Renovated Professional Office
1345 N Falkenburg Rd Tampa, FL 33619
For Sale
Contact for pricing
Completely renovated office building with gated parking, lighted street signage, and high-visibility frontage on N Falkenburg Rd.
Property Size5,638 SF
Lot Size0.50 Acres
Price / SF$212.84
Days on Market109
Property Features for 1345 N Falkenburg Rd
General Information
Standard status
Active
Size
5,638 SF
Lot size
0.50 Acres
Property subtype
OFFICE
Listing Agency:
Turner Cole Company
(813) 610-5256
Listed By:
Joseph (Joe) Cole
(813) 610-5256
Source:
Moodyscre
Added: Apr 13
Changed: Jul 28
Last Checked: Jul 29 at 3:32PM
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 Turner Cole Company
Investment Insights
Based on property information with market context.
This completely renovated professional office building offers a gross building area of 5,638 square feet, including 4,373 square feet of heated office space. The property includes a roof that was replaced in 2021, lighted street signage, and a front gated parking lot with plenty of on-site parking. A covered shop is also located on the rear east side of the building.
The building is positioned along high-visibility frontage on N Falkenburg Rd, supported by an annual average daily traffic (AADT) figure of 12,555.68 as reported for 2024.
The property is designated for BPO Business Professional Office zoning, allowing for professional and medical use.
The building is positioned along high-visibility frontage on N Falkenburg Rd, supported by an annual average daily traffic (AADT) figure of 12,555.68 as reported for 2024.
The property is designated for BPO Business Professional Office zoning, allowing for professional and medical use.
Key Highlights
- Completely renovated office building with lighted street signage and high‑visibility frontage on N Falkenburg Rd
- BPO business/professional office zoning for professional/medical use
- 5,638 SF gross building area with 4,373 SF heated office area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.3k | $24.00 |
| − Vacancy | −$33.2k | −$5.88 |
| EGI | $102.2k | $18.12 |
| − OpEx | −$25.5k | −$4.53 |
| NOI | $76.6k | $13.59 |
5,638 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$957.8K – $1.28M
NOI $76,620 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,945 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Completely renovated office building with gated parking, lighted street signage, and high-visibility frontage on N Falkenburg Rd.
Where is this office building located?
The property is located at 1345 N Falkenburg Rd Tampa, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Completely renovated office building with lighted street signage and high‑visibility frontage on N Falkenburg Rd; BPO business/professional office zoning for professional/medical use; 5,638 SF gross building area with 4,373 SF heated office area
