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    5802 N Occident St Tampa, FL 33614

    View on Map
    Sponsored
    For Sale
    $2,250,000

    Business - TAMPA, FL

    Type:Business
    Property size:
    6,780 SF
    Lot size:
    1.88 Acres
    Days on Market:
    30
    Last Refresh:
    Mar 27 at 2:06 am

    Property Features for 5802 N Occident St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Security features
    Fire Alarm, Security System, Security System Owned, Smoke Detector(s)
    Zoning
    SPI-AP-3
    APN
    U-32-28-18-ZZZ-000001-03230.0
    Appliances
    Microwave, Refrigerator
    Size
    6,780 SF
    Lot size
    1.88 Acres

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    1980
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Frame, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Rhett Pennington

    Capital Realty Investment Group

    Listing agent Rhett Pennington License #3215635

    Listing date Feb 25, 2026

    MLS# TB8466143 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Tampa Engineering Service Company Business

    This offering features a 50-year-old geotechnical engineering and construction materials testing firm, established in 1976, with a long-standing presence in the Tampa Bay and greater Florida markets. The firm and the real estate are being sold separately or as a package. The business has cultivated a loyal client base over five decades, with client relationships spanning more than 30 years, including Busch Gardens / SeaWorld, Pennoni / Mills & Associates, Mobley Homes, Pioneer Homes, Summit View LLC, Regency Design & Engineering, Deeb Construction, and numerous other contractors, developers, engineers, and repeat commercial clients. Client retention has been a core focus, with a significant portion of new work coming from repeat business and word-of-mouth referrals. The firm provides geotechnical engineering, subsurface exploration, and construction materials testing services for a wide range of project types, including residential, commercial, industrial, and infrastructure developments. The firm's familiarity with Florida soil conditions, groundwater behavior, and regional permitting requirements allows it to deliver recommendations that are technically sound, constructible, and cost-effective. The engineering company represents an opportunity to acquire a reputable engineering firm with long-term, transferable client relationships and a proven ability to perform through economic and market disruptions. The property is located in Tampa, FL, with a lot size of 1.88 acres and a building size of 6780 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BTL Engineering Services Engineering Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5246826
    Latitude
    28.0003778

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    FAQs

    What type of property is this?
    Specialty property - 50-year-old geotechnical engineering and construction materials testing firm for sale.
    Where is this specialty property located?
    The property is located at 5802 N Occident St Tampa, FL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Established 50-year-old geotechnical engineering and construction materials testing firm with a strong presence in the Tampa Bay and greater Florida markets.; - Deep, loyal client base with many relationships spanning over 30 years, including notable clients like Busch Gardens/SeaWorld and Pennoni/Mills & Associates.; - Strong reputation for honest engineering, straightforward recommendations, and ethical practices, leading to repeat business and word-of-mouth referrals.
    (813) 625-6900
    Request Owner's contact information
    5802 N Occident St Tampa, FL 33614
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    Tampa, FL 33614
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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
    5802 N Occident St Tampa, FL 33614
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    Listing Contact
    Rhett Pennington
    Real Estate License ID: 3215635
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