Office Property on 1.88
For Sale
$1,200,000
5802 N OCCIDENT Street, Tampa, FL 33614
COMMERCIAL - TAMPA, FL
Property Size6,780 SF
Lot Size1.88 Acres
Price / SF$176.99
Days on Market194
Property Features for 5802 N OCCIDENT Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SPI-AP-3
Security features
Security System
Window features
Aluminum Frames
Appliances
Microwave, Refrigerator
Subdivision
UNPLATTED
Lot features
All Weather Parking Areas, Buildable, Drainage Canal, Landscaped
Directions
See Realtor Remarks.
Standard status
Active
APN
U-32-28-18-ZZZ-000001-03230.0
Size
6,780 SF
Lot size
1.88 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S 260 FT OF W 380 FT OF N 3/4 OF E 1/2 OF SEC 32 LESS S 30 FT FOR DRAINAGE R/W
Tax Annual Amount
11183
Legal Description
S 260 FT OF W 380 FT OF N 3/4 OF E 1/2 OF SEC 32 LESS S 30 FT FOR DRAINAGE R/W
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Building Details
Year built
1980
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Metal Frame, Metal Siding
Roof type
Metal
Listing Agency:
CAPITAL REALTY INVESTMENT GRP
(813) 625-6900
Listed By:
Rhett Pennington · License #3215635
(813) 625-6900
Added: Jan 28
Changed: Aug 4
Last Checked: Aug 10 at 2:06PM
MLS# TB8466143
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.
For sale is an office property with 6,780 square feet of space on a 1.88-acre lot, zoned SPI-AP-3. The offering is structured with flexibility: the real estate and a related engineering business are being sold separately or as a package due to owner retirement.
The property is located in Tampa, Florida (Hillsborough County). The engineering firm’s financial information is available upon request under a non-disclosure agreement for interested parties.
Inquiries for the real estate listing (TB8462326) can be coordinated directly, including discussions on whether to purchase the property alone or as part of the combined package with the business listing (TB8466143).
The property is located in Tampa, Florida (Hillsborough County). The engineering firm’s financial information is available upon request under a non-disclosure agreement for interested parties.
Inquiries for the real estate listing (TB8462326) can be coordinated directly, including discussions on whether to purchase the property alone or as part of the combined package with the business listing (TB8466143).
Key Highlights
- Year built 1980; metal frame construction with metal siding and a metal roof
- Central and electric (heating) plus vinyl flooring
- Utilities include phone available; served by public sewer
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
$45,753
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
3.81%
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%
$915,060
$915.1K
Cap Rate 7%
$653,614
$653.6K
Cap Rate 9%
$508,367
$508.4K
Market Conditions
NOI Build-Up for 6,780 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
$74.9K $11.04/SF
− Vacancy
−$13.8K −$2.04/SF
EGI
$61.0K $9.00/SF
− OpEx
−$15.3K −$2.25/SF
NOI
$45.8K $6.75/SF
Area
ZIP 33614
Vacancy
18.50%
Lease Rate
$11.04 /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%
$915,060
Cap Rate 7%
$653,614
Cap Rate 9%
$508,367
Alternative Uses
Best Use
Office B
$653.6K
$571.9K – $762.6K
NOI $45,753 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.13M
$989.2K – $1.32M
NOI $79,139 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,504
Businesses Nearby
Explore this area
Business Placement
Demographics for 33614, FL
47,695
Population
19,660
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
4,917
Density / Sq Mi
$51,143
Median Household Income
$31,350
Median Earnings
$1,399
Median Rent
$295,700
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - For sale office property with 6,780 SF on 1.88 acres, zoned SPI-AP-3, with potential sale separately or as a package.
Where is this office building located?
The property is located at 5802 N OCCIDENT Street Tampa, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Year built 1980; metal frame construction with metal siding and a metal roof; Central and electric (heating) plus vinyl flooring; Utilities include phone available; served by public sewer
