Modern Mixed-Use Office
For Sale
$1,549,900
13908 MONROES BUSINESS Park, Tampa, FL 33635
Built in 2020, prime location, flexible commercial/industrial zoning.
Property Size3,742 SF
Lot Size0.10 Acres
Days on Market157
Property Features for 13908 MONROES BUSINESS Park
General Information
Standard status
Active
Size
3,742 SF
Lot size
0.10 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,847
Building Details
Building Size
3,742 SF
Year Built
2020
Listing Agency:
RE/MAX REALTEC GROUP INC
(727) 403-5611
Listed By:
Mark Ganier · License #201
(727) 403-5611
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:47AM
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 REALTEC GROUP INC
Investment Insights
Based on property information with market context.
Constructed in 2020, this mixed-use office building is located one block from the intersection of Racetrack Road and Tampa Road, across from a shopping center anchored by Publix and Lowe's. The modern open floor plan includes six executive-size offices, a bullpen area, a common area, and a server room. A large receiving bay features a rollup door. The property also has a fishbowl conference room with mounted TV monitors, a sizable kitchenette with an eat-in area, and separate restrooms for men and women, one of which includes a walk-in shower. The open layout allows for various floor plan configurations. Security features include high-end cameras, motion sensors, and CAT6 wiring throughout the building. Ample parking is available, along with walk-in access to a reception area. The property's zoning accommodates a variety of commercial and industrial uses, making it suitable for businesses seeking visibility, convenience, and functionality. It is an ideal setting for owner-users or investors looking to establish or expand their presence in the Tampa Bay area.
Key Highlights
- Strategic location: One block from Racetrack and Tampa Road, across from Publix and Lowe's anchored shopping center.
- Modern, open floor plan: Offers six executive offices, bullpen space, conference room, kitchenette, and receiving bay.
- Built in 2020: The building is relatively new and in excellent condition.
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
$50,854
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
3.28%
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%
$1,017,080
$1.0M
Cap Rate 7%
$726,486
$726.5K
Cap Rate 9%
$565,044
$565.0K
Market Conditions
NOI Build-Up for 3,742 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
$89.8K $24.00/SF
− Vacancy
−$22.0K −$5.88/SF
EGI
$67.8K $18.12/SF
− OpEx
−$17.0K −$4.53/SF
NOI
$50.9K $13.59/SF
Area
Tampa, FL
Vacancy
24.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,017,080
Cap Rate 7%
$726,486
Cap Rate 9%
$565,044
Alternative Uses
Best Use
Office B
$726.5K
$635.7K – $847.6K
NOI $50,854 @ 7.0% cap · market cap 3.28%
Second Best
Mixed Use
$721.7K
$631.5K – $842.0K
NOI $50,517 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$871.8K
$762.8K – $1.02M
NOI $61,025 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Explore this area
Business Placement
Demographics for 33635, FL
18,780
Population
8,032
Households
2.3
Avg Household Size
39
Median Age
40%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
2,934
Density / Sq Mi
$83,843
Median Household Income
$40,660
Median Earnings
$1,760
Median Rent
$309,800
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 2020, prime location, flexible commercial/industrial zoning.
Where is this mixed-use property located?
The property is located at 13908 MONROES BUSINESS Park Tampa, FL.
What is the asking price?
The asking price for this property is $1,549,900.
What are key features of this property?
This property features: Strategic location: One block from Racetrack and Tampa Road, across from Publix and Lowe's anchored shopping center.; Modern, open floor plan: Offers six executive offices, bullpen space, conference room, kitchenette, and receiving bay.; Built in 2020: The building is relatively new and in excellent condition.
