Office Building with Multiple
New
For Sale
$980,000
Pending
1717 E 5TH, Tampa, FL 33605
Paved driveway and on-site parking support day-to-day office operations.
Property Size2,400 SF
Lot Size0.22 Acres
Days on Market5
Property Features for 1717 E 5TH
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.22 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$18,115
Building Details
Building Size
2,400 SF
Year Built
1986
Tenancy
Single
Abandoned
No
Listing Agency:
Realty One Group MVP
(937) 232-3070
Listed By:
Joanne Fultz · License #SL3449480
(937) 232-3070
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 17 at 8:38AM
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 Realty One Group MVP
Investment Insights
Based on property information with market context.
Located at 1717 E 5th Ave. in Tampa’s Ybor City business district, this 2,400-square-foot office building sits on an oversized 9,525-square-foot lot. Built in 1986, the property includes multiple offices, substantial storage space, a paved driveway, and approximately 10+ parking spaces. It currently operates as a trucking dispatch company.
The property has street exposure and is positioned 1.5 miles from Downtown Tampa, 1 mile from the Channelside District, and 1 mile from Interstate 4. The Port of Tampa is also nearby. WalkScore is 76, BikeScore is 79, and TransitScore is 50, reflecting access to walking, cycling, and transit options in the surrounding area.
The property has street exposure and is positioned 1.5 miles from Downtown Tampa, 1 mile from the Channelside District, and 1 mile from Interstate 4. The Port of Tampa is also nearby. WalkScore is 76, BikeScore is 79, and TransitScore is 50, reflecting access to walking, cycling, and transit options in the surrounding area.
Key Highlights
- 2,400 SF office building on a 9,525‑SF lot
- Multiple offices with substantial storage space
- Paved driveway with approximately 10+ parking spaces
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
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
674
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Paved driveway and on-site parking support day-to-day office operations.
Where is this office building located?
The property is located at 1717 E 5TH 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 SF office building on a 9,525‑SF lot; Multiple offices with substantial storage space; Paved driveway with approximately 10+ parking spaces
