Building Details

Building Size 3,991 SF

Year Built 1956

Buildings 1

Stories 2

Listing Agency: LPT REALTY LLC

Listed By: Andrew Duncan · License #3135049 Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 2:08PM

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Investment Insights

Based on property information with market context.

Operating as a day care center, this 4,426-square-foot property has an open ground-floor layout and a second-floor office suite measuring 1,118 square feet, with a full bathroom. Built in 1956, the building sits on a 0.51-acre corner parcel with access from three streets. Commercial General (CG) zoning is in place.

St. Joseph’s main hospital campus is 0.3 mile away. The existing combination of open lower-level space and private upper-floor offices defines the building’s current configuration.

Key Highlights

• 4,426‑square‑foot building on a 0.51‑acre corner lot
• Operating day care center with open ground‑floor layout
• Second‑floor office suite spans 1,118 square feet and includes a full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,751

Cap Rate

4.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,195,020 $1.2M

Cap Rate 7%

$853,586 $853.6K

Cap Rate 9%

$663,900 $663.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,426 SF

Gross rent

$106.2K $24.00/SF

− Vacancy

−$10.6K −$2.40/SF

EGI

$95.6K $21.60/SF

− OpEx

−$35.9K −$8.10/SF

NOI

$59.8K $13.50/SF

Area

Tampa, FL

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,195,020

Cap Rate 7%

$853,586

Cap Rate 9%

$663,900

Alternative Uses

Best Use

Mixed Use

$853.6K

$746.9K – $995.9K (±1% cap)

NOI $59,751 @ 7.0% cap · market cap 4.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.03M

$902.2K – $1.20M (±1% cap)

NOI $72,179 @ 7.0% cap · market cap 5.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Arias Horacio MD Physician Todays Child Daycare Center

Suggested Use

Top Pick Electrical Service Garden Center Furniture & Home Goods Home Appliance Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,871

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33607, FL

24,767

Population

13,158

Households

1.9

Avg Household Size

37

Median Age

35%

College-Educated

87%

High-School Grad

9.3 sq mi

ZIP Area

2,663

Density / Sq Mi

$66,404

Median Household Income

$43,404

Median Earnings

$1,771

Median Rent

$316,100

Median Home Value

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Similar Off Market Nearby

• Mother Goose Learning Center — 3407 N Habana Ave, Tampa, FL 33607
• Oletha's Family Day Care Home — 711 W W St, Tampa, FL 33602
• Silver Child Development Center — Tampa, FL 33607
• Mayelin’s Family Childcare — 2911 W Braddock St, Tampa, FL 33607
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Frequently Asked Questions

What type of property is this?

Day care center - Open ground-floor space is paired with a separate upper-level office and full bathroom.

Where is this day care center located?

The property is located at 2150 W DR MARTIN LUTHER KING JR Tampa, FL.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 4,426‑square‑foot building on a 0.51‑acre corner lot; Operating day care center with open ground‑floor layout; Second‑floor office suite spans 1,118 square feet and includes a full bathroom