Senior Housing Facility Built
For Sale
Contact for pricing
11104 N 28TH ST, Tampa, FL 33612
Residential senior housing offering 1,598 SF built in 2006 for healthcare-oriented occupancy.
Property Size1,598 SF
Price / SF$297.25
Days on Market63
Property Features for 11104 N 28TH ST
General Information
Standard status
Active
Size
1,598 SF
Property subtype
Senior Living
Investment Type
Owner/User
Building Details
Year Built
1967
Year Renovated
2026
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial NW Tampa
Listed By:
Gary W. Culler PA · License #Fl. SL521397
Source:
Crexi
Added: Jun 29
Changed: Aug 13
Last Checked: Aug 29 at 3:44PM
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 KW Commercial NW Tampa
Investment Insights
Based on property information with market context.
This for-sale residential property totals 1,598 SF and was recorded as completed on 01/04/2006. The offering fits within the senior housing and healthcare property category, with the asset configured as a smaller, purpose-oriented residential facility rather than a large-scale commercial building.
The property is located at 11104 N 28TH ST in Tampa, Florida. While specific access, frontage, and nearby drivers are not provided in the available information, the address supports evaluation for local operator requirements, day-to-day patient or resident flow, and logistics consistent with a residential senior housing use.
For buyers or operators focused on senior housing or healthcare services, the practical starting point is the building’s residential format and established completion date. The 1,598 SF size can be well suited for an organization seeking a more contained footprint for operations, staffing, and resident programming, subject to applicable approvals and licensing. Interested parties should confirm suitability for their intended senior housing or healthcare use and validate all permitting requirements during underwriting and due diligence.
The property is located at 11104 N 28TH ST in Tampa, Florida. While specific access, frontage, and nearby drivers are not provided in the available information, the address supports evaluation for local operator requirements, day-to-day patient or resident flow, and logistics consistent with a residential senior housing use.
For buyers or operators focused on senior housing or healthcare services, the practical starting point is the building’s residential format and established completion date. The 1,598 SF size can be well suited for an organization seeking a more contained footprint for operations, staffing, and resident programming, subject to applicable approvals and licensing. Interested parties should confirm suitability for their intended senior housing or healthcare use and validate all permitting requirements during underwriting and due diligence.
Key Highlights
- Year built: 1967
- 1,598 SF residential property
- Public remarks reference 01/04/2006
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
$17,342
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
3.65%
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%
$346,840
$346.8K
Cap Rate 7%
$247,743
$247.7K
Cap Rate 9%
$192,689
$192.7K
Market Conditions
NOI Build-Up for 1,598 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
$33.9K $21.24/SF
− Vacancy
−$2.4K −$1.51/SF
EGI
$31.5K $19.73/SF
− OpEx
−$14.2K −$8.88/SF
NOI
$17.3K $10.85/SF
Area
ZIP 33612
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
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%
$346,840
Cap Rate 7%
$247,743
Cap Rate 9%
$192,689
Alternative Uses
Best Use
Apartment 5plus
$247.7K
$216.8K – $289.0K
NOI $17,342 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,111
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Residential senior housing offering 1,598 SF built in 2006 for healthcare-oriented occupancy.
Where is this senior housing / retirement home located?
The property is located at 11104 N 28TH ST Tampa, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Year built: 1967; 1,598 SF residential property; Public remarks reference 01/04/2006
