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    Historic Assembly Building in Tampa Title is generated by Realmo AI

    953 E 11TH AVENUE, Tampa, FL 33605

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    Pending
    $1,100,000

    Assembly Building - TAMPA, FL

    Property size:
    5,040 SF
    Lot size:
    0.45 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    298
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 953 E 11TH AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    YC-2
    Exterior features
    Paved
    Standard status
    Pending
    APN
    A-18-29-19-51M-000002-00001.0
    Size
    5,040 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    792.56

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1939
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Smith Desir

    Listing agent Smith Desir License #3190020

    Listing office PEOPLE'S CHOICE REALTY SVC LLC 4014 Gunn Hwy, Suite 243, Tampa, FL

    Listing date Aug 11, 2025

    MLS# TB8416418 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.

    HighLights

    • Spacious 5,040 sq ft building on 0.45 acres in historic Ybor City.
    • Zoned for flexible use, this property is suitable for redevelopment as an event space, cultural center, or mixed‑use property.
    • Prime location near Hillsborough Community College (Ybor campus) and the University of Tampa.
    • Ample parking with capacity for 19‑30 vehicles.
    • Well‑maintained building features central air conditioning, block exterior, and shingle roof.
    • Built in 1939, offering a unique opportunity to own a piece of Tampa's history.

    Overview

    Located at 953 E 11th Avenue in Tampa, FL, this assembly building, constructed in 1939, provides 5,040 square feet of space on a 0.45-acre lot. The two-story structure includes four bathrooms and central air conditioning. Built on a slab foundation with crawlspace, the property features a block exterior and shingle roof. Public utilities are available. Parking is available for 19 to 30 vehicles. The property is located near Hillsborough Community College's Ybor campus and the University of Tampa. Zoned for flexibility in a historic district, the property could be transformed into a boutique event space, cultural center, or mixed-use development. The location benefits from Ybor's ongoing revival, including breweries, galleries, and festivals. The property is suitable for community organizations, event venues, or creative redevelopment.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $90.7k $18.00
    − Vacancy −$5.0k −$0.99
    EGI $85.7k $17.01
    − OpEx −$25.7k −$5.10
    NOI $60.0k $11.91
    5,040 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $857.3K
    $750.1K – $1.00M (±1% cap)
    NOI $60,011 @ 7.0% cap · market cap 5.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.17M
    $1.03M – $1.37M (±1% cap)
    NOI $82,192 @ 7.0% cap · market cap 7.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    University Haitian Baptist ... Church University Haitian Baptist ... Food Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.447718
    Latitude
    27.963027

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    FAQs

    What type of property is this?
    Church & religious facility - Versatile 5,040 SF assembly building on 0.45-acre lot.
    Where is this church & religious facility located?
    The property is located at 953 E 11TH AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Spacious 5,040 sq ft building on 0.45 acres in historic Ybor City.; Zoned for flexible use, this property is suitable for redevelopment as an event space, cultural center, or mixed‑use property.; Prime location near Hillsborough Community College (Ybor campus) and the University of Tampa.
    (813) 841-9930
    We can help!
    Listing Contact
    Smith Desir
    Real Estate License ID: 3190020
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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
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