Tampa Office Building For
11602 North 51st Street Tampa, FL 33617
11602 North 51st Street, Tampa, FL, 33617
Contact for pricing
For Sale
Contact for pricing
Fully occupied office building near USF campus and I-75.
Property Size13,523 SF
Price / SF$177.48
Days on Market60
Property Features for 11602 North 51st Street
General Information
- Standard status
- Active
- Size
- 13,523 SF
- Property subtype
- Office
Building Details
- Year Built
- 1979
Listing Agency
Marcus & Millichap | The Patel Yozwiak Group
(813) 387-4700
Listed by
Samantha Kelley · License #SL3588576
Source
Crexi
Added: May 19 Checked: Jul 15 at 5:46 pm
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 Marcus & Millichap | The Patel Yozwiak Group
Investment Insights
Based on property information with market context.
This commercial property, suitable for office use, is a fully occupied building located in Tampa, Florida. The property is situated in close proximity to the University of South Florida (USF) campus and Interstate 75. The building has a total size of 13523 square feet.
Key Highlights
- 100% Occupied, ensuring immediate income.
- Proximity to USF Campus, ideal for students or faculty.
- Convenient Proximity to I‑75.
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 | $324.6k | $24.00 |
| − Vacancy | −$79.5k | −$5.88 |
| EGI | $245.0k | $18.12 |
| − OpEx | −$61.3k | −$4.53 |
| NOI | $183.8k | $13.59 |
13,523 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.06M
NOI $183,778 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,533 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Applied Behavioral Learning ...
Crisis Center
Ambs Call Center
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully occupied office building near USF campus and I-75.
Where is this office building located?
The property is located at 11602 North 51st Street Tampa, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 100% Occupied, ensuring immediate income.; Proximity to USF Campus, ideal for students or faculty.; Convenient Proximity to I‑75.
