Multi-Office Building with
For Sale
$980,000
Pending
1717 E 5TH Avenue, Tampa, FL 33605
Commercial Sale, TAMPA, FL
Property Size2,400 SF
Lot Size0.22 Acres
Days on Market893
Property Features for 1717 E 5TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
YC-6
Security features
Security System
Subdivision
PONS MAP
Lot features
Historic District, City Limits, Neighbourhood, Oversized Lot, Sidewalk, Paved
Directions
Head East on I-4, Take Exit 1 (21st/22nd St), Bear Right on N. 21st St, Turn Right on E. 5th Avenue, Head W. up three blocks and you will arrive at property located 1717 E. 5th Avenue
Standard status
Pending
APN
A-18-29-19-4WW-000066-E0000.1
Size
2,400 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PONS MAP LOT E AND F BLOCK 66
Tax Annual Amount
18115
Legal Description
PONS MAP LOT E AND F BLOCK 66
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Flooring type
Vinyl, Tile - Ceramic
Building materials
Metal Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
MVP REALTY ASSOCIATES
(800) 806-0816
Listed By:
Kristal Fuller · License #3314446
(813) 263-3290
Added: Mar 15, 2024
Changed: Aug 19
Last Checked: Aug 24 at 7:06AM
MLS# T3511961
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot office building at 1717 E 5th Avenue occupies a 0.22-acre parcel in Tampa’s Ybor business district. The 1986 property has a metal-frame structure, multiple private offices, substantial storage areas, a paved driveway, and approximately 10+ parking spaces. Ceramic tile and vinyl flooring, central heating, central air, public water, and public sewer serve the building. The property is currently used for trucking dispatch operations and is zoned YC-6.
The site is 1.5 miles from Downtown Tampa, 1 mile from the Channelside District, and 1 mile from Interstate 4. It is also near the Port of Tampa and major commercial corridors, with street exposure within the Ybor District.
The site is 1.5 miles from Downtown Tampa, 1 mile from the Channelside District, and 1 mile from Interstate 4. It is also near the Port of Tampa and major commercial corridors, with street exposure within the Ybor District.
Key Highlights
- 2,400 square feet of office space on a 0.22‑acre parcel
- Multiple offices with substantial storage areas
- Approximately 10+ parking spaces and a paved driveway
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
$32,616
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
3.33%
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%
$652,320
$652.3K
Cap Rate 7%
$465,943
$465.9K
Cap Rate 9%
$362,400
$362.4K
Market Conditions
NOI Build-Up for 2,400 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
$57.6K $24.00/SF
− Vacancy
−$14.1K −$5.88/SF
EGI
$43.5K $18.12/SF
− OpEx
−$10.9K −$4.53/SF
NOI
$32.6K $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%
$652,320
Cap Rate 7%
$465,943
Cap Rate 9%
$362,400
Alternative Uses
Best Use
Office B
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,139 @ 7.0% cap · market cap 3.99%
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
2,326
Businesses Nearby
Explore this area
Business Placement
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 Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Central Tampa office property with ceramic tile, vinyl flooring, and central HVAC.
Where is this office building located?
The property is located at 1717 E 5TH Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 2,400 square feet of office space on a 0.22‑acre parcel; Multiple offices with substantial storage areas; Approximately 10+ parking spaces and a paved driveway
