2402 N HIGHLAND Avenue, Tampa, FL 33602
For Sale
$1,350,000
Residential Income, TAMPA, FL
Property Size5,288 SF
Lot Size0.25 Acres
Price / SF$255.30
Days on Market51
Property Features for 2402 N HIGHLAND Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Interior features
Exterior features
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Additional Structures
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Stacy Dillard · License FL #3228574
(813) 298-7696
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 12 at 9:06PM
MLS# TB8551435
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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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,388
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,760
$1.1M
Cap Rate 7%
$819,829
$819.8K
Cap Rate 9%
$637,644
$637.6K
Market Conditions
NOI Build-Up for 5,288 SF
Gross rent
$112.3K $21.24/SF
− Vacancy
−$8.0K −$1.51/SF
EGI
$104.3K $19.73/SF
− OpEx
−$47.0K −$8.88/SF
NOI
$57.4K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,760
Cap Rate 7%
$819,829
Cap Rate 9%
$637,644
Alternative Uses
Best Use
Apartment 5plus
$819.8K
$717.4K – $956.5K
NOI $57,388 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,237 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
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Business Placement
Demographics for 33602, FL
19,936
Population
11,972
Households
1.7
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
2.6 sq mi
ZIP Area
7,668
Density / Sq Mi
$88,569
Median Household Income
$66,434
Median Earnings
$2,119
Median Rent
$560,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Tampa, FL
Properties on Market for Apartment buildings in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this apartment building located?
The property is located at 2402 N HIGHLAND Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,350,000.
