Freestanding Mixed-Use
For Sale
$450,000
1901 W SLIGH AVE, Tampa, FL 33604
Corner-lot property with road frontage, substantial parking, vehicle storage areas, and recently updated air conditioning and paint.
Property Size1,176 SF
Days on Market477
Property Features for 1901 W SLIGH AVE
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,872
Building Details
Building Size
1,176 SF
Year Built
1934
Buildings
1
Listing Agency:
FLORIDA REAL ESTATE PARTNERS
(727) 409-4663
Listed By:
Randal Jenkins · License #3197775
Source:
Judibeck
Added: Apr 17, 2025
Changed: Aug 3
Last Checked: Aug 6 at 4:10AM
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 FLORIDA REAL ESTATE PARTNERS
Investment Insights
Based on property information with market context.
This freestanding mixed-use building was constructed in 1934 and occupies a corner lot along W Sligh Ave. The property is currently tenant occupied, with the existing occupancy scheduled to continue through January 30, 2027. On-site areas accommodate parking, company vehicles, and outdoor storage needs, while the building’s configuration supports a range of office, retail, medical, and service-oriented uses identified for the property.
The site provides direct frontage along a busy Tampa-area roadway and is approximately 3 minutes from I-275 and 5 minutes from N Dale Mabry. Building improvements include a new AC system installed in 2023 and fresh interior and exterior paint. The combination of a freestanding layout, corner positioning, parking capacity, and vehicle-oriented outdoor areas creates a practical commercial setting for an owner-user or tenant-focused operation.
The site provides direct frontage along a busy Tampa-area roadway and is approximately 3 minutes from I-275 and 5 minutes from N Dale Mabry. Building improvements include a new AC system installed in 2023 and fresh interior and exterior paint. The combination of a freestanding layout, corner positioning, parking capacity, and vehicle-oriented outdoor areas creates a practical commercial setting for an owner-user or tenant-focused operation.
Key Highlights
- Freestanding building on a corner lot with frontage along W Sligh Ave
- Current tenant occupancy scheduled through Jan 30, 2027
- New AC system installed in 2023
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
$17,138
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
3.81%
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%
$342,760
$342.8K
Cap Rate 7%
$244,829
$244.8K
Cap Rate 9%
$190,422
$190.4K
Market Conditions
NOI Build-Up for 1,176 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
$31.0K $26.40/SF
− Vacancy
−$2.5K −$2.11/SF
EGI
$28.6K $24.29/SF
− OpEx
−$11.4K −$9.72/SF
NOI
$17.1K $14.57/SF
Area
Tampa, FL
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$342,760
Cap Rate 7%
$244,829
Cap Rate 9%
$190,422
Alternative Uses
Best Use
Healthcare Medical
$244.8K
$214.2K – $285.6K
NOI $17,138 @ 7.0% cap · market cap 3.81%
Second Best
Office B
$228.3K
$199.8K – $266.4K
NOI $15,982 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$274.0K
$239.7K – $319.6K
NOI $19,178 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
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 - Corner-lot property with road frontage, substantial parking, vehicle storage areas, and recently updated air conditioning and paint.
Where is this mixed-use property located?
The property is located at 1901 W SLIGH AVE Tampa, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Freestanding building on a corner lot with frontage along W Sligh Ave; Current tenant occupancy scheduled through Jan 30, 2027; New AC system installed in 2023
