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    Tampa Shopping Center Mini Mall Title is generated by Realmo AI

    4911 E BROADWAY AVENUE, Tampa, FL 33605

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    For Sale
    $2,650,000

    Commercial property with solid rental history and income.

    Type:Commercial/Industrial
    Property size:
    19,875 SF
    Lot size:
    2.12 Acres
    Price / SF:
    $133/SF
    Added:
    Nov 24, 2024
    Days on Market:
    586
    Last Refresh:
    May 19 at 11:24 pm

    Property Features for 4911 E BROADWAY AVENUE

    General Information

    Standard status
    Active
    Size
    19,875 SF
    Lot size
    2.12 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1965

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    Nathan Dunham
    Nathan Dunham

    Listing office W.I.T. REALTY LLC

    Listing date Nov 24, 2024

    Source Exitrealty

    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 W.I.T. REALTY LLC

    HighLights

    • High monthly income of approximately $23,000.
    • Large 1.55‑acre lot with future development potential.
    • Approximately 23,000 sqft of rentable space.
    • Prime location with high visibility and approximately 600,000 cars daily.
    • Includes 4 residential units generating rental income.
    • Easy access to major roadways (Crosstown 275, I75, I‑4) and nearby amenities (Hard Rock Casino, Amphitheater).

    Overview

    This commercial property, located in Tampa, FL, features a shopping center mini mall built in 1965. Situated on a 1.55-acre lot, the property offers approximately 23,000 square feet of rentable space. It includes four residential units: two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, each renting for $850 per month. The property benefits from high visibility on E Broadway Avenue, with frontage available. Its location provides easy access to the Crosstown 275, I-75, I-4, Hard Rock Casino, and Amphitheater. The property is located next door to Wells Fargo Bank and across the street from McDonalds. The location experiences high traffic counts and provides access to many retail amenities. The property has potential for long-term rental or investment, with future appreciation and development potential in the area. The property is located at the highly traveled intersection of Broadway and 50th St, with approximately 600,000 cars daily.

    Local Financial Insights For Retail

    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 $357.8k $18.00
    − Vacancy −$19.7k −$0.99
    EGI $338.1k $17.01
    − OpEx −$101.4k −$5.10
    NOI $236.7k $11.91
    19,875 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.38M
    $2.96M – $3.94M (±1% cap)
    NOI $236,652 @ 7.0% cap · market cap 8.93%
    Second Best
    Apartment 5plus
    $3.08M
    $2.70M – $3.59M (±1% cap)
    NOI $215,695 @ 7.0% cap · market cap 8.14%
    Theoretical Best
    Office A
    $4.63M
    $4.05M – $5.40M (±1% cap)
    NOI $324,122 @ 7.0% cap · market cap 12.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mike's Quality Appliances Home Appliance Store

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Pharmacy Accounting Firm Cafe & Coffee Shop Bed & Breakfast Arcade & Gaming Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

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    • Coin Cloud Bitcoin ATM — 5002 E Broadway Ave, Tampa, FL 33619

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4004
    Latitude
    27.9617

    FAQs

    What type of property is this?
    Shopping center - Commercial property with solid rental history and income.
    Where is this shopping center located?
    The property is located at 4911 E BROADWAY AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: High monthly income of approximately $23,000.; Large 1.55‑acre lot with future development potential.; Approximately 23,000 sqft of rentable space.
    More about this property
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