercial Sale, TAMPA, FL
Property Size3,012 SF
Lot Size0.20 Acres
Price / SF$423.31
Days on Market39
Property Features for 3901 W PLATT Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RS-60
Appliances
Dishwasher, Microwave, Refrigerator
Subdivision
AZEELE PARK
Lot features
Corner Lot, City Limits, Near Public Transit, Neighbourhood, Sidewalk, Paved
Directions
From I-275, take Exit 42 for Armenia Ave and head south. Turn right onto W Platt St and continue to 3901 W Platt St. The property will be on the right.
Standard status
Active
APN
A-21-29-18-3MF-000001-00019.0
Size
3,012 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AZEELE PARK E 10 FT OF LOT 19 AND LOT 20 BLOCK 1
Tax Annual Amount
13434
Legal Description
AZEELE PARK E 10 FT OF LOT 19 AND LOT 20 BLOCK 1
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Block, Stucco, Frame, Wood Siding
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
KELLER WILLIAMS TAMPA PROPERTIES · Keller Williams Realty
(813) 264-7754
Listed By:
Coach Cook · License #3093667
(813) 319-6461
Added: Jul 27
Changed: Sep 1
Last Checked: Sep 3 at 5:06AM
MLS# TB8534427
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.
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
$43,893
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
3.44%
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%
$877,860
$877.9K
Cap Rate 7%
$627,043
$627.0K
Cap Rate 9%
$487,700
$487.7K
Market Conditions
NOI Build-Up for 3,012 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
$79.5K $26.40/SF
− Vacancy
−$6.4K −$2.11/SF
EGI
$73.2K $24.29/SF
− OpEx
−$29.3K −$9.72/SF
NOI
$43.9K $14.57/SF
Area
Tampa, FL
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$877,860
Cap Rate 7%
$627,043
Cap Rate 9%
$487,700
Alternative Uses
Best Use
Healthcare Medical
$627.0K
$548.7K – $731.6K
NOI $43,893 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$467.0K
$408.6K – $544.8K
NOI $32,688 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$701.7K
$614.0K – $818.7K
NOI $49,120 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,257
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Best Years Senior Care, Inc. — 1002B S Church Ave #10183, Tampa, FL 33679
- Parx Home Health Care in Florida — 4100 W Kennedy Blvd Suite 328, Tampa, FL 33609
- BAYADA Adult Nursing — 4100 W Kennedy Blvd Suite 128, Tampa, FL 33609
- LifePath Hospice Administrative Office — 4200 W Cypress St Suite 690, Tampa, FL 33607
- The Circle of Love Center — 4200 W Cypress St Suite 100, Tampa, FL 33607
Frequently Asked Questions
Where is this assisted living facility located?
The property is located at 3901 W PLATT Street W Tampa, FL.
What is the asking price?
The asking price for this property is $1,275,000.
