Retail Showroom with Fenced
For Sale
$1,150,000
4408 & 4412 N NEBRASKA Avenue, Tampa, FL 33603
SINGLE_FAMILY - TAMPA, FL
Property Size3,816 SF
Lot Size0.23 Acres
Price / SF$301.36
Days on Market868
Property Features for 4408 & 4412 N NEBRASKA Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
SH-CG
Subdivision
MARIETTA
Directions
US-92 E/E Hillsborough Ave (signs for US-41 S) tern R onto Nebraska Ave to address.
Standard status
Active
APN
A-01-29-18-4GR-000002-00002.0
Size
3,816 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
MARIETTA LOT 2 BLOCK 2 and MARIETTA LOT 3 BLOCK 2
Tax Annual Amount
5289
Legal Description
MARIETTA LOT 2 BLOCK 2 and MARIETTA LOT 3 BLOCK 2
Utilities
Cooling system
Central Air
Building Details
Year built
1925
Floors in Building
1
Building materials
Brick
Listing Agency:
FLORIDA COMMERCIAL GROUP
(813) 935-9600
Listed By:
Chae Maugel · License #3078433
(813) 935-9600
Added: Apr 1, 2024
Changed: Jul 20
Last Checked: Aug 16 at 3:06PM
MLS# T3515565
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.
Investment Insights
Based on property information with market context.
This retail building is configured as a large open showroom with two offices plus a kitchen and restroom. The property also includes lots of windows, a fully fenced rear yard, and a roof that was painted in 2023.
The building is located on N Nebraska Avenue, where traffic is described as busy throughout the day. The site is zoned SH-CG (general commercial) and features approximately 145' of frontage.
Parking is supported by roughly 14–16 surface spaces, with additional grassed area parking described under a large tree up to 20 total spaces. The offering references two folio numbers covering the building and the vacant lot.
The building is located on N Nebraska Avenue, where traffic is described as busy throughout the day. The site is zoned SH-CG (general commercial) and features approximately 145' of frontage.
Parking is supported by roughly 14–16 surface spaces, with additional grassed area parking described under a large tree up to 20 total spaces. The offering references two folio numbers covering the building and the vacant lot.
Key Highlights
- Retail building on 0.45 acres in CG (General Commercial) with 5,385 SF and 145' frontage on Nebraska Avenue
- Busy frontage on Nebraska Avenue with reported 14–16 surface parking spaces plus additional parking area under a large tree (up to 20 total)
- 1925 construction with brick exterior and central air
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
$45,437
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
3.95%
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%
$908,740
$908.7K
Cap Rate 7%
$649,100
$649.1K
Cap Rate 9%
$504,856
$504.9K
Market Conditions
NOI Build-Up for 3,816 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
$68.7K $18.00/SF
− Vacancy
−$3.8K −$0.99/SF
EGI
$64.9K $17.01/SF
− OpEx
−$19.5K −$5.10/SF
NOI
$45.4K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$908,740
Cap Rate 7%
$649,100
Cap Rate 9%
$504,856
Alternative Uses
Best Use
Retail
$649.1K
$568.0K – $757.3K
NOI $45,437 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$889.0K
$777.9K – $1.04M
NOI $62,231 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 26%
Groceries 24%
Electronics 1%
McDonald's
Dining
23,106 visits/mo
0.3 miles
Winn-Dixie
Groceries
21,462 visits/mo
0.3 miles
7-Eleven
Shops & Services
19,402 visits/mo
0.2 miles
Chevron
Shops & Services
7,641 visits/mo
0.3 miles
BP
Shops & Services
7,014 visits/mo
0.3 miles
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail showroom offers a large open layout, two offices, and a fenced rear yard with surface parking and strong frontage.
Where is this retail space located?
The property is located at 4408 & 4412 N NEBRASKA Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Retail building on 0.45 acres in CG (General Commercial) with 5,385 SF and 145' frontage on Nebraska Avenue; Busy frontage on Nebraska Avenue with reported 14–16 surface parking spaces plus additional parking area under a large tree (up to 20 total); 1925 construction with brick exterior and central air
