Commercial Building on Nebraska
For Sale
Contact for pricing
10015 N Nebraska Ave, Tampa, FL 33612
5,984 SF commercial building on 0.76-acre corner parcel.
Property Size5,984 SF
Lot Size0.76 Acres
Price / SF$275.74
Days on Market226
Property Features for 10015 N Nebraska Ave
General Information
Standard status
Active
Size
5,984 SF
Lot size
0.76 Acres
Property subtype
Office, Retail
Zoning
CI
Building Details
Year Built
1999
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Listing Agency:
Nationwide Realty Solutions LLC
Listed By:
Mohanad Rifaie · License #SL3590829
Source:
Crexi
Added: Jan 9
Changed: Aug 8
Last Checked: Aug 8 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nationwide Realty Solutions LLC
Investment Insights
Based on property information with market context.
This freestanding 5,984 SF commercial building is situated on an oversized approximately 0.76-acre corner parcel along Nebraska Avenue. Zoned CI (Commercial Intensive), the property supports a broad range of owner-occupied commercial and service uses. The site offers strong visibility and access, with a functional building layout suitable for a single user or partial occupancy. A large rear yard behind the dumpster enclosure provides added flexibility for parking, secured outdoor storage, fleet vehicles, or operational needs, subject to zoning and approvals. It is ideal for an owner-user seeking to establish a long-term presence in a high-traffic corridor, with the ability to occupy the entire building or retain future flexibility as business needs evolve. The property is conveniently located near I-275, Busch Blvd, Fowler Ave, and the USF / Moffitt / VA medical corridor, with strong surrounding commercial activity.
Key Highlights
- High‑traffic location on Nebraska Avenue with strong visibility and access.
- Large ±0.76‑acre corner parcel zoned CI (Commercial Intensive) supporting diverse commercial uses.
- Spacious 5,984 SF freestanding building** suitable for single or partial occupancy.
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
$73,190
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
4.44%
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%
$1,463,800
$1.5M
Cap Rate 7%
$1,045,571
$1.0M
Cap Rate 9%
$813,222
$813.2K
Market Conditions
NOI Build-Up for 5,984 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
$129.3K $21.60/SF
− Vacancy
−$31.7K −$5.29/SF
EGI
$97.6K $16.31/SF
− OpEx
−$24.4K −$4.08/SF
NOI
$73.2K $12.23/SF
Area
ZIP 33612
Vacancy
24.50%
Lease Rate
$21.60 /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%
$1,463,800
Cap Rate 7%
$1,045,571
Cap Rate 9%
$813,222
Alternative Uses
Best Use
Office B
$1.05M
$914.9K – $1.22M
NOI $73,190 @ 7.0% cap · market cap 4.44%
Second Best
Retail
$1.02M
$890.6K – $1.19M
NOI $71,251 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,418 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
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.
Similar Off Market Nearby
- Margarita's Florist — 10401 N Nebraska Ave, Tampa, FL 33612
Frequently Asked Questions
What type of property is this?
Storefront property - 5,984 SF commercial building on 0.76-acre corner parcel.
Where is this storefront property located?
The property is located at 10015 N Nebraska Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑traffic location on Nebraska Avenue with **strong visibility and access**.; Large ±0.76‑acre corner parcel zoned CI (Commercial Intensive) supporting diverse commercial uses.; Spacious 5,984 SF freestanding building** suitable for single or partial occupancy.
