Commercial Land with Existing
For Sale
$165,000
Pending
8319 N NEBRASKA Avenue, Tampa, FL 33604
Commercial Sale, TAMPA, FL
Property Size1,006 SF
Lot Size0.13 Acres
Days on Market290
Property Features for 8319 N NEBRASKA Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Subdivision
SULPHUR SPGS ADD
Directions
Nenraska Ave to Juneau property on East side.
Standard status
Pending
APN
A-30-28-19-45M-000019-00006.0
Size
1,006 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SULPHUR SPRINGS ADDITION LOT 6 AND W 5 FT OF CLOSED ALLEY ABUTTING ON E BLOCK 19
Tax Annual Amount
2121
Legal Description
SULPHUR SPRINGS ADDITION LOT 6 AND W 5 FT OF CLOSED ALLEY ABUTTING ON E BLOCK 19
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Building materials
Cement Siding
Listing Agency:
SERRALLES GROUP,INC
(813) 307-0007
Listed By:
Eddie Serralles · License #0225254417
(813) 610-1563
Added: Nov 12, 2025
Changed: Aug 23
Last Checked: Aug 29 at 10:06PM
MLS# TB8447992
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 vacant commercial land parcel includes a 1,006-square-foot building on a 50x111 lot. Constructed in 1947, the structure has cement siding and central air and requires renovation, allowing the improvements to be reworked for a future commercial plan. The property is zoned CI, or Commercial Intensive, and may support establishment or redevelopment consistent with that designation.
Situated on N Nebraska Avenue in Tampa, the property offers access to I-275, downtown Tampa, and surrounding neighborhoods. Public water and public sewer serve the site. Its existing building, compact lot configuration, and commercial zoning provide a basis for an owner-user or redevelopment project.
Situated on N Nebraska Avenue in Tampa, the property offers access to I-275, downtown Tampa, and surrounding neighborhoods. Public water and public sewer serve the site. Its existing building, compact lot configuration, and commercial zoning provide a basis for an owner-user or redevelopment project.
Key Highlights
- CI (Commercial Intensive) zoning
- 1,006 sq. ft. building on a 50x111 lot
- 0.13 acres on N Nebraska Avenue
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
$11,978
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
7.26%
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%
$239,560
$239.6K
Cap Rate 7%
$171,114
$171.1K
Cap Rate 9%
$133,089
$133.1K
Market Conditions
NOI Build-Up for 1,006 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
$18.1K $18.00/SF
− Vacancy
−$996 −$0.99/SF
EGI
$17.1K $17.01/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$12.0K $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%
$239,560
Cap Rate 7%
$171,114
Cap Rate 9%
$133,089
Alternative Uses
Best Use
Retail
$171.1K
$149.7K – $199.6K
NOI $11,978 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.4K
$205.1K – $273.4K
NOI $16,406 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Home Improvements & Furnishings 8%
AutoZone
Shops & Services
13,144 visits/mo
0.5 miles
Dollar General
Shops & Services
6,306 visits/mo
0.5 miles
American Freight Furniture Mattress Appliance
Home Improvements & Furnishings
1,849 visits/mo
0.5 miles
Cash America
Shops & Services
982 visits/mo
0.4 miles
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
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?
Commercial land - CI-zoned Tampa parcel with an existing structure that requires renovation and supports customization for future commercial use.
Where is this commercial land located?
The property is located at 8319 N NEBRASKA Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: CI (Commercial Intensive) zoning; 1,006 sq. ft. building on a 50x111 lot; 0.13 acres on N Nebraska Avenue
