Mixed-Use Property with Outdoor
For Sale
Contact for pricing
1503 LAKEVIEW AVE, Seffner, FL 33584
CG zoning pairs an existing commercial building with usable land and immediate interstate access.
Property Size2,304 SF
Price / SF$271.27
Days on Market61
Property Features for 1503 LAKEVIEW AVE
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Mixed Use
Zoning
CG
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Land Use
mixed-use, commercial
Amenities
secure outdoor storage
Building Details
Year Built
1996
Stories
2
Units
1
Listing Agency:
Coldwell Banker Realty
(813) 685-7755
Listed By:
Rene Trasorras · License #SL3387137
Source:
Crexi
Added: Jul 2
Changed: Aug 31
Last Checked: Aug 31 at 2:10AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a 2,304 SF commercial building constructed in 1996, along with secure outdoor storage and nearly one acre of usable land. The existing improvements and open land create a flexible physical configuration for commercial operations.
The property carries CG zoning and benefits from immediate interstate access, connecting the site directly to the broader Tampa Bay region. Its combination of an established building, outdoor storage, and additional land supports a range of potential commercial applications.
The property carries CG zoning and benefits from immediate interstate access, connecting the site directly to the broader Tampa Bay region. Its combination of an established building, outdoor storage, and additional land supports a range of potential commercial applications.
Key Highlights
- 2,304 SF commercial building constructed in 1996
- Nearly one acre of usable land
- CG zoning
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
$28,616
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
4.58%
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%
$572,320
$572.3K
Cap Rate 7%
$408,800
$408.8K
Cap Rate 9%
$317,956
$318.0K
Market Conditions
NOI Build-Up for 2,304 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
$49.8K $21.60/SF
− Vacancy
−$4.0K −$1.73/SF
EGI
$45.8K $19.87/SF
− OpEx
−$17.2K −$7.45/SF
NOI
$28.6K $12.42/SF
Area
Hillsborough County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$572,320
Cap Rate 7%
$408,800
Cap Rate 9%
$317,956
Alternative Uses
Best Use
Mixed Use
$408.8K
$357.7K – $476.9K
NOI $28,616 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$667.3K
$583.9K – $778.5K
NOI $46,708 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 33584, FL
27,503
Population
10,906
Households
2.5
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
19.2 sq mi
ZIP Area
1,432
Density / Sq Mi
$68,330
Median Household Income
$42,648
Median Earnings
$1,379
Median Rent
$280,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CG zoning pairs an existing commercial building with usable land and immediate interstate access.
Where is this mixed-use property located?
The property is located at 1503 LAKEVIEW AVE Seffner, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,304 SF commercial building constructed in 1996; Nearly one acre of usable land; CG zoning
