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 Market945
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
(813) 263-3290
Source:
Corcoran
Added: Mar 15, 2024
Changed: Aug 28
Last Checked: Aug 14 at 6:02AM
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 / Yr
$32,616
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,326
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
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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.
