Income-Producing Commercial Office
104 E FOWLER AVENUE Tampa, FL 33612
104 E FOWLER AVENUE, Tampa, FL, 33612
$1,500,000
For Sale
$1,500,000
Turnkey investment opportunity with immediate cash flow from established leases.
Property Size7,160 SF
Price / SF$209.50
Days on Market103
Property Features for 104 E FOWLER AVENUE
General Information
- Standard status
- Active
- Size
- 7,160 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
THE WILKINS WAY LLC
(407) 874-0230
Listed by
TINA JOLLY
Source
Corcoran
Added: Apr 10 Updated: Jul 10 at 12:30PM Checked: Jul 21 at 4:46AM
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 THE WILKINS WAY LLC
Investment Insights
Based on property information with market context.
This income-producing commercial office building is located on busy E Fowler Ave and offers a turnkey investment opportunity with tenants in place. The property provides immediate cash flow from 11 established leases. It benefits from strong traffic exposure and convenient access to major highways. The location also offers proximity to surrounding businesses and amenities. The property has a size of 7160 square feet. This asset offers both stability and future growth potential.
Key Highlights
- Income‑producing commercial office building with tenants in place, offering immediate cash flow.
- Turnkey investment opportunity with 11 established leases.
- Located on busy E Fowler Ave with strong traffic exposure.
Local Financial Insights For Office B
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 | $154.7k | $21.60 |
| − Vacancy | −$37.9k | −$5.29 |
| EGI | $116.8k | $16.31 |
| − OpEx | −$29.2k | −$4.08 |
| NOI | $87.6k | $12.23 |
7,160 SF · lease $21.60/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,574 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,170 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Mob Stop LLC
Fashion Accessories Store
Computer Guy
Computer & Electronic Repair
TMG Service Inc
Professional Services
Clear Bargain Multi ...
Tax Preparation
JLM Records
Recording Studio
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Turnkey investment opportunity with immediate cash flow from established leases.
Where is this office building located?
The property is located at 104 E FOWLER AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Income‑producing commercial office building with tenants in place, offering immediate cash flow.; Turnkey investment opportunity with 11 established leases.; Located on busy E Fowler Ave with strong traffic exposure.
