Standalone Single-Story Office
New
For Sale
$430,000
2508 W TAMPA BAY Blvd, Tampa, FL 33607
Vacant office property with RO-1 zoning and direct boulevard frontage.
Property Size1,684 SF
Lot Size0.14 Acres
Price / SF$255.34
Days on Market5
Property Features for 2508 W TAMPA BAY Blvd
General Information
Standard status
Active
Size
1,684 SF
Lot size
0.14 Acres
Property subtype
Commercial
Zoning
RO-1
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,430
Building Details
Building Size
1,684 SF
Year Built
1972
Buildings
1
Stories
1
Owner Occupied
No
Listing Agency:
Dalton Wade, Inc.
(813) 616-2437
Listed By:
Anne-Sophie Petit-Frere · License #SL3409889
(813) 616-2437
Source:
Elliman
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 7 at 6:12AM
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 Dalton Wade, Inc.
Investment Insights
Based on property information with market context.
This standalone professional office building provides 1,684 SF of single-story space on a 6,250 SF lot. The property is currently vacant and offers a flexible setting for an owner-user or investor. RO-1 (Residential Office) zoning supports professional office applications, including medical, legal, accounting, financial services, insurance, real estate, and consulting practices, subject to applicable requirements.
Located along W. Tampa Bay Boulevard, the property has direct frontage and approximately 8,000 vehicles passing daily. The site is positioned minutes from Midtown Tampa, Downtown Tampa, the Westshore Business District, and Tampa International Airport. Walk Score is 41, Bike Score is 65, and Transit Score is 37. Built in 1972, the building offers an established office footprint in a highly accessible Tampa corridor.
Located along W. Tampa Bay Boulevard, the property has direct frontage and approximately 8,000 vehicles passing daily. The site is positioned minutes from Midtown Tampa, Downtown Tampa, the Westshore Business District, and Tampa International Airport. Walk Score is 41, Bike Score is 65, and Transit Score is 37. Built in 1972, the building offers an established office footprint in a highly accessible Tampa corridor.
Key Highlights
- 1,684 SF single‑story professional office building
- 6,250 SF lot with direct frontage on W. Tampa Bay Boulevard
- RO‑1 (Residential Office) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,886
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$457,720
$457.7K
Cap Rate 7%
$326,943
$326.9K
Cap Rate 9%
$254,289
$254.3K
Market Conditions
NOI Build-Up for 1,684 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.4K $24.00/SF
− Vacancy
−$9.9K −$5.88/SF
EGI
$30.5K $18.12/SF
− OpEx
−$7.6K −$4.53/SF
NOI
$22.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$457,720
Cap Rate 7%
$326,943
Cap Rate 9%
$254,289
Alternative Uses
Best Use
Office B
$326.9K
$286.1K – $381.4K
NOI $22,886 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.3K
$343.3K – $457.7K
NOI $27,463 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,201
Businesses Nearby
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
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Vacant office property with RO-1 zoning and direct boulevard frontage.
Where is this office building located?
The property is located at 2508 W TAMPA BAY Blvd Tampa, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1,684 SF single‑story professional office building; 6,250 SF lot with direct frontage on W. Tampa Bay Boulevard; RO‑1 (Residential Office) zoning
