Modern Office/Flex
For Sale
$1,549,900
13908 Monroes Business Park TAMPA, Tampa, FL 33635
Built in 2020 with modern office layout, roll-up receiving bay, and secure CAT6-enabled infrastructure.
Property Size4,284 SF
Price / SF$414.19
Days on Market42
Property Features for 13908 Monroes Business Park TAMPA
General Information
Standard status
Active
Size
4,284 SF
Zoning
PD
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$16,847
Amenities
Tile
true
Public Records
Industrial Park
Public
4340
0.1
false
Paved,Asphalt
Slab
Street Paved,City Street
4284
1
Building Details
Building Size
4,284 SF
Year Built
2020
Buildings
1
Listing Agency:
(904) 569-5862
Listed By:
Anthony Gotham
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 17
Last Checked: Aug 17 at 8:49AM
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 Anthony Gotham
Investment Insights
Based on property information with market context.
Built in 2020, this modern mixed-use office/flex building presents a clean, turn-key interior for a range of business uses. The main space includes a large open floor area supported by six executive-size offices and bullpen space, along with common areas, a dedicated server room, and a fishbowl conference room with mounted TV monitors. Operations needs are addressed with a massive receiving bay featuring a rollup door, plus a sizable kitchenette with eat-in area. The building also provides his and her restrooms, including one restroom with a private walk-in shower.
Located within a business park setting, the property is described as being one block off the corner of Racetrack and Tampa Road, across from a shopping center anchored by Publix and Lowe’s. The site offers ample parking and walk-in access to an area suitable for reception. Building security includes high-end cameras and motion sensors, and CAT6 wiring is provided throughout.
The zoning is described as allowing a variety of commercial and industrial uses, supporting flexibility for both owner-users and investors. With a modern open layout, built-in offices, secure infrastructure, and a rollup-door receiving area, the building can be a practical fit for teams that need both office functionality and light flex/industrial capability.
Located within a business park setting, the property is described as being one block off the corner of Racetrack and Tampa Road, across from a shopping center anchored by Publix and Lowe’s. The site offers ample parking and walk-in access to an area suitable for reception. Building security includes high-end cameras and motion sensors, and CAT6 wiring is provided throughout.
The zoning is described as allowing a variety of commercial and industrial uses, supporting flexibility for both owner-users and investors. With a modern open layout, built-in offices, secure infrastructure, and a rollup-door receiving area, the building can be a practical fit for teams that need both office functionality and light flex/industrial capability.
Key Highlights
- Single‑building mixed‑use office property built in 2020 with 4,284 total building area on a 0.1‑acre lot
- Modern interior with tile flooring, heating and central air conditioning, plus open office layout with six executive offices and bullpen space
- Includes a server room, fishbowl conference room with mounted TV monitors, and a sizable kitchenette with eat‑in area
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
$50,854
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
3.28%
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%
$1,017,080
$1.0M
Cap Rate 7%
$726,486
$726.5K
Cap Rate 9%
$565,044
$565.0K
Market Conditions
NOI Build-Up for 3,742 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
$89.8K $24.00/SF
− Vacancy
−$22.0K −$5.88/SF
EGI
$67.8K $18.12/SF
− OpEx
−$17.0K −$4.53/SF
NOI
$50.9K $13.59/SF
Area
Tampa, FL
Vacancy
24.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,017,080
Cap Rate 7%
$726,486
Cap Rate 9%
$565,044
Alternative Uses
Best Use
Office B
$726.5K
$635.7K – $847.6K
NOI $50,854 @ 7.0% cap · market cap 3.28%
Second Best
Flex RnD
$705.5K
$617.3K – $823.1K
NOI $49,385 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$871.8K
$762.8K – $1.02M
NOI $61,025 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33635, FL
18,780
Population
8,032
Households
2.3
Avg Household Size
39
Median Age
40%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
2,934
Density / Sq Mi
$83,843
Median Household Income
$40,660
Median Earnings
$1,760
Median Rent
$309,800
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Built in 2020 with modern office layout, roll-up receiving bay, and secure CAT6-enabled infrastructure.
Where is this flex space located?
The property is located at 13908 Monroes Business Park TAMPA Tampa, FL.
What is the asking price?
The asking price for this property is $1,549,900.
What are key features of this property?
This property features: Single‑building mixed‑use office property built in 2020 with 4,284 total building area on a 0.1‑acre lot; Modern interior with tile flooring, heating and central air conditioning, plus open office layout with six executive offices and bullpen space; Includes a server room, fishbowl conference room with mounted TV monitors, and a sizable kitchenette with eat‑in area
