High-Visibility Commercial Mixed-Use
For Sale
$575,000
2807 LOCICERO DRIVE, Tampa, FL 33619
Versatile property in Tampa Bay's expanding commercial corridor.
Property Size1,528 SF
Lot Size0.55 Acres
Price / SF$376.31
Days on Market243
Property Features for 2807 LOCICERO DRIVE
General Information
Standard status
Active
Size
1,528 SF
Lot size
0.55 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,908
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Central Heating
Shingle Roof
Building Details
Year Built
1925
Listing Agency:
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed By:
LEMEE RANIYA · License #3576182
Source:
Corcoran
Added: Dec 18, 2025
Changed: Aug 8
Last Checked: Jul 15 at 9:07PM
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 IMPACT REALTY TAMPA BAY
Investment Insights
Based on property information with market context.
Located in the heart of Tampa Bay’s rapidly expanding commercial corridor, this mixed-use property offers an opportunity for investors, developers, or owner-operators. The site supports a range of permitted uses including professional office, medical, retail, boutique storefront, light industrial, distribution, or administrative headquarters. The property sits on a single parcel with preliminary potential for subdivision into three separate lots, allowing for a central office or showroom complemented by two additional income-producing pads. Renovations have enhanced functionality and curb appeal, creating a residential-inspired aesthetic. The property features a 3-bedroom, 2-bath main layout plus an additional 1-bedroom, 1-bath suite, two full kitchens including a 2024 remodeled kitchen, spacious oversized rooms, walk-in showers in Baths 1 and 3, a tub in Bath 2, a 2023 roof and A/C system, and a metal shed for additional storage. Established parking, utilities, and site access support immediate operational readiness. An additional 300 sq ft detached outbuilding features its own A/C, full bathroom, and kitchenette. The property is located near major transportation routes and key Tampa business districts, offering accessibility, logistical convenience, and regional connectivity. The property contains 1528 sq ft.
Key Highlights
- High‑visibility Commercial Mixed‑Use property in Tampa Bay's rapidly expanding commercial corridor.
- Versatile site supporting a wide range of permitted uses.
- Potential for subdivision into three separate lots (subject to municipal approval).
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
$20,628
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
3.59%
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%
$412,560
$412.6K
Cap Rate 7%
$294,686
$294.7K
Cap Rate 9%
$229,200
$229.2K
Market Conditions
NOI Build-Up for 1,528 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
$36.7K $24.00/SF
− Vacancy
−$3.7K −$2.40/SF
EGI
$33.0K $21.60/SF
− OpEx
−$12.4K −$8.10/SF
NOI
$20.6K $13.50/SF
Area
Tampa, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$412,560
Cap Rate 7%
$294,686
Cap Rate 9%
$229,200
Alternative Uses
Best Use
Mixed Use
$294.7K
$257.9K – $343.8K
NOI $20,628 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.0K
$311.5K – $415.3K
NOI $24,919 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property in Tampa Bay's expanding commercial corridor.
Where is this mixed-use property located?
The property is located at 2807 LOCICERO DRIVE Tampa, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: High‑visibility Commercial Mixed‑Use property in Tampa Bay's rapidly expanding commercial corridor.; Versatile site supporting a wide range of permitted uses.; Potential for subdivision into three separate lots (subject to municipal approval).
