Luxury Hotel Residences in
For Sale
$875,446
1101 E JACKSON 3102, Tampa, FL 33602
Ultra-luxury 39-story tower with hotel and private residences.
Property Size507 SF
Lot Size1.00 Acre
Price / SF$58.36
Days on Market172
Property Features for 1101 E JACKSON 3102
General Information
Standard status
Active
Size
507 SF
Lot size
1.00 Acre
Property subtype
Other
Building Details
Building Size
507 SF
Year Built
2025
Stories
39
Listing Agency:
(727) 688-7496
Listed By:
Regina Sotomayor · License #3247679
(727) 688-7496
Source:
Elliman
Added: Mar 10
Changed: Aug 20
Last Checked: Aug 26 at 10:32AM
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 Regina Sotomayor
Investment Insights
Based on property information with market context.
Hotel ORA & Private Residences is an upcoming 39-story ultra-luxury tower located in Downtown Tampa. The property is positioned steps from the future Water Street extension. It features designer-finished suites with contemporary style, soaring ceilings, and five-star amenities. Owners have access to a full-service spa, a rooftop helipad, a resort-style pool with private cabanas, multiple jacuzzies, a signature STK Steakhouse, and over 15,000 sq. ft. of meeting spaces. The property offers 20+ floorplans across 600+ residences.
Key Highlights
- Ultra‑luxury 39‑story tower in Downtown Tampa, steps from the future Water Street extension.
- Revenue‑driven ownership opportunity with potential for investment returns.
- Designer‑finished suites with chic contemporary style and soaring ceilings.
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
$76,950
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
8.79%
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%
$1,539,000
$1.5M
Cap Rate 7%
$1,099,286
$1.1M
Cap Rate 9%
$855,000
$855.0K
Market Conditions
NOI Build-Up for 15,000 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
$180.0K $12.00/SF
− Vacancy
−$18.0K −$1.20/SF
EGI
$162.0K $10.80/SF
− OpEx
−$85.1K −$5.67/SF
NOI
$77.0K $5.13/SF
Area
Tampa, FL
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,539,000
Cap Rate 7%
$1,099,286
Cap Rate 9%
$855,000
Alternative Uses
Best Use
Hotel Hospitality
$1.10M
$961.9K – $1.28M
NOI $76,950 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,620 @ 7.0% cap · market cap 27.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 33602, FL
19,936
Population
11,972
Households
1.7
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
2.6 sq mi
ZIP Area
7,668
Density / Sq Mi
$88,569
Median Household Income
$66,434
Median Earnings
$2,119
Median Rent
$560,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Ultra-luxury 39-story tower with hotel and private residences.
Where is this hotel located?
The property is located at 1101 E JACKSON 3102 Tampa, FL.
What is the asking price?
The asking price for this property is $875,446.
What are key features of this property?
This property features: Ultra‑luxury 39‑story tower in Downtown Tampa, steps from the future Water Street extension.; Revenue‑driven ownership opportunity with potential for investment returns.; Designer‑finished suites with chic contemporary style and soaring ceilings.
