Warehouse with Outside
For Sale
$1,200,000
2913 & 2907 S 47th St, Tampa, FL 33619
Industrial warehouse offering manufacturing zoning, truck access, and substantial outdoor operational space.
Property Size8,790 SF
Lot Size1.38 Acres
Price / SF$136.52
Days on Market54
Property Features for 2913 & 2907 S 47th St
General Information
Standard status
Active
Size
8,790 SF
Lot size
1.38 Acres
Property subtype
Warehouse
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
28 ft
Warehouse Space
8,790 SF
Drive-In Doors
3
Additional Details
Opportunity Zone
Yes
Amenities
8,790 SF Warehouse & Outside Storage Site on 1.38 AC - Zoned Manufacturing
Clear Heights 15' - 28' | 3 Grade Level Roll Up Doors
2 Parcels Including Corner Lot for Easy Access & Logistics | Qualified Opportunity Zone
Building Details
Building Size
8,790 SF
Year Built
1975
Buildings
1
Listing Agency:
Tampa Office
(813) 387-4823
Listed By:
Gabriel Paterson · License #License(s): FL: SL3591954
(813) 387-4823
Source:
Marcusmillichap
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 1:03PM
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 Tampa Office
Investment Insights
Based on property information with market context.
This 8,790-square-foot warehouse occupies a 1.38-acre industrial site formed by two parcels, including a corner configuration. The facility has clear heights from 15 feet to 28 feet, three grade-level roll-up doors, and approximately 1.2 acres of exterior storage and circulation area. Built in 1975, the property is offered in its existing condition and carries manufacturing zoning.
The site is positioned just off Causeway Boulevard, where approximately 33,500 vehicles pass daily. Its Tampa setting provides access to major transportation corridors, Downtown Tampa, and the Port of Tampa. The property is also located within a Qualified Opportunity Zone and supports industrial operations requiring warehouse space, loading access, and outdoor storage.
The site is positioned just off Causeway Boulevard, where approximately 33,500 vehicles pass daily. Its Tampa setting provides access to major transportation corridors, Downtown Tampa, and the Port of Tampa. The property is also located within a Qualified Opportunity Zone and supports industrial operations requiring warehouse space, loading access, and outdoor storage.
Key Highlights
- 8,790‑square‑foot warehouse on a 1.38‑acre site
- Two‑parcel corner configuration with efficient truck ingress and egress
- 15‑foot to 28‑foot clear heights
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
$106,756
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
8.90%
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%
$2,135,120
$2.1M
Cap Rate 7%
$1,525,086
$1.5M
Cap Rate 9%
$1,186,178
$1.2M
Market Conditions
NOI Build-Up for 8,790 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
$161.4K $18.36/SF
− Vacancy
−$8.9K −$1.01/SF
EGI
$152.5K $17.35/SF
− OpEx
−$45.8K −$5.21/SF
NOI
$106.8K $12.15/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
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%
$2,135,120
Cap Rate 7%
$1,525,086
Cap Rate 9%
$1,186,178
Alternative Uses
Best Use
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,632 @ 7.0% cap · market cap 10.80%
Second Best
Industrial
$1.53M
$1.33M – $1.78M
NOI $106,756 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,347 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28 ft
Clear height
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offering manufacturing zoning, truck access, and substantial outdoor operational space.
Where is this warehouse located?
The property is located at 2913 & 2907 S 47th St Tampa, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,790‑square‑foot warehouse on a 1.38‑acre site; Two‑parcel corner configuration with efficient truck ingress and egress; 15‑foot to 28‑foot clear heights
