Two-Story Office
For Sale
$1,100,000
204 N Macdill Ave, Tampa, FL 33609
Historic professional layout includes six offices, reception space, a breakroom, and two fireplaces.
Property Size2,488 SF
Lot Size0.31 Acres
Price / SF$442.12
Days on Market48
Property Features for 204 N Macdill Ave
General Information
Standard status
Active
Size
2,488 SF
Total Parking Spaces
10
Lot size
0.31 Acres
Zoning
PD – Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1928
Listing Agency:
AKA COMMERCIAL REALTY
Listed By:
Kari Kurtz · License #487932
(813) 690-2330
Source:
Chenoregroup
Added: Sep 1
Changed: Oct 11
Last Checked: Oct 7 at 5:32PM
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 AKA COMMERCIAL REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property includes a 2,048-square-foot two-level main building completed in 1928, a 440-square-foot secondary office, and two sizable storage structures. The primary building provides three offices on each floor, a reception and waiting area, a breakroom, and one restroom per level. Two fireplaces contribute historic character. Combined building area totals approximately 2,488 square feet.
The improvements occupy an approximately 13,696-square-foot corner parcel measuring about 107 by 128 feet along N. MacDill Avenue in Tampa. The site benefits from alley access, pylon signage, and reported exposure of approximately 13,800 AADT. A paved, striped parking area provides nine spaces plus one accessible space, while landscaped areas frame the property.
The property is zoned PD – Office and carries an R-20 Future Land Use designation. Its location provides access to Kennedy Boulevard, Dale Mabry Highway, I-275, and the Selmon Expressway, with Midtown Tampa, International Plaza, Tampa International Airport, and the Westshore Business District among the cited surrounding destinations.
The improvements occupy an approximately 13,696-square-foot corner parcel measuring about 107 by 128 feet along N. MacDill Avenue in Tampa. The site benefits from alley access, pylon signage, and reported exposure of approximately 13,800 AADT. A paved, striped parking area provides nine spaces plus one accessible space, while landscaped areas frame the property.
The property is zoned PD – Office and carries an R-20 Future Land Use designation. Its location provides access to Kennedy Boulevard, Dale Mabry Highway, I-275, and the Selmon Expressway, with Midtown Tampa, International Plaza, Tampa International Airport, and the Westshore Business District among the cited surrounding destinations.
Key Highlights
- 2,048 +/- SF two‑story main office building completed in 1928
- 440 +/- SF auxiliary office building plus two large storage structures
- Approximately 13,696 +/- SF corner site measuring 107x128
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,812
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,240
$676.2K
Cap Rate 7%
$483,029
$483.0K
Cap Rate 9%
$375,689
$375.7K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$59.7K $24.00/SF
− Vacancy
−$14.6K −$5.88/SF
EGI
$45.1K $18.12/SF
− OpEx
−$11.3K −$4.53/SF
NOI
$33.8K $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 Rate 5%
$676,240
Cap Rate 7%
$483,029
Cap Rate 9%
$375,689
Alternative Uses
Best Use
Office B
$483.0K
$422.7K – $563.5K
NOI $33,812 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.6K
$507.2K – $676.2K
NOI $40,574 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Tampa, FL
Frequently Asked Questions
What type of property is this?
Office building - Historic professional layout includes six offices, reception space, a breakroom, and two fireplaces.
Where is this office building located?
The property is located at 204 N Macdill Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,048 +/- SF two‑story main office building completed in 1928; 440 +/- SF auxiliary office building plus two large storage structures; Approximately 13,696 +/- SF corner site measuring 107x128
