Four-Building Mixed-Use
New
For Sale
$749,000
1501 Skipper Road, Tampa, FL 33613
A fenced, tenant-occupied site combines office, retail, storage, and open-bay space.
Property Size3,206 SF
Lot Size1.00 Acre
Price / SF$233.62
Days on Market2
Property Features for 1501 Skipper Road
General Information
Standard status
Active
Size
3,206 SF
Class
C
Lot size
1.00 Acre
Property subtype
Office
Zoning
CN
Site & Location
Traffic Count
39,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Amenities
fenced and secured
Building Details
Building Size
3,206 SF
Year Built
1947
Buildings
4
Stories
1
Tenancy
Single
Listing Agency:
Florida Commercial Group
Listed By:
Tina Marie Eloian, CCIM · License #653748
(813) 997-4321
Source:
Commercialcafe
Added: Oct 4
Last Checked: Oct 4 at 2:39PM
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 Florida Commercial Group
Investment Insights
Based on property information with market context.
The property includes four freestanding buildings on a 43,597-square-foot parcel. Three buildings comprise a 1,653-square-foot office, a 561-square-foot storage building, and a 992-square-foot open bay used for storage and loading; measurements for the accessory building are undetermined. The site is fenced and secured, with space for parking, storage, and truck maneuvering. It is currently occupied and used by a landscape supply company. The property is zoned CN, Commercial Neighborhood.
Located ½ mile east of N. Nebraska Avenue and Skipper Road and ½ block south of Bearss Avenue and Skipper Road, the property has approximately 39,500 VTD. Interstate 275 is 1.2 miles west. Other nearby routes include US Hwy 41/Nebraska Avenue, Bruce B. Downs Boulevard, and N. Florida Avenue, with Hartline public transportation also noted.
Located ½ mile east of N. Nebraska Avenue and Skipper Road and ½ block south of Bearss Avenue and Skipper Road, the property has approximately 39,500 VTD. Interstate 275 is 1.2 miles west. Other nearby routes include US Hwy 41/Nebraska Avenue, Bruce B. Downs Boulevard, and N. Florida Avenue, with Hartline public transportation also noted.
Key Highlights
- 43,597‑square‑foot lot zoned CN, Commercial Neighborhood
- Four freestanding buildings; three measured buildings total 3,206 SF
- 1,653 SF office, 561 SF storage building, and 992 SF open bay for storage and loading
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
$43,570
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
5.82%
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%
$871,400
$871.4K
Cap Rate 7%
$622,429
$622.4K
Cap Rate 9%
$484,111
$484.1K
Market Conditions
NOI Build-Up for 3,206 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
$76.9K $24.00/SF
− Vacancy
−$18.9K −$5.88/SF
EGI
$58.1K $18.12/SF
− OpEx
−$14.5K −$4.53/SF
NOI
$43.6K $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%
$871,400
Cap Rate 7%
$622,429
Cap Rate 9%
$484,111
Alternative Uses
Best Use
Office B
$622.4K
$544.6K – $726.2K
NOI $43,570 @ 7.0% cap · market cap 5.82%
Second Best
Mixed Use
$618.3K
$541.0K – $721.4K
NOI $43,281 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$746.9K
$653.5K – $871.4K
NOI $52,283 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
39,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A fenced, tenant-occupied site combines office, retail, storage, and open-bay space.
Where is this mixed-use property located?
The property is located at 1501 Skipper Road Tampa, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 43,597‑square‑foot lot zoned CN, Commercial Neighborhood; Four freestanding buildings; three measured buildings total 3,206 SF; 1,653 SF office, 561 SF storage building, and 992 SF open bay for storage and loading
