Two-Story Corner Mixed-Use
For Sale
$5,750,000
1829 E 7TH AVENUE, Tampa, FL 33605
Two-story red brick corner building with a wrought iron balcony and flexible space for retail, restaurant, and professional office use.
Property Size12,546 SF
Price / SF$458.31
Days on Market70
Property Features for 1829 E 7TH AVENUE
General Information
Standard status
Active
Size
12,546 SF
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Amenities
ornate facade detailing
wrought iron balcony
exposed brick
hardwood floors
skylights
executive boardroom
Building Details
Year Built
1914
Stories
2
Construction
red brick
Listing Agency:
MCBRIDE KELLY & ASSOCIATES
(813) 254-0900
Listed By:
Brian McBride · License #3014081
(904) 687-7876
Source:
Endlesssummerrealty
Added: Jun 29
Changed: Sep 5
Last Checked: Sep 5 at 6:31AM
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 MCBRIDE KELLY & ASSOCIATES
Investment Insights
Based on property information with market context.
This landmark two-story red brick mixed-use building features an ornate facade with a wrought iron balcony. The property was built in the late 19th century and offers flexible space for retail, restaurant, and professional office tenants, with a standout upper-floor suite.
The second floor includes exposed brick, hardwood floors, skylights, and a signature executive boardroom. Situated on a prime corner on E 7th Avenue, the property sits on Ybor City’s main commercial corridor.
The combination of historic exterior character and distinctive upper-level finishes supports a range of tenant layouts within the building’s existing retail and office/restaurant-oriented configuration.
The second floor includes exposed brick, hardwood floors, skylights, and a signature executive boardroom. Situated on a prime corner on E 7th Avenue, the property sits on Ybor City’s main commercial corridor.
The combination of historic exterior character and distinctive upper-level finishes supports a range of tenant layouts within the building’s existing retail and office/restaurant-oriented configuration.
Key Highlights
- 1914‑built two‑story red brick corner building with wrought iron balcony
- Flexible tenant space for retail, restaurant, and professional office use
- Ornate facade detailing and corner presence on E 7th Avenue
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
$171,629
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
2.98%
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%
$3,432,580
$3.4M
Cap Rate 7%
$2,451,843
$2.5M
Cap Rate 9%
$1,906,989
$1.9M
Market Conditions
NOI Build-Up for 12,546 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
$240.9K $19.20/SF
− Vacancy
−$12.0K −$0.96/SF
EGI
$228.8K $18.24/SF
− OpEx
−$57.2K −$4.56/SF
NOI
$171.6K $13.68/SF
Area
Tampa, FL
Vacancy
5.00%
Lease Rate
$19.20 /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%
$3,432,580
Cap Rate 7%
$2,451,843
Cap Rate 9%
$1,906,989
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.15M – $2.86M
NOI $171,629 @ 7.0% cap · market cap 2.98%
Second Best
Office B
$2.44M
$2.13M – $2.84M
NOI $170,500 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,600 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,092
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?
Mixed-use property - Two-story red brick corner building with a wrought iron balcony and flexible space for retail, restaurant, and professional office use.
Where is this mixed-use property located?
The property is located at 1829 E 7TH AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 1914‑built two‑story red brick corner building with wrought iron balcony; Flexible tenant space for retail, restaurant, and professional office use; Ornate facade detailing and corner presence on E 7th Avenue
