Tampa Industrial Property For
For Sale
$1,195,000
4213 W CAYUGA St, Tampa, FL 33614
Prime industrial land in Tampa's Airport warehousing district.
Property Size6,450 SF
Lot Size0.59 Acres
Days on Market275
Property Features for 4213 W CAYUGA St
General Information
Standard status
Active
Size
6,450 SF
Lot size
0.59 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$14,888
Building Details
Building Size
6,450 SF
Year Built
1951
Units
6
Listing Agency:
BLUE PEAK REALTY LLC
(813) 399-9166
Listed By:
Matt Pereira · License #3328420
(813) 399-9166
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 22
Last Checked: Aug 29 at 12:15PM
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 BLUE PEAK REALTY LLC
Investment Insights
Based on property information with market context.
This Tampa industrial property is well-positioned in the heart of the Airport warehousing district. The listing includes three properties and separate parcels: 4213, 4215, and 4217 W. Cayuga St. The combined parcels total approximately 0.60 acres. There are currently six long-time rental units. Zoned IG (Industrial General), the property offers many options, potentially accommodating manufacturing, processing, assembly, warehousing, and related commercial or service uses. Car dealerships surrounding the property could also consider leasing the land for parking space. The front unit at 4215 recently had a fire. The property is close to the Airport and Dale Mabry highway, with minutes to major highways, the Suncoast parkway, and Tampa International. City water and sewer are available to the site. This is an excellent opportunity for an investor or owner-operator. The property has back road access to N Thatcher Ave.
Key Highlights
- Prime location in the Airport warehousing district with access to Cayuga St. and N Thatcher Ave.
- Zoned IG (Industrial General) offering diverse usage options.
- Includes 3 separate parcels totaling approximately 0.60 acres.
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
$68,389
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
5.72%
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%
$1,367,780
$1.4M
Cap Rate 7%
$976,986
$977.0K
Cap Rate 9%
$759,878
$759.9K
Market Conditions
NOI Build-Up for 6,450 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
$85.1K $13.20/SF
− Vacancy
−$4.7K −$0.73/SF
EGI
$80.5K $12.47/SF
− OpEx
−$12.1K −$1.87/SF
NOI
$68.4K $10.60/SF
Area
ZIP 33614
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$1,367,780
Cap Rate 7%
$976,986
Cap Rate 9%
$759,878
Alternative Uses
Best Use
Warehouse
$977.0K
$854.9K – $1.14M
NOI $68,389 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$804.6K
$704.0K – $938.7K
NOI $56,320 @ 7.0% cap · market cap 4.71%
Theoretical Best
Multifamily LT 5
$1.08M
$941.1K – $1.25M
NOI $75,287 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33614, FL
47,695
Population
19,660
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
4,917
Density / Sq Mi
$51,143
Median Household Income
$31,350
Median Earnings
$1,399
Median Rent
$295,700
Median Home Value
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Auto Den — 4007 W Alva St Suite A, Tampa, FL 33614
- College Hunks Hauling Junk and Moving — 4756 N Dale Mabry Hwy, Tampa, FL 33614
- Florida Boatlifts — 4821 N Manhattan Ave, Tampa, FL 33614
- Self-Storage at U-Haul — 4406 W Hillsborough Ave, Tampa, FL 33614
- All My Sons Moving & Storage — 4410 W Crest Ave Suite A, Tampa, FL 33614
Frequently Asked Questions
What type of property is this?
Warehouse - Prime industrial land in Tampa's Airport warehousing district.
Where is this warehouse located?
The property is located at 4213 W CAYUGA St Tampa, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Prime location in the Airport warehousing district with access to Cayuga St. and N Thatcher Ave.; Zoned IG (Industrial General) offering diverse usage options.; Includes 3 separate parcels totaling approximately 0.60 acres.
