Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2305 N Nebraska Ave Tampa, FL 33602

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,800,000

    0.98 acre commercial land with high visibility and accessibility.

    Lot size:
    0.45 Acres

    Property Features for 2305 N Nebraska Ave

    General Information

    Standard status
    Active
    Lot size
    0.45 Acres

    We can help!

    Listing Contact
    Tina Marie Eloian, Ccim
    Tina Marie Eloian, Ccim
    Source: Corcoran

    Listing Agency: FLORIDA COMMERCIAL GROUP Listing Agent: Tina Marie Eloian, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Corner Location Development Opportunity

    This 0.98-acre site, comprising three parcels, presents a commercial redevelopment opportunity. The property benefits from a corner location with frontage on Nebraska Avenue. The site has level topography and includes utilities. Located in the Historic V.M. Ybor, a National Landmark District in East Tampa, it is near Historic Ybor City and less than one mile from upcoming South Nebraska Avenue Development Projects. Downtown Tampa is one mile northwest, and the Channel District is approximately 1.5 miles northeast. The location offers accessibility to highways and major thoroughfares, including Interstate 275, Interstate 4, Selmon Crosstown Expressway, Florida Avenue, Dr. Martin Luther King Jr. Blvd, and Hillsborough Avenue. A new FDOT off-ramp is being installed at 14th Street and Nebraska Avenue. The property is HUBZone qualified, potentially providing tax benefits. Neighboring businesses include Sunoco Gas, Checkers, Rent King, Centro Asturiano, Kforce, TECO Energy, Children’s Board, Hillsborough Community College, and La Segunda Bakery. The site at 2309 N. Nebraska Avenue is paved, allowing for onsite parking or storage. Potential uses include general office, multi-family retail, or retail storefront development. The property is located just south of the signalized intersection of Columbus Drive and N. Nebraska Avenue. The area is experiencing commercial and residential growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.45093
    Latitude
    27.966172

    Nearby Similar for Sale

    • $699,000
      1,866 SF

      Tampa Commercial Property with CI Zoning

      Commercial property with flexible zoning and income potential in Tampa.
      3607 E Mohawk Ave, Tampa, FL 33610
      View Details
    • New
      $975,000
      Pending

      Retail Property in South Tampa

      Free-standing retail property in Tampa with C1 zoning.
      2714 S Macdill Ave, Tampa, FL 33629
      View Details
    • New
      $375,000
      1,274 SF

      Turnkey Office Condo in Tampa

      Move-in ready office condo in a prime Tampa location.
      5404 Hoover Blvd, Tampa, FL 33634
      View Details
    • New
      $575,000
      1,528 SF

      Versatile Mixed-Use Property in Tampa

      High-visibility commercial mixed-use property with flexibility and upside potential.
      2807 Locicero Dr, Tampa, FL 33619
      View Details
    • New
      $397,800
      Pending

      Tampa Office Building For Sale

      Professional office building in established Forest Hills/North Tampa area.
      1408 W Linebaugh Ave, Tampa, FL 33612
      View Details
    • New
      $799,000
      3,000 SF

      Versatile Office Building in Tampa

      Two-story office building in Carrollwood submarket, ideal for investors.
      3804 Gunn Hwy, Tampa, FL 33618
      View Details
    • $875,000
      3,160 SF

      Linebaugh Avenue Professional Office Suites

      Two contiguous office suites in a high-traffic Tampa corridor.
      6938 W Linebaugh Ave, Tampa, FL 33625
      View Details
    • $400,000
      2,882 SF

      Versatile Tampa Commercial Opportunity

      Unique property suitable for retail, office, or redevelopment.
      2222 E Dr Martin Luther King Jr Blvd, Tampa, FL 33610
      View Details
    • $500,000
      2,763 SF

      East Tampa Commercial Opportunity

      Pharmacy space in a bustling commercial corridor.
      3302 E Dr Martin Luther King Jr Blvd, Tampa, FL 33610
      View Details
    • New
      $1,550,000
      7,342 SF

      North Tampa Commercial Building For Sale

      7,324 SF commercial building with three units and detached garage.
      8202 N Armenia Ave, Tampa, FL 33604
      View Details
    • $2,300,000
      6,780 SF

      Spacious Industrial Building on Large Lot

      6,780 SF commercial building on 1.8-acre lot in Tampa.
      5802 N Occident St, Tampa, FL 33614
      View Details
    • $299,000
      2,500 SF

      Turnkey Beauty Supply Store

      Established beauty supply store with high traffic in Tampa, FL.
      3401 N 22Nd St, Tampa, FL 33605
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.98 acre commercial land with high visibility and accessibility.
    Where is this commercial land located?
    The property is located at 2305 N Nebraska Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - HUBZONE QUALIFIED - Providing long-term tax benefits.; - Superior corner location with high visibility and access.; - Located in a high-growth area near Downtown Tampa and Historic Ybor City.
    (813) 997-4321
    Request Owner's contact information
    2305 N Nebraska Ave Tampa, FL 33602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2305 N Nebraska Ave
    Tampa, FL 33602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2305 N Nebraska Ave Tampa, FL 33602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tina Marie Eloian, Ccim
    Tina Marie Eloian, Ccim
    Real Estate License ID: #BK653748
    (813) 997-4321 (813) 935-9600 (813) 908-8500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!