Tampa Commercial Condo Building For
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13302 Winding Oak Ct, Tampa, FL 33612
Stand-alone commercial condo building in Tampa, suitable for professional or medical uses.
Property Size2,112 SF
Price / SF$248.58
Days on Market191
Property Features for 13302 Winding Oak Ct
General Information
Standard status
Active
Size
2,112 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1987
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Coastal Brokerage & Investment
(813) 404-0665
Listed By:
Jim OBrien · License #BK3072231
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 3:11PM
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 Coastal Brokerage & Investment
Investment Insights
Based on property information with market context.
This stand-alone commercial condo building offers 2,016 square feet of professional space in Tampa. The property is divided into two units, each approximately 1008 square feet, featuring four private offices or conference rooms, a lobby or reception area, a kitchen, and a restroom. It is suitable for professional or medical uses. Each unit has separate electric meters and its own HVAC system. The interior has a professional build-out and is move-in ready. The building is currently occupied by two month-to-month tenants, offering immediate income for investors, with the flexibility for tenants to sign new leases or vacate to accommodate an owner-user. Located off Fletcher Avenue, the property is next to Dunkin’ and minutes from the I-275 Expressway, providing accessibility throughout Tampa. A new roof is planned for 2026.
Key Highlights
- Prime Tampa location with excellent accessibility to I‑275 and Fletcher Avenue.
- Two separate units (1008 sq ft each) offering flexible professional/medical space with independent metering and HVAC.
- Immediate income potential from existing month‑to‑month tenants.
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
$25,832
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
4.92%
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%
$516,640
$516.6K
Cap Rate 7%
$369,029
$369.0K
Cap Rate 9%
$287,022
$287.0K
Market Conditions
NOI Build-Up for 2,112 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
$45.6K $21.60/SF
− Vacancy
−$11.2K −$5.29/SF
EGI
$34.4K $16.31/SF
− OpEx
−$8.6K −$4.08/SF
NOI
$25.8K $12.23/SF
Area
ZIP 33612
Vacancy
24.50%
Lease Rate
$21.60 /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%
$516,640
Cap Rate 7%
$369,029
Cap Rate 9%
$287,022
Alternative Uses
Best Use
Office B
$369.0K
$322.9K – $430.5K
NOI $25,832 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.1K
$421.0K – $561.3K
NOI $33,677 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
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 - Stand-alone commercial condo building in Tampa, suitable for professional or medical uses.
Where is this office building located?
The property is located at 13302 Winding Oak Ct Tampa, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime Tampa location with excellent accessibility to I‑275 and Fletcher Avenue.; Two separate units (1008 sq ft each) offering flexible professional/medical space with independent metering and HVAC.; Immediate income potential from existing month‑to‑month tenants.
