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Mixed-Use Property on Nebraska Avenue

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

AddedMar 17, 2024

Days on Market851

Last RefreshJul 14 at 3:27 am

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 office RE/MAX REALTY UNLIMITED

Listing date Mar 17, 2024

Source Corcoran

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

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 (±1% cap)

NOI $46,400 @ 7.0% cap · market cap 4.22%

Second Best

Apartment 5plus

$532.9K

$466.3K – $621.7K (±1% cap)

NOI $37,300 @ 7.0% cap · market cap 3.39%

Theoretical Best

Office A

$800.7K

$700.6K – $934.2K (±1% cap)

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

Suggested Use

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For sale
Mixed-use properties
FL
Tampa
33603
5210 N NEBRASKA AVENUE

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.