Mixed-Use Property with Auto
New
For Sale
$1,200,000
1814 S PARSONS AVE, Seffner, FL 33584
Four-building commercial property combining office space, automotive service improvements, and flexible month-to-month occupancy.
Property Size8,373 SF
Lot Size0.87 Acres
Days on Market5
Property Features for 1814 S PARSONS AVE
General Information
Standard status
Active
Size
8,373 SF
Lot size
0.87 Acres
Property subtype
Mixed Use
Zoning
CG
Occupancy
100%
Financials
Asking Price
$1,200,000
Cap Rate
8.8%
Gross Income
$128,400
Site & Location
Traffic Count
19,300 vehicles/day
Road Access
Yes
Additional Details
Service Bays
7
Taxes and HOA fees
Annual Taxes
$10,646
Building Details
Building Size
8,373 SF
Year Built
1958
Buildings
3
Tenancy
Multi
Listing Agency:
KILGORE REAL ESTATE
Listed By:
John Grygiel · License #BK3047183
(813) 493-0008
Source:
Judibeck
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 17 at 1:50PM
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 KILGORE REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 1814 S Parsons Ave in Seffner, Florida, comprises four buildings on a 0.87-acre CG-zoned site. Improvements include an office building and two automotive repair and garage buildings equipped with seven above-ground hydraulic lifts, along with a cell tower easement. The office roof was replaced in 2025.
The property is leased to three tenants on month-to-month agreements, providing current occupancy with flexibility for future repositioning or owner-user plans. Approximately 194 feet of frontage along S Parsons Ave benefits from reported traffic of about 19,300 vehicles per day. CG zoning supports ongoing automotive use and redevelopment, while the property carries an 8.8% cap rate.
The property is leased to three tenants on month-to-month agreements, providing current occupancy with flexibility for future repositioning or owner-user plans. Approximately 194 feet of frontage along S Parsons Ave benefits from reported traffic of about 19,300 vehicles per day. CG zoning supports ongoing automotive use and redevelopment, while the property carries an 8.8% cap rate.
Key Highlights
- Four‑building mixed‑use property on a 0.87‑acre CG‑zoned site
- Two automotive repair and garage buildings with seven above‑ground hydraulic lifts
- Three tenants occupy the property under month‑to‑month leases
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
$103,993
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
8.67%
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%
$2,079,860
$2.1M
Cap Rate 7%
$1,485,614
$1.5M
Cap Rate 9%
$1,155,478
$1.2M
Market Conditions
NOI Build-Up for 8,373 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
$180.9K $21.60/SF
− Vacancy
−$14.5K −$1.73/SF
EGI
$166.4K $19.87/SF
− OpEx
−$62.4K −$7.45/SF
NOI
$104.0K $12.42/SF
Area
Hillsborough County, FL
Vacancy
8.00%
Lease Rate
$21.60 /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%
$2,079,860
Cap Rate 7%
$1,485,614
Cap Rate 9%
$1,155,478
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.30M – $1.73M
NOI $103,993 @ 7.0% cap · market cap 8.67%
Second Best
Industrial
$1.45M
$1.27M – $1.69M
NOI $101,691 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,742 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Service bays
19,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 33584, FL
27,503
Population
10,906
Households
2.5
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
19.2 sq mi
ZIP Area
1,432
Density / Sq Mi
$68,330
Median Household Income
$42,648
Median Earnings
$1,379
Median Rent
$280,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-building commercial property combining office space, automotive service improvements, and flexible month-to-month occupancy.
Where is this mixed-use property located?
The property is located at 1814 S PARSONS AVE Seffner, 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: Four‑building mixed‑use property on a 0.87‑acre CG‑zoned site; Two automotive repair and garage buildings with seven above‑ground hydraulic lifts; Three tenants occupy the property under month‑to‑month leases
