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Westshore Business District Opportunity

4923 W CYPRESS STREET Tampa, FL 33607

4923 W CYPRESS STREET, Tampa, FL, 33607
$1,200,000
For Sale
Claim this Listing
$1,200,000

Commercial building in thriving Westshore Business District, Tampa, Florida.

Property Size3,908 SF
Lot Size0.61 Acres
Price / SF$307.06
AddedFeb 11, 2025
Days on Market519
Last RefreshJul 15 at 3:58 pm

Property Features for 4923 W CYPRESS STREET

General Information

Standard status
Active
Size
3,908 SF
Lot size
0.61 Acres
Property subtype
Commercial/Industrial

Building Details

Year Built
1983

Listing office BHHS FLORIDA PROPERTIES GROUP

Listing date Feb 11, 2025

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 BHHS FLORIDA PROPERTIES GROUP


Investment Insights

Based on property information with market context.

This nearly 4,000 square foot building is situated on 0.62 acres, presenting an exceptional opportunity within the thriving Westshore Business District. The property is zoned for commercial or office use and is located on almost half an acre of prime real estate. Maintained in impeccable condition and not located in a flood zone, the property is near Tampa International Airport, The International Mall, 5-star restaurants and hotels. It is also within walking distance of what will be one of the city’s largest mixed-use redevelopment sites at Westshore Mall. Given the significant growth and investment in Downtown Tampa, including numerous mixed-use properties nearby, this commercial property represents a prime investment opportunity for long-term returns.

Key Highlights

  • Prime location in the thriving Westshore Business District.
  • Large 4,000 sf building on .62 acres of commercial/office zoned land.
  • Not located in a flood zone.

Local Financial Insights For Office B

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 $93.8k $24.00
− Vacancy −$23.0k −$5.88
EGI $70.8k $18.12
− OpEx −$17.7k −$4.53
NOI $53.1k $13.59
3,908 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$758.7K
$663.9K – $885.2K (±1% cap)
NOI $53,110 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$910.5K
$796.7K – $1.06M (±1% cap)
NOI $63,732 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

hillsborough title Corporate Office Convergent Capital Partners Financial Advisor Meridian Partners Law Firm Convergent Management Property Investment Company

Suggested Use

Auto Parts Store Dental Office Garden Center Locksmith Pet Grooming Service Butcher Restaurant Grocery & Convenience Store Daycare Center Building Supply

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

FAQs

What type of property is this?
Office building - Commercial building in thriving Westshore Business District, Tampa, Florida.
Where is this office building located?
The property is located at 4923 W CYPRESS STREET Tampa, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location in the thriving Westshore Business District.; Large 4,000 sf building on .62 acres of commercial/office zoned land.; Not located in a flood zone.
Contact an agent
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