Multi-Tenant Retail
For Sale
$2,150,000
3007 W Cypress Street TAMPA, Tampa, FL 33609
Multi-tenant retail building with strong W. Cypress Street frontage and remodeled units for modern tenant spaces.
Property Size7,688 SF
Price / SF$335.94
Days on Market45
Property Features for 3007 W Cypress Street TAMPA
General Information
Standard status
Active
Size
7,688 SF
Zoning
CG
Taxes and HOA fees
Annual Taxes
$18,879
Amenities
Vinyl
Public Records
true
16500
0.38
false
13 to 18 Spaces
Asphalt
Block
Other
7688
1
6
Building Details
Building Size
7,688 SF
Year Built
1985
Buildings
1
Tenancy
Multi
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Erica Sadelfeld · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 7
Changed: Aug 14
Last Checked: Aug 20 at 4:09AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
3007 W. Cypress Street features an approximately 7,600+ SF multi-tenant commercial building with storefront-style units designed for retail occupancy. Tenants are individually metered and responsible for their own electrical service. The property includes a parking lot that was recently resurfaced, helping limit near-term capital needs. Units 6, 5, and 4 were completely remodeled in 2021 and 2025, providing updated interior space within the building.
The asset is located along the highly traveled W. Cypress Street corridor and is described as just minutes from the Midtown Tampa district. The location offers convenient access to I-275, Kennedy Boulevard, Downtown Tampa, Tampa International Airport, and Midtown Tampa. The surrounding area is characterized by dense residential neighborhoods and continued commercial and mixed-use development.
For buyers and tenants evaluating a commercial retail investment or leased space, this offering is zoned for commercial use and provides a multi-unit structure suited to storefront leasing. A current rent roll is available, and leases can be provided upon request for due diligence. With individually metered utility responsibility and updated interiors in multiple units, the property is positioned to support ongoing retail operations along a major Tampa corridor.
The asset is located along the highly traveled W. Cypress Street corridor and is described as just minutes from the Midtown Tampa district. The location offers convenient access to I-275, Kennedy Boulevard, Downtown Tampa, Tampa International Airport, and Midtown Tampa. The surrounding area is characterized by dense residential neighborhoods and continued commercial and mixed-use development.
For buyers and tenants evaluating a commercial retail investment or leased space, this offering is zoned for commercial use and provides a multi-unit structure suited to storefront leasing. A current rent roll is available, and leases can be provided upon request for due diligence. With individually metered utility responsibility and updated interiors in multiple units, the property is positioned to support ongoing retail operations along a major Tampa corridor.
Key Highlights
- One multi‑tenant commercial building with 7,688 total building SF built in 1985
- 0.38‑acre lot (16,500 SF) on W. Cypress Street with asphalt road surface and block foundation
- Parking for 13 to 18 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,205
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,524,100
$1.5M
Cap Rate 7%
$1,088,643
$1.1M
Cap Rate 9%
$846,722
$846.7K
Market Conditions
NOI Build-Up for 6,400 SF
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.
Gross rent
$115.2K $18.00/SF
− Vacancy
−$6.3K −$0.99/SF
EGI
$108.9K $17.01/SF
− OpEx
−$32.7K −$5.10/SF
NOI
$76.2K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,524,100
Cap Rate 7%
$1,088,643
Cap Rate 9%
$846,722
Alternative Uses
Best Use
Retail
$1.09M
$952.6K – $1.27M
NOI $76,205 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,371 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Groceries 32%
Dining 29%
Home Improvements & Furnishings 5%
ABC Fine Wine & Spirits
Groceries
15,503 visits/mo
0.4 miles
Krispy Kreme Doughnuts
Dining
14,010 visits/mo
0.4 miles
Kangaroo Express
Shops & Services
6,080 visits/mo
0.5 miles
Bank of America
Shops & Services
4,490 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
4,236 visits/mo
0.4 miles
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail building with strong W. Cypress Street frontage and remodeled units for modern tenant spaces.
Where is this shopping center located?
The property is located at 3007 W Cypress Street TAMPA Tampa, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: One multi‑tenant commercial building with 7,688 total building SF built in 1985; 0.38‑acre lot (16,500 SF) on W. Cypress Street with asphalt road surface and block foundation; Parking for 13 to 18 spaces
