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    1624 E 7th Avenue Tampa, FL 33605

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    For Lease
    $500/Mo $0.39 SF/Yr (calc)

    Prime artist studio/condos for lease in the heart of Ybor City.

    Type:Office
    Property size:
    15,382 SF
    Added:
    Jan 27, 2026
    Days on Market:
    95
    Last Refresh:
    Apr 5 at 11:58 pm

    Property Features for 1624 E 7th Avenue

    General Information

    Standard status
    Active
    Size
    15,382 SF
    Property subtype
    Office

    Building Details

    Year Built
    1920

    Spaces For Lease

    at 1624 E 7th Avenue Contact us

    We can help!

    Listing Contact
    Tina Marie Eloian, CCIM
    Tina Marie Eloian, CCIM

    Listing agent Tina Marie Eloian, CCIM License #FL #BK653748

    Listing office FLORIDA COMMERCIAL GROUP

    Listing date Jan 27, 2026

    Source Sperrycga

    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 FLORIDA COMMERCIAL GROUP

    Overview

    Ybor City Creative Studio Condos

    Located in the heart of Ybor City, these artist studio condos offer opportunities for visual, performing, and literary arts tenants. The suites, suitable for photographers, fashion professionals, media specialists, musicians, videographers, painters, sculptors, and design studios, range in size from 146 SF to 267 SF. The property sits one block south of the trolley line and is within walking distance of the Centro Ybor Trolley Station (#2) on 8th Avenue. Public parking is available in the Centro Ybor Garage, one block away. The Historic Kress Building has been reshaped to create exhibition galleries, flexible studios, creative work areas, and event spaces. Situated along 7th Avenue, the location offers visibility, signage, and access, benefiting from over 6,300 vehicles per day. The property experiences pedestrian traffic due to its proximity to thriving businesses. Nearby are the Hampton Inn and Suites, Hotel Haya, multiple restaurants, retail storefronts, banking facilities, educational facilities, and residential neighborhoods. It is also minutes from Tampa’s major interstate system, including Interstate 4, Interstate 275, and the Lee Roy Selmon Crosstown Expressway. The property is accessible by car, HART line public transit, and the TECO Line Street trolley.
    Location Intelligence

    Current Use by Public Records

    U.S. Customs and Border ... Federal Government Office RDP Studio (Bike/Boat/Book/etc) Store Tempus Projects Charitable Organization Mergeculture Art Gallery Screen Door: An Ybor ... Cinema

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4409
    Latitude
    27.9605

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    FAQs

    What type of property is this?
    Creative space - Prime artist studio/condos for lease in the heart of Ybor City.
    Where is this creative space located?
    The property is located at 1624 E 7th Avenue Tampa, FL.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Prime location in the heart of Ybor City, a high‑energy business and retail district experiencing rapid growth and redevelopment.; Versatile spaces suitable for a wide range of creative professionals and businesses.; Located on the bustling 7th Avenue corridor with high visibility and substantial pedestrian and vehicle traffic (6,300 VTD).
    (813) 935-9600
    We can help!
    Listing Contact
    Tina Marie Eloian, CCIM
    Tina Marie Eloian, CCIM
    Real Estate License ID: FL #BK653748
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1624 E. 7th Avenue, Tampa, FL 33605

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