Flexible 4-Suite Office
For Sale
$2,500,000
13075-13079 N Telecom Pky, Tampa, FL 33637
Adaptable commercial office configuration supports separate occupancy, consolidation, or a combination of suite sizes.
Property Size10,000 SF
Price / SF$250
Days on Market37
Property Features for 13075-13079 N Telecom Pky
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Office Units
4
Amenities
private entrance
bathrooms
kitchen
break room
Building Details
Building Size
10,000 SF
Year Built
2005
Buildings
1
Listing Agency:
Matthews
(813) 367-0075
Listed By:
Josh Beniek · License #SL3639828 (FL)
(813) 367-0075
Source:
Matthews
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 29 at 2:51PM
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 Matthews
Investment Insights
Based on property information with market context.
Built in 2005, this office property provides 10,000 SF arranged across four 2,500 SF sections. Each section has its own entrance, bathrooms, kitchen, and break room, creating a practical configuration for multiple occupants or separate business functions. The interior can also be reorganized into two 5,000 SF units, one 10,000 SF office, or a 7,500 SF suite paired with a 2,500 SF suite. FF&E is included in the sale and may be removed before closing.
The property is located within Tampa Telecom Park, a 326-acre office park. Access is provided from a signalized corner at E Fletcher Ave, which carries +36,500 VPD. I-75 is less than one mile away, and Downtown Tampa is approximately 25 minutes from the property. Multiple route options connect the park with destinations to the north, south, east, and west.
The property is located within Tampa Telecom Park, a 326-acre office park. Access is provided from a signalized corner at E Fletcher Ave, which carries +36,500 VPD. I-75 is less than one mile away, and Downtown Tampa is approximately 25 minutes from the property. Multiple route options connect the park with destinations to the north, south, east, and west.
Key Highlights
- 10,000 SF office building with four 2,500 SF sections
- Each section includes a private entrance, bathrooms, kitchen, and break room
- Reconfigurable into two 5,000 SF units or other suite combinations
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
$135,900
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
5.44%
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%
$2,718,000
$2.7M
Cap Rate 7%
$1,941,429
$1.9M
Cap Rate 9%
$1,510,000
$1.5M
Market Conditions
NOI Build-Up for 10,000 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
$240.0K $24.00/SF
− Vacancy
−$58.8K −$5.88/SF
EGI
$181.2K $18.12/SF
− OpEx
−$45.3K −$4.53/SF
NOI
$135.9K $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%
$2,718,000
Cap Rate 7%
$1,941,429
Cap Rate 9%
$1,510,000
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.27M
NOI $135,900 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,080 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Explore this area
Business Placement
Demographics for 33637, FL
18,070
Population
8,402
Households
2.2
Avg Household Size
34
Median Age
35%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,317
Density / Sq Mi
$60,526
Median Household Income
$40,997
Median Earnings
$1,531
Median Rent
$213,800
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?
Office building - Adaptable commercial office configuration supports separate occupancy, consolidation, or a combination of suite sizes.
Where is this office building located?
The property is located at 13075-13079 N Telecom Pky Tampa, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,000 SF office building with four 2,500 SF sections; Each section includes a private entrance, bathrooms, kitchen, and break room; Reconfigurable into two 5,000 SF units or other suite combinations
