Mixed-Use Property on Nebraska
5210 N NEBRASKA AVENUE Tampa, FL 33603
5210 N NEBRASKA AVENUE, Tampa, FL, 33603
$1,100,000
For Sale
$1,100,000
Mixed-use property with high visibility and income potential.
Property Size3,437 SF
Lot Size0.25 Acres
Price / SF$320.05
Days on Market857
Property Features for 5210 N NEBRASKA AVENUE
General Information
- Standard status
- Active
- Size
- 3,437 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1913
Listing agency
RE/MAX REALTY UNLIMITED
(813) 684-0016
Listed by
CHARMAINE BLAKE · License #3033914
Source
Corcoran
Added: Mar 17, 2024 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 5:12AM
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 RE/MAX REALTY UNLIMITED
Investment Insights
Based on property information with market context.
This mixed-use property is strategically located on Nebraska Avenue near Hillsborough, less than a mile from Highway I-275. The property is zoned SH-Commercial Intensive with Future Land Use CC-35. There are currently two structures on the lot, containing a total of five residential units, an office, and a storage shed. The first building includes two efficiency units, a small retail/office space with one bathroom facing Nebraska, and a rear residential unit with four bedrooms and three bathrooms. The second building is a duplex, featuring a 1/1 unit on the ground floor and an efficiency unit on the top floor. The property has a brand new roof and a new fence. Centrally located, it is close to Urgent Care, Walmart, and restaurants, offering endless income possibilities.
Key Highlights
- SH‑Commercial Intensive zoning with CC‑35 Future Land Use allows for diverse development opportunities.
- Prime location on Nebraska Avenue near Hillsborough, with high visibility and easy access to I‑275.
- Two existing structures provide immediate income potential with a total of 5 residential units, an office, and a storage shed.
Local Financial Insights For Mixed Use
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 | $82.5k | $24.00 |
| − Vacancy | −$8.2k | −$2.40 |
| EGI | $74.2k | $21.60 |
| − OpEx | −$27.8k | −$8.10 |
| NOI | $46.4k | $13.50 |
3,437 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$662.9K
$580.0K – $773.3K
NOI $46,400 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$532.9K
$466.3K – $621.7K
NOI $37,300 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$800.7K
$700.6K – $934.2K
NOI $56,051 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Paralegals of Tampa Bay
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with high visibility and income potential.
Where is this mixed-use property located?
The property is located at 5210 N NEBRASKA AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: SH‑Commercial Intensive zoning with CC‑35 Future Land Use allows for diverse development opportunities.; Prime location on Nebraska Avenue near Hillsborough, with high visibility and easy access to I‑275.; Two existing structures provide immediate income potential with a total of 5 residential units, an office, and a storage shed.
