Retail Storefront with
For Sale
$4,500,000
1711 S Dale Mabry Hwy, Tampa, FL 33629
Established lighting gallery with parking, signage, and a long operating history at a prominent South Tampa commercial location.
Property Size13,946 SF
Days on Market196
Property Features for 1711 S Dale Mabry Hwy
General Information
Standard status
Active
Size
13,946 SF
Class
B
Property subtype
Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
13,946 SF
Listing Agency:
SVN | Florida
(813) 335-6362
Listed By:
Kenny Anderson
(813) 335-6362
Source:
Thebrokerlist
Added: Feb 17
Changed: Aug 30
Last Checked: Aug 30 at 9:32PM
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 SVN | Florida
Investment Insights
Based on property information with market context.
This retail storefront at 1711 S Dale Mabry Hwy accommodates Lightstyle of Tampa Bay, a lighting gallery that has operated at the property for over 20 years. The site includes parking and signage, with a layout described as large and functional for retail use. The property is positioned on South Dale Mabry Highway, also designated State Road 573 and US 92, with daily traffic counts in the tens of thousands.
The address is within South Tampa’s Palma Ceia West neighborhood and near Bayshore Beautiful and Beach Park. Tampa International Airport, International Plaza & Bay Street, I-275, and the Veterans Expressway are each approximately a 5-minute drive away. The surrounding 5-mile area includes over 208,000 residents and is projected to grow nearly 10% by 2029, while median household incomes within one mile exceed $140K.
The address is within South Tampa’s Palma Ceia West neighborhood and near Bayshore Beautiful and Beach Park. Tampa International Airport, International Plaza & Bay Street, I-275, and the Veterans Expressway are each approximately a 5-minute drive away. The surrounding 5-mile area includes over 208,000 residents and is projected to grow nearly 10% by 2029, while median household incomes within one mile exceed $140K.
Key Highlights
- 1711 S Dale Mabry Hwy, Tampa, FL 33629
- Lightstyle of Tampa Bay has operated at the property for over 20 years
- Directly on South Dale Mabry Highway, State Road 573/US 92
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
$166,055
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
3.69%
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%
$3,321,100
$3.3M
Cap Rate 7%
$2,372,214
$2.4M
Cap Rate 9%
$1,845,056
$1.8M
Market Conditions
NOI Build-Up for 13,946 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
$251.0K $18.00/SF
− Vacancy
−$13.8K −$0.99/SF
EGI
$237.2K $17.01/SF
− OpEx
−$71.2K −$5.10/SF
NOI
$166.1K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,321,100
Cap Rate 7%
$2,372,214
Cap Rate 9%
$1,845,056
Alternative Uses
Best Use
Retail
$2.37M
$2.08M – $2.77M
NOI $166,055 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,431 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,098
Businesses Nearby
323k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Electronics 19%
Home Improvements & Furnishings 19%
Dining 16%
Walmart
Superstores
127,367 visits/mo
0.2 miles
Best Buy
Electronics
62,435 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
59,154 visits/mo
0.2 miles
True Food Kitchen
Dining
25,039 visits/mo
0.4 miles
J. Alexander's
Dining
15,577 visits/mo
0.5 miles
Demographics for 33629, FL
26,394
Population
11,237
Households
2.3
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
4.8 sq mi
ZIP Area
5,499
Density / Sq Mi
$158,337
Median Household Income
$88,821
Median Earnings
$1,758
Median Rent
$764,100
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?
Storefront property - Established lighting gallery with parking, signage, and a long operating history at a prominent South Tampa commercial location.
Where is this storefront property located?
The property is located at 1711 S Dale Mabry Hwy Tampa, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 1711 S Dale Mabry Hwy, Tampa, FL 33629; Lightstyle of Tampa Bay has operated at the property for over 20 years; Directly on South Dale Mabry Highway, State Road 573/US 92
