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Historic Mixed-Use Bungalow
New
For Sale
$479,000

2308 E 4TH Avenue, Tampa, FL 33605

Commercial Sale, TAMPA, FL

Property Size1,176 SF
Lot Size0.11 Acres
Price / SF$407.31
Days on Market3

Property Features for 2308 E 4TH Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning YC-7
Security features Security Lighting
Window features Blinds
Pets allowed Yes
Appliances Dishwasher, Microwave, Refrigerator
Subdivision TURMANS EAST YBOR
Directions From I-4, take Exit 1 toward 21st/22nd Street and head south on N 21st St. Turn left (east) on E 4th Ave. Continue past N 22nd and N 23rd St. The home is on the left (north side) between N 23rd St and N 24th St.
Standard status Active
APN A-17-29-19-4WA-000027-00010.0
Size 1,176 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TURMAN'S EAST YBOR LOT 10 BLOCK 27
Tax Annual Amount 6720
Legal Description TURMAN'S EAST YBOR LOT 10 BLOCK 27

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1903
Floors in Building 1
Flooring type Tile - Ceramic, Hardwood
Building materials Frame
Roof type Metal
Listing Agency: PINEYWOODS REALTY LLC
Listed By: Brian Frey · License #3344207
Added: Oct 15 Changed: Oct 17 Last Checked: Oct 17 at 6:06PM
MLS# TB8559090

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1903 and renovated in 2017, this 1,176-square-foot bungalow occupies a 0.11-acre lot. The interior includes three private rooms, two full baths, a kitchen with granite counters and stainless appliances, and an interior laundry room. Wood and tile flooring, 11-foot ceilings, and double-pane windows are among the building’s features. Renovation work included replumbing, a 200-amp electrical panel, a metal roof, central air conditioning, and a water heater. A gated driveway, fenced grounds, garden, and detached outbuilding complete the property.

The site is within the Ybor City National Historic Landmark District and the local Ybor City Historic District. It is near the restaurants and shops along 7th Avenue, with access to Downtown Tampa, Channelside, I-4, and the Selmon Expressway. The property is zoned YC-7 Ybor City Mixed Use.

Key Highlights

  • 1,176 square feet on a 0.11‑acre lot
  • Zoned YC‑7 Ybor City Mixed Use
  • Three private rooms and two full baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$15,982
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,640 $319.6K
Cap Rate 7%
$228,314 $228.3K
Cap Rate 9%
$177,578 $177.6K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$28.2K $24.00/SF
− Vacancy
−$6.9K −$5.88/SF
EGI
$21.3K $18.12/SF
− OpEx
−$5.3K −$4.53/SF
NOI
$16.0K $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%
$319,640
Cap Rate 7%
$228,314
Cap Rate 9%
$177,578

Alternative Uses

Best Use
Office B
$228.3K
$199.8K – $266.4K (±1% cap)
NOI $15,982 @ 7.0% cap · market cap 3.34%
Second Best
Mixed Use
$226.8K
$198.5K – $264.6K (±1% cap)
NOI $15,876 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$274.0K
$239.7K – $319.6K (±1% cap)
NOI $19,178 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

FLOW CONTROL TECHNOLOGY ... General Contractor

Suggested Use

Top Pick Dental Office Pharmacy Nail Salon (Bike/Boat/Book/etc) Store Florist Veterinary Clinic

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,741
Businesses Nearby

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
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

13.8% 2019
14.2% 2020
19.1% 2021
22.3% 2022
21.9% 2023
20.7% 2024
18.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three private rooms, two full baths, and a kitchen provide a flexible interior arrangement for business use.
Where is this mixed-use property located?
The property is located at 2308 E 4TH Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1,176 square feet on a 0.11‑acre lot; Zoned YC‑7 Ybor City Mixed Use; Three private rooms and two full baths
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