Freestanding Professional Office
For Sale
$1,490,000
5813 and 5815 S MACDILL Avenue, Tampa, FL 33611
Commercial Sale, TAMPA, FL
Property Size3,522 SF
Lot Size0.26 Acres
Price / SF$423.06
Days on Market60
Property Features for 5813 and 5815 S MACDILL Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Security features
Security System
Window features
Blinds, Double Pane Windows
Subdivision
DANIELS A D RESUB OF LT 16 BL
Lot features
Corner Lot, Curb and Gutters, City Limits, Landscaped, Near Public Transit, Oversized Lot, Retention Areas, Street Lights, Paved
Directions
McDill South from Gandy, 1/2 mile to property on right (W) side of street or McDill North from Interbay 1/4 mile to property on left (W) side of street.
Standard status
Active
APN
A-10-30-18-3ZZ-000000-00002.0
Size
3,522 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DANIELS A D RESUB OF LOT 16 BLOCK 5 SWASTIKA LOTS 2 AND 3
Tax Annual Amount
15831
Legal Description
DANIELS A D RESUB OF LOT 16 BLOCK 5 SWASTIKA LOTS 2 AND 3
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(813) 839-3800
Listed By:
Kevin Platt · License #512251
(813) 361-5878
Added: Jul 7
Changed: Sep 2
Last Checked: Sep 4 at 12:06PM
MLS# TB8526549
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 property comprises two freestanding professional office buildings at 5813 and 5815 S MacDill Avenue, with a combined 3,522 square feet. Built in 2006, the block-and-stucco buildings offer efficient layouts with six offices, two restrooms, and a break area in each building. Interior finishes include carpet and ceramic tile, with central heating and central air. A shingle roof was installed in 2025.
The 0.26-acre site includes on-site parking, and the lot was recently resurfaced. The property is located in South Tampa along MacDill Avenue and is designated PD. Public water and public sewer serve the site, while phone service is available. The buildings are subject to short-term leases, allowing for potential owner occupancy.
The 0.26-acre site includes on-site parking, and the lot was recently resurfaced. The property is located in South Tampa along MacDill Avenue and is designated PD. Public water and public sewer serve the site, while phone service is available. The buildings are subject to short-term leases, allowing for potential owner occupancy.
Key Highlights
- Two freestanding office buildings totaling 3,522 square feet
- Six offices, two restrooms, and a break area in each building
- Block and stucco construction with a new shingle roof in 2025
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
$47,864
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
3.21%
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%
$957,280
$957.3K
Cap Rate 7%
$683,771
$683.8K
Cap Rate 9%
$531,822
$531.8K
Market Conditions
NOI Build-Up for 3,522 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
$84.5K $24.00/SF
− Vacancy
−$20.7K −$5.88/SF
EGI
$63.8K $18.12/SF
− OpEx
−$16.0K −$4.53/SF
NOI
$47.9K $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%
$957,280
Cap Rate 7%
$683,771
Cap Rate 9%
$531,822
Alternative Uses
Best Use
Office B
$683.8K
$598.3K – $797.7K
NOI $47,864 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$820.5K
$718.0K – $957.3K
NOI $57,437 @ 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
442
Businesses Nearby
Explore this area
Business Placement
Demographics for 33611, FL
34,101
Population
18,682
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
5,413
Density / Sq Mi
$82,804
Median Household Income
$63,797
Median Earnings
$1,681
Median Rent
$449,200
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 - Efficient layouts support private offices, restrooms, break areas, and potential owner occupancy.
Where is this office building located?
The property is located at 5813 and 5815 S MACDILL Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Two freestanding office buildings totaling 3,522 square feet; Six offices, two restrooms, and a break area in each building; Block and stucco construction with a new shingle roof in 2025
