Luxury Office Building with
For Sale
$980,000
Pending
1717 E 5th Avenue TAMPA, Tampa, FL 33605
Paved driveway, 10+ parking spaces, and multiple offices with extensive storage on a 9,525 SF lot.
Property Size2,400 SF
Lot Size0.22 Acres
Days on Market45
Property Features for 1717 E 5th Avenue TAMPA
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.22 Acres
Zoning
YC-6
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$18,115
Amenities
Ceramic Tile,Luxury Vinyl
true
Public Records
Historic District,City Lot,Neighbourhood,Oversized Lot,Sidewalk
Public
9525
0.22
false
13 to 18 Spaces,Other
Paved,Asphalt
Slab
Street Paved,Business District,City Street
2400
1
Public Maintained Road
Building Details
Building Size
2,400 SF
Year Built
1986
Buildings
1
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Elimar Moran · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 20 at 11:59AM
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.
1717 E. 5th Avenue is a 2,400 SF luxury office property currently operating as a trucking dispatch company. The space includes multiple offices and extensive storage, and it sits on an oversized 9,525 SF lot with a paved driveway and approximately 10+ parking spaces.
Located in the Historical Ybor District, the property is minutes from the Port of Tampa, Channelside District, and Downtown Tampa. It is also positioned near major traffic arteries and numerous highly traveled commerce areas, with stated proximity to Downtown Tampa (about 1.5 miles), the Channelside District (about 1 mile), and Interstate 4.
The current configuration supports office use with substantial back-office/storage needs, while the available room and layout provide flexibility for a variety of commercial and/or retail office users.
Located in the Historical Ybor District, the property is minutes from the Port of Tampa, Channelside District, and Downtown Tampa. It is also positioned near major traffic arteries and numerous highly traveled commerce areas, with stated proximity to Downtown Tampa (about 1.5 miles), the Channelside District (about 1 mile), and Interstate 4.
The current configuration supports office use with substantial back-office/storage needs, while the available room and layout provide flexibility for a variety of commercial and/or retail office users.
Key Highlights
- 2,400 SF single‑building office in Tampa’s Historical Ybor District, built in 1986
- Oversized 9,525 SF city lot with paved driveway in a paved/asphalt, public maintained road setting
- Parking for 13 to 18 spaces (approximately 10+ spaces listed), with other parking features on‑site
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
$32,616
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
3.33%
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%
$652,320
$652.3K
Cap Rate 7%
$465,943
$465.9K
Cap Rate 9%
$362,400
$362.4K
Market Conditions
NOI Build-Up for 2,400 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
$57.6K $24.00/SF
− Vacancy
−$14.1K −$5.88/SF
EGI
$43.5K $18.12/SF
− OpEx
−$10.9K −$4.53/SF
NOI
$32.6K $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%
$652,320
Cap Rate 7%
$465,943
Cap Rate 9%
$362,400
Alternative Uses
Best Use
Office B
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,139 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Paved driveway, 10+ parking spaces, and multiple offices with extensive storage on a 9,525 SF lot.
Where is this office building located?
The property is located at 1717 E 5th Avenue TAMPA Tampa, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 2,400 SF single‑building office in Tampa’s Historical Ybor District, built in 1986; Oversized 9,525 SF city lot with paved driveway in a paved/asphalt, public maintained road setting; Parking for 13 to 18 spaces (approximately 10+ spaces listed), with other parking features on‑site
