Free-Standing Creative Office
2811 - 2813 N 34th St Tampa, FL 33605
2811 - 2813 N 34th St, Tampa, FL, 33605
$995,000
For Sale
$995,000
Two-story free-standing building built out as a recording studio with soundproofing and moveable non-load-bearing studio walls.
Property Size5,568 SF
Price / SF$178.70
Days on Market28
Property Features for 2811 - 2813 N 34th St
General Information
- Standard status
- Active
- Size
- 5,568 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agency
(727) 709-6216
Listed by
Justin Worthington · License #FL #SL3603509
(727) 709-6216
Source
Grimaldicommercialrealty
Added: Jun 24 Updated: Jul 21 at 6:17AM Checked: Jul 21 at 6:17AM
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 Justin Worthington
Investment Insights
Based on property information with market context.
This two-story, free-standing commercial building is currently built out as a recording studio. The layout includes five rooms, including an isolated ground downstairs, with double drywall and soundproofing on the bottom story. Studio walls are not load bearing and can be moved, and the building features load bearing beams every 24 feet, which could allow for bay doors to be reinstalled. Additional improvements include an alarm system, exhaust fans in four rooms, and a termite inspection warranty for three years.
The property is described as being near Historic Ybor and includes an additional fenced-in parcel. A Phase 1 Site Assessment was completed in 2021, and a Phase 1 Environmental Study was completed in May 2021. The included parcel has a separate water meter, and recent work includes a new roof installed in 2022 and laminate luxury floors added about six months ago. The building has a 10-foot ceiling height and one-way backflow device.
The building is zoned CI and is described as allowing for a broad range of uses, including retail and sales, office, radio/television studio, residential, restaurant, hotel and motel, warehouse and storage, bar or lounge, medical facility, light manufacturing, and automotive repair and autobody, among other listed options.
The property is described as being near Historic Ybor and includes an additional fenced-in parcel. A Phase 1 Site Assessment was completed in 2021, and a Phase 1 Environmental Study was completed in May 2021. The included parcel has a separate water meter, and recent work includes a new roof installed in 2022 and laminate luxury floors added about six months ago. The building has a 10-foot ceiling height and one-way backflow device.
The building is zoned CI and is described as allowing for a broad range of uses, including retail and sales, office, radio/television studio, residential, restaurant, hotel and motel, warehouse and storage, bar or lounge, medical facility, light manufacturing, and automotive repair and autobody, among other listed options.
Key Highlights
- Built in 1984, two‑story free‑standing 5,568 SF building zoned CI near Historic Ybor
- Currently built out as a recording studio with 5 rooms, including moveable studio walls (not load bearing)
- Soundproofing features include isolated ground downstairs, double drywall, and bottom‑story soundproofing
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.6k | $24.00 |
| − Vacancy | −$32.7k | −$5.88 |
| EGI | $100.9k | $18.12 |
| − OpEx | −$25.2k | −$4.53 |
| NOI | $75.7k | $13.59 |
5,568 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.08M
$945.9K – $1.26M
NOI $75,669 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,803 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cars
Auto Repair Shop
Grand Bay Recording ...
Recording Studio
STB Entertainment
Recording Studio
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story free-standing building built out as a recording studio with soundproofing and moveable non-load-bearing studio walls.
Where is this office building located?
The property is located at 2811 - 2813 N 34th St Tampa, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Built in 1984, two‑story free‑standing 5,568 SF building zoned CI near Historic Ybor; Currently built out as a recording studio with 5 rooms, including moveable studio walls (not load bearing); Soundproofing features include isolated ground downstairs, double drywall, and bottom‑story soundproofing
