High-Visibility Neighborhood Commercial
For Sale
Contact for pricing
1601 West Sligh Avenue, Tampa, FL 33604
For sale at 1601 W Sligh Ave, this neighborhood-serving commercial site offers convenient access and flexible use options subject to zoning.
Property Size891 SF
Price / SF$402.92
Days on Market78
Property Features for 1601 West Sligh Avenue
General Information
Standard status
Active
Size
891 SF
Class
C
Property subtype
Retail, Office
Zoning
Planned Development
Building Details
Year Renovated
2014
Units
7
Listing Agency:
Tomlin Commercial Real Estate Services
Listed By:
Lynn Love · License #FL
Source:
Crexi
Added: Jun 22
Changed: Aug 18
Last Checked: Sep 7 at 4:37AM
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 Tomlin Commercial Real Estate Services
Investment Insights
Based on property information with market context.
Located at 1601 West Sligh Avenue in Tampa, this neighborhood-serving commercial property offers a practical entry point for an owner-user, investor, or entrepreneur. The site is positioned for solid exposure and convenient access, with use flexibility for a range of concepts subject to zoning and buyer due diligence.
The offering is presented as an attainable ownership opportunity in a strong local market, with the ability to support different operational directions depending on approved uses. Buyers should verify zoning and all intended uses through their own diligence, particularly for any business plans that require specific approvals.
Because the property is marketed as flexible and adaptable to different buyers, it can be evaluated as a straightforward commercial acquisition for those looking to secure a functional location without overextending on acquisition cost.
The offering is presented as an attainable ownership opportunity in a strong local market, with the ability to support different operational directions depending on approved uses. Buyers should verify zoning and all intended uses through their own diligence, particularly for any business plans that require specific approvals.
Because the property is marketed as flexible and adaptable to different buyers, it can be evaluated as a straightforward commercial acquisition for those looking to secure a functional location without overextending on acquisition cost.
Key Highlights
- Commercial site for sale at 1601 W Sligh Ave
- Neighborhood‑serving commercial property with convenient access
- High‑visibility Tampa corridor frontage/exposure (buyer to verify)
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
$12,109
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
3.37%
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%
$242,180
$242.2K
Cap Rate 7%
$172,986
$173.0K
Cap Rate 9%
$134,544
$134.5K
Market Conditions
NOI Build-Up for 891 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
$21.4K $24.00/SF
− Vacancy
−$5.2K −$5.88/SF
EGI
$16.1K $18.12/SF
− OpEx
−$4.0K −$4.53/SF
NOI
$12.1K $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%
$242,180
Cap Rate 7%
$172,986
Cap Rate 9%
$134,544
Alternative Uses
Best Use
Office B
$173.0K
$151.4K – $201.8K
NOI $12,109 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$151.6K
$132.6K – $176.8K
NOI $10,609 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$207.6K
$181.6K – $242.2K
NOI $14,530 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - For sale at 1601 W Sligh Ave, this neighborhood-serving commercial site offers convenient access and flexible use options subject to zoning.
Where is this storefront property located?
The property is located at 1601 West Sligh Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Commercial site for sale at 1601 W Sligh Ave; Neighborhood‑serving commercial property with convenient access; High‑visibility Tampa corridor frontage/exposure (buyer to verify)
