Mixed-Use Property in
For Sale
Contact for pricing
1618 E 5th Ave, Tampa, FL 33605
3,398 SqFt mixed-use property available for sale.
Property Size3,398 SF
Price / SF$353.15
Days on Market201
Property Features for 1618 E 5th Ave
General Information
Standard status
Active
Size
3,398 SF
Property subtype
Mixed Use, Retail
Zoning
YC-5
Building Details
Buildings
1
Stories
1
Listing Agency:
People's Choice Realty Services, LLC
Listed By:
John Chavez · License #BK3298373
(813) 293-4517
Source:
Crexi
Added: Mar 24
Changed: Oct 8
Last Checked: Oct 9 at 6:48PM
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 People's Choice Realty Services, LLC
Investment Insights
Based on property information with market context.
This mixed-use property offers 3,398 square feet of space. The property is located in Tampa, Florida.
Key Highlights
- Mixed use property
- 3,398 sqft of space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,873
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,460
$917.5K
Cap Rate 7%
$655,329
$655.3K
Cap Rate 9%
$509,700
$509.7K
Market Conditions
NOI Build-Up for 3,398 SF
Gross rent
$81.6K $24.00/SF
− Vacancy
−$8.2K −$2.40/SF
EGI
$73.4K $21.60/SF
− OpEx
−$27.5K −$8.10/SF
NOI
$45.9K $13.50/SF
Area
Tampa, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,460
Cap Rate 7%
$655,329
Cap Rate 9%
$509,700
Alternative Uses
Best Use
Mixed Use
$655.3K
$573.4K – $764.6K
NOI $45,873 @ 7.0% cap · market cap 3.82%
Second Best
Retail
$578.0K
$505.8K – $674.3K
NOI $40,460 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$791.6K
$692.7K – $923.6K
NOI $55,415 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 57%
Shops & Services 36%
Dining 6%
Hampton Inn & Suites Tampa/Ybor City/Downtown
Hotels & Casinos
8,871 visits/mo
0.2 miles
Truist
Shops & Services
5,643 visits/mo
0.2 miles
Hilton Garden Inn Tampa Ybor
Hotels & Casinos
5,582 visits/mo
0.3 miles
U-Haul
Shops & Services
1,972 visits/mo
0.5 miles
SUBWAY
Dining
1,577 visits/mo
0.4 miles
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,398 SqFt mixed-use property available for sale.
Where is this mixed-use property located?
The property is located at 1618 E 5th Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Mixed use property; 3,398 sqft of space
