14540 North Florida Avenue, Tampa, FL 33613

Building Details

Year Built 1962 More

Listing Agency: European Equities Corporation

Listed By: David McComas · License FL BK3125666 Show Phone

Source: Crexi

Added: Oct 16 Changed: Nov 8 Last Checked: Nov 8 at 5:31PM

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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 European Equities Corporation

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Investment Insights

Based on property information with market context.

This freestanding retail property contains approximately 4,193 square feet on a 0.32-acre parcel. Built in 1962, the building is zoned Commercial General (CG), with frontage on North Florida Avenue. Its configuration and commercial zoning are key physical and land-use attributes of the offering.

The property is in Tampa’s Lake Magdalene area, south of Bearss Avenue and between Bearss and Fletcher avenues. Interstate 275 is accessible from the corridor. The surrounding area includes residential neighborhoods, retail destinations, medical facilities, major employment centers, and the University of South Florida.

Key Highlights

• 4,193‑square‑foot freestanding commercial building
• 0.32‑acre parcel
• Commercial General (CG) zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,926

Cap Rate

5.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$998,520 $998.5K

Cap Rate 7%

$713,229 $713.2K

Cap Rate 9%

$554,733 $554.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,193 SF

Gross rent

$75.5K $18.00/SF

− Vacancy

−$4.2K −$0.99/SF

EGI

$71.3K $17.01/SF

− OpEx

−$21.4K −$5.10/SF

NOI

$49.9K $11.91/SF

Area

Tampa, FL

Vacancy

5.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$998,520

Cap Rate 7%

$713,229

Cap Rate 9%

$554,733

Alternative Uses

Best Use

Retail

$713.2K

$624.1K – $832.1K (±1% cap)

NOI $49,926 @ 7.0% cap · market cap 5.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$976.8K

$854.7K – $1.14M (±1% cap)

NOI $68,379 @ 7.0% cap · market cap 7.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Cycle Exchange Motorcycle Shop

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Fish Market Carpet & Flooring Store Clothing & Fashion Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

987

Businesses Nearby

38k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 63% Dining 33% Home Improvements & Furnishings 4%

Aldi Groceries

23,596 visits/mo 0.5 miles

Popeyes Louisiana Kitchen Dining

6,459 visits/mo 0.4 miles

Wingstop Dining

3,065 visits/mo 0.5 miles

Suncoast Roofers Supply Home Improvements & Furnishings

1,696 visits/mo 0.4 miles

Hibachi Express Dining

1,611 visits/mo 0.5 miles

Demographics for 33613, FL

38,801

Population

17,686

Households

2.2

Avg Household Size

30

Median Age

29%

College-Educated

84%

High-School Grad

7.4 sq mi

ZIP Area

5,243

Density / Sq Mi

$44,642

Median Household Income

$30,911

Median Earnings

$1,178

Median Rent

$219,700

Median Home Value

Market

Average Price Trend$/SF for Retail space in Tampa, FL

$392 Jul

$413 Aug

$429 Sep

$359 Oct

Properties on Market for Retail space in Tampa

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Tampa, FL

6.3% 2019

6.3% 2020

5.3% 2021

4.3% 2022

4% 2023

3.8% 2024

4.7% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Commercial General zoning and access to Interstate 275 support a range of commercial use possibilities.

Where is this retail space located?

The property is located at 14540 North Florida Avenue Tampa, FL.

What is the asking price?

The asking price for this property is $907,718.

What are key features of this property?

This property features: 4,193‑square‑foot freestanding commercial building; 0.32‑acre parcel; Commercial General (CG) zoning