Office Building on Main
For Sale
$2,150,000
11213 N Nebraska Avenue C406 TAMPA, Tampa, FL 33612
CI-zoned office property positioned along a main thoroughfare in Tampa.
Property Size11,848 SF
Lot Size0.63 Acres
Price / SF$181.47
Days on Market56
Property Features for 11213 N Nebraska Avenue C406 TAMPA
General Information
Standard status
Active
Size
11,848 SF
Lot size
0.63 Acres
Zoning
CI
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,057
Amenities
1
Public Records
true
27281
0.63
false
Paved
Slab
Main Throrughfare
11848
Building Details
Building Size
11,848 SF
Year Built
1981
Buildings
1
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Kylee Shaw
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 31
Last Checked: Aug 31 at 1:04PM
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 Kylee Shaw
Investment Insights
Based on property information with market context.
This office property at 11213 N Nebraska Avenue C406 in Tampa contains 11,848 square feet within a 0.63-acre site. Built in 1981, the building is associated with a paved exterior area and slab construction. The property also has an existing income-producing setup, supporting its use as an operating commercial asset.
The site is located on North Nebraska Avenue in the 33612 ZIP code and is identified as being along a main thoroughfare. CI zoning applies to the property. Its address and established building configuration provide a defined commercial presence within Tampa’s North Nebraska corridor.
The site is located on North Nebraska Avenue in the 33612 ZIP code and is identified as being along a main thoroughfare. CI zoning applies to the property. Its address and established building configuration provide a defined commercial presence within Tampa’s North Nebraska corridor.
Key Highlights
- 11,848‑square‑foot office building
- 0.63‑acre site in Tampa, FL 33612
- CI zoning
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
$144,913
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
6.74%
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%
$2,898,260
$2.9M
Cap Rate 7%
$2,070,186
$2.1M
Cap Rate 9%
$1,610,144
$1.6M
Market Conditions
NOI Build-Up for 11,848 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
$255.9K $21.60/SF
− Vacancy
−$62.7K −$5.29/SF
EGI
$193.2K $16.31/SF
− OpEx
−$48.3K −$4.08/SF
NOI
$144.9K $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%
$2,898,260
Cap Rate 7%
$2,070,186
Cap Rate 9%
$1,610,144
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.42M
NOI $144,913 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,923 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office building - CI-zoned office property positioned along a main thoroughfare in Tampa.
Where is this office building located?
The property is located at 11213 N Nebraska Avenue C406 TAMPA Tampa, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 11,848‑square‑foot office building; 0.63‑acre site in Tampa, FL 33612; CI zoning
