Tampa Office Building For
11602 North 51st Street Tampa, FL 33617
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 Market71
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
Changed: Jul 10
Last Checked: Jul 25 at 4:13AM
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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
