Mixed-Use Property in
For Sale
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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 Market153
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
(813) 293-4517
Listed By:
John Chavez · License #BK3298373
Source:
Crexi
Added: Mar 24
Changed: Aug 21
Last Checked: Aug 23 at 9:21AM
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 = 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
$45,873
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
3.82%
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%
$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
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
$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 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%
$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
Property Profile
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
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
