Standalone Professional Office
For Sale
$405,000
2508 W TAMPA BAY Boulevard, Tampa, FL 33607
Commercial Sale, TAMPA, FL
Property Size1,684 SF
Lot Size0.14 Acres
Price / SF$240.50
Days on Market49
Property Features for 2508 W TAMPA BAY Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RO-1
Subdivision
WINTON PARK
Directions
From I-275, take the Himes Ave exit. Head north to W. Tampa Bay Blvd, turn east, and continue to 2508 W. Tampa Bay Blvd. The property will be on the south side of the road.
Standard status
Active
APN
A-10-29-18-4OV-000001-00009.0
Size
1,684 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WINTON PARK LOTS 9 10 AND E 1/2 OF LOT 11 BLOCK 1
Tax Annual Amount
4431
Legal Description
WINTON PARK LOTS 9 10 AND E 1/2 OF LOT 11 BLOCK 1
Utilities
Cooling system
Central Air
Building Details
Year built
1972
Floors in Building
1
Building materials
Block, Stucco
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Anne-Sophie Petit-Frere · License #SL3409889
(813) 616-2437
Added: Jul 31
Changed: Aug 22
Last Checked: Sep 17 at 2:06PM
MLS# TB8534871
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.
Investment Insights
Based on property information with market context.
This standalone office property includes approximately 1,684 square feet in a single-story building on a 6,250-square-foot lot. The structure was built in 1972 and features block and stucco construction with central air conditioning. The building is currently vacant, allowing an owner-user or investor to configure the space for professional office operations, subject to RO-1 zoning.
Located at 2508 W Tampa Bay Boulevard in Tampa, the property has direct street frontage and approximately 8,000 vehicles passing daily. Midtown Tampa, Downtown Tampa, the Westshore Business District, and Tampa International Airport are each described as being just minutes away. RO-1 zoning is identified for residential office use, including professional practices such as medical, legal, accounting, financial services, insurance, real estate, and consulting.
Located at 2508 W Tampa Bay Boulevard in Tampa, the property has direct street frontage and approximately 8,000 vehicles passing daily. Midtown Tampa, Downtown Tampa, the Westshore Business District, and Tampa International Airport are each described as being just minutes away. RO-1 zoning is identified for residential office use, including professional practices such as medical, legal, accounting, financial services, insurance, real estate, and consulting.
Key Highlights
- Approximately 1,684 SF single‑story office building
- 6,250‑square‑foot lot, equal to 0.14 acres
- 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
5.65%
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 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.3K
$343.3K – $457.7K
NOI $27,463 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,961
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant, single-story office property with RO-1 zoning and direct frontage along W. Tampa Bay Boulevard.
Where is this office building located?
The property is located at 2508 W TAMPA BAY Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Approximately 1,684 SF single‑story office building; 6,250‑square‑foot lot, equal to 0.14 acres; RO‑1 Residential Office zoning
