Office Condominium with Private
For Sale
$3,650,000
250-5550 W Executive Dr, Tampa, FL 33609
Professional office ownership with waterfront views, reserved covered parking, and multiple private outdoor areas.
Property Size7,533 SF
Price / SF$484.53
Days on Market151
Property Features for 250-5550 W Executive Dr
General Information
Standard status
Active
Size
7,533 SF
Class
Class A
Taxes and HOA fees
Annual Taxes
$47,177
Amenities
waterfront
water views
private balconies
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(813) 839-3800
Listed By:
Kevin Platt · License #512251
(813) 361-5878
Source:
Exprealty
Added: May 20
Changed: Oct 8
Last Checked: Oct 16 at 9:29AM
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 SMITH & ASSOCIATES REAL ESTATE
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 7,533-square-foot office condominium is identified as a Class A professional office property within Westshore CBD. The space includes multiple private balconies and expansive water views, adding outdoor areas and a waterfront setting to the office environment.
Reserved covered parking is included. The property is located at 250-5550 W Executive Dr in Tampa, Florida.
Reserved covered parking is included. The property is located at 250-5550 W Executive Dr in Tampa, Florida.
Key Highlights
- 7,533‑square‑foot office condominium
- Class A professional office property
- Waterfront setting with expansive water views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,373
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,047,460
$2.0M
Cap Rate 7%
$1,462,471
$1.5M
Cap Rate 9%
$1,137,478
$1.1M
Market Conditions
NOI Build-Up for 7,533 SF
Gross rent
$180.8K $24.00/SF
− Vacancy
−$44.3K −$5.88/SF
EGI
$136.5K $18.12/SF
− OpEx
−$34.1K −$4.53/SF
NOI
$102.4K $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%
$2,047,460
Cap Rate 7%
$1,462,471
Cap Rate 9%
$1,137,478
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,373 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,848 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,846
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
Market
Vacancy Rate% for Office in Tampa, FL
Frequently Asked Questions
What type of property is this?
Office units - Professional office ownership with waterfront views, reserved covered parking, and multiple private outdoor areas.
Where is this office units located?
The property is located at 250-5550 W Executive Dr Tampa, FL.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 7,533‑square‑foot office condominium; Class A professional office property; Waterfront setting with expansive water views
