4221 W SPRUCE STREET 1407 Tampa, FL 33607
Loft-style condo with vaulted ceilings, versatile space, and great amenities.
Property Features for 4221 W SPRUCE STREET 1407
General Information
- Standard status
- Active
- Size
- 921 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing office RE/MAX CHAMPIONS (813) 407-8011
Listing date Feb 21, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Top‑floor unit offering peace and quiet with no upstairs neighbors.
- Versatile loft space suitable as a second bedroom, office, or lounge.
- Investor‑friendly: Active rental application transferable.
Local Financial Insights For Apartment 5plus
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 | $19.6k | $21.24 |
| − Vacancy | −$1.4k | −$1.51 |
| EGI | $18.2k | $19.73 |
| − OpEx | −$8.2k | −$8.88 |
| NOI | $10.0k | $10.85 |