Single-Story Office
For Sale
Contact for pricing
10820 Sheldon Rd, Tampa, FL 33626
Office unit with multiple private offices, reception, conference room, kitchen, breakroom, and three restrooms.
Property Size2,430 SF
Price / SF$300
Days on Market134
Property Features for 10820 Sheldon Rd
General Information
Standard status
Active
Size
2,430 SF
Class
C
Property subtype
Office
Zoning
PD-MU
Building Details
Year Built
2001
Buildings
1
Stories
1
Listing Agency:
Doyle & McGrath
(813) 420-6676
Listed By:
Maggie McGrath · License #FL 3232402
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 30 at 11:02PM
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 Doyle & McGrath
Investment Insights
Based on property information with market context.
This 2,430-square-foot office unit, built in 2001, offers a practical single-story layout for professional or medical use. The interior includes multiple private offices, a reception area, conference room, kitchen and breakroom, and three restrooms. Natural light is present throughout the space, and the property is maintained for immediate occupancy.
The office is located at 10820 Sheldon Rd in Tampa’s Westchase area within an office park setting. Reserved parking is positioned directly in front of the building, while signage opportunities along Sheldon Road provide prominent roadside exposure. The property is near the Veterans Expressway, with access to Downtown Tampa and surrounding areas, and is close to Sprouts Farmers Market, restaurants, retailers, and other neighborhood services. Zoning is PD-MU.
The office is located at 10820 Sheldon Rd in Tampa’s Westchase area within an office park setting. Reserved parking is positioned directly in front of the building, while signage opportunities along Sheldon Road provide prominent roadside exposure. The property is near the Veterans Expressway, with access to Downtown Tampa and surrounding areas, and is close to Sprouts Farmers Market, restaurants, retailers, and other neighborhood services. Zoning is PD-MU.
Key Highlights
- 2,430‑square‑foot office unit built in 2001
- Single‑story layout with multiple private offices and a reception area
- Conference room, kitchen/breakroom, and three restrooms
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
$33,024
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
4.53%
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%
$660,480
$660.5K
Cap Rate 7%
$471,771
$471.8K
Cap Rate 9%
$366,933
$366.9K
Market Conditions
NOI Build-Up for 2,430 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
$58.3K $24.00/SF
− Vacancy
−$14.3K −$5.88/SF
EGI
$44.0K $18.12/SF
− OpEx
−$11.0K −$4.53/SF
NOI
$33.0K $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%
$660,480
Cap Rate 7%
$471,771
Cap Rate 9%
$366,933
Alternative Uses
Best Use
Office B
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,628 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 33626, FL
31,875
Population
12,392
Households
2.6
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
2,591
Density / Sq Mi
$123,580
Median Household Income
$72,888
Median Earnings
$2,127
Median Rent
$506,600
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 units - Office unit with multiple private offices, reception, conference room, kitchen, breakroom, and three restrooms.
Where is this office units located?
The property is located at 10820 Sheldon Rd Tampa, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 2,430‑square‑foot office unit built in 2001; Single‑story layout with multiple private offices and a reception area; Conference room, kitchen/breakroom, and three restrooms
