Ybor City Office with
For Sale
$980,000
Pending
1717 E 5TH AVENUE, Tampa, FL 33605
2,400 SF office in Ybor City with ample parking.
Property Size2,400 SF
Lot Size0.22 Acres
Days on Market880
Property Features for 1717 E 5TH AVENUE
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,115
Amenities
Central air
Metal Roof
Pool
Public Pool
Sidewalk
Central Air Cooling
Central Heating
Ceramic Tile Flooring
Luxury Vinyl Flooring
Neighbourhood
Oversized
Parking Spaces - 13 to 18
Paved
Building Details
Year Built
1986
Listing Agency:
MVP REALTY ASSOCIATES
(800) 806-0816
Listed By:
KRISTAL FULLER · License #3314446
Source:
Corcoran
Added: Mar 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:42AM
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 MVP REALTY ASSOCIATES
Investment Insights
Based on property information with market context.
Located in the Historical Ybor District of Tampa, this 2,400 SF office property is situated on a 9,525 SF lot. The site includes a paved driveway and approximately 10 or more parking spaces. Currently operating as a trucking dispatch company, the property features multiple offices and storage space. It offers possibilities for various commercial or retail office uses. The property benefits from high street exposure in the flourishing Ybor City business district. It is located approximately 1.5 miles from Downtown Tampa, 1 mile from the Channelside District, and near Interstate 4 and major traffic arteries. The property is also located minutes away from the Port of Tampa.
Key Highlights
- Prime location in the Historical Ybor District, near the Port of Tampa, Channelside, and Downtown Tampa.
- Oversized 9,525 SF lot with 2,400 SF building.
- Ample parking with 10+ spaces and a paved driveway.
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
$32,616
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
3.33%
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%
$652,320
$652.3K
Cap Rate 7%
$465,943
$465.9K
Cap Rate 9%
$362,400
$362.4K
Market Conditions
NOI Build-Up for 2,400 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
$57.6K $24.00/SF
− Vacancy
−$14.1K −$5.88/SF
EGI
$43.5K $18.12/SF
− OpEx
−$10.9K −$4.53/SF
NOI
$32.6K $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%
$652,320
Cap Rate 7%
$465,943
Cap Rate 9%
$362,400
Alternative Uses
Best Use
Office B
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 3.33%
Second Best
Retail
$408.2K
$357.2K – $476.3K
NOI $28,577 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,139 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 2,400 SF office in Ybor City with ample parking.
Where is this office units located?
The property is located at 1717 E 5TH AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Prime location in the Historical Ybor District, near the Port of Tampa, Channelside, and Downtown Tampa.; Oversized 9,525 SF lot with 2,400 SF building.; Ample parking with 10+ spaces and a paved driveway.
