Renovated Single-Story Office
For Sale
Contact for pricing
13940 N DALE MABRY HWY, Tampa, FL 33618
Vacant professional office property with private offices, conference rooms, ADA-compliant restrooms, and convenient access from two roads.
Property Size4,572 SF
Lot Size0.13 Acres
Price / SF$422.54
Days on Market11
Property Features for 13940 N DALE MABRY HWY
General Information
Standard status
Active
Size
4,572 SF
Class
B
Lot size
0.13 Acres
Property subtype
Office
Zoning
PD zoning allows for versatile professional and medical office uses.
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
marble-tiled lobby
conference rooms
bullpen areas
break room/kitchenette
built-in storage
LED signage
Building Details
Year Built
1979
Year Renovated
2011
Buildings
1
Stories
1
Units
1
Building Size
4,572 SF
Construction
concrete block
Owner Occupied
No
Listing Agency:
The Rock Companies
Listed By:
Lloyd Nettles · License #FL 3144879
Source:
Crexi
Added: Aug 13
Changed: Aug 23
Last Checked: Aug 22 at 6:07AM
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 Rock Companies
Investment Insights
Based on property information with market context.
Renovated in 2011, this single-story office building provides a vacant, move-in-ready setting for an owner-user. The concrete block structure was built in 1979 and includes a marble-finished lobby, built-in reception desk, private offices, conference rooms, bullpen areas, a kitchenette with cabinetry, built-in storage, and two ADA-compliant restrooms. Several offices feature hardwood flooring, accent walls, and large windows. The exterior has been freshly painted, while the roof and HVAC system are reported to be in good condition.
The property occupies a 0.13-acre parcel along N Dale Mabry Hwy in Tampa's North Village Business Center. Unobstructed frontage, LED signage, and access from both N Dale Mabry Hwy and N Village Dr support visibility and controlled ingress and egress, including a lighted intersection. The site is near I-275 and the Veterans Expressway, with surrounding retail, dining, fitness, and banking amenities. PD zoning allows professional, medical, and business service uses.
The property occupies a 0.13-acre parcel along N Dale Mabry Hwy in Tampa's North Village Business Center. Unobstructed frontage, LED signage, and access from both N Dale Mabry Hwy and N Village Dr support visibility and controlled ingress and egress, including a lighted intersection. The site is near I-275 and the Veterans Expressway, with surrounding retail, dining, fitness, and banking amenities. PD zoning allows professional, medical, and business service uses.
Key Highlights
- Vacant, move‑in‑ready office building for immediate owner‑user occupancy
- Renovated in 2011; concrete block construction dates to 1979
- 0.13‑acre parcel along N Dale Mabry Hwy with unobstructed frontage
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
$62,718
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
3.22%
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%
$1,254,360
$1.3M
Cap Rate 7%
$895,971
$896.0K
Cap Rate 9%
$696,867
$696.9K
Market Conditions
NOI Build-Up for 4,615 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
$110.8K $24.00/SF
− Vacancy
−$27.1K −$5.88/SF
EGI
$83.6K $18.12/SF
− OpEx
−$20.9K −$4.53/SF
NOI
$62.7K $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%
$1,254,360
Cap Rate 7%
$895,971
Cap Rate 9%
$696,867
Alternative Uses
Best Use
Office B
$896.0K
$784.0K – $1.05M
NOI $62,718 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$940.8K – $1.25M
NOI $75,261 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 33618, FL
26,474
Population
12,394
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,152
Density / Sq Mi
$79,850
Median Household Income
$50,134
Median Earnings
$1,400
Median Rent
$379,200
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 - Vacant professional office property with private offices, conference rooms, ADA-compliant restrooms, and convenient access from two roads.
Where is this office building located?
The property is located at 13940 N DALE MABRY HWY Tampa, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Vacant, move‑in‑ready office building for immediate owner‑user occupancy; Renovated in 2011; concrete block construction dates to 1979; 0.13‑acre parcel along N Dale Mabry Hwy with unobstructed frontage
