Midtown Investment
For Sale
$2,250,000
3007 W CYPRESS St, Tampa, FL 33609
Multi-tenant commercial building in a high-growth Tampa submarket.
Property Size7,600 SF
Price / SF$296.05
Days on Market103
Property Features for 3007 W CYPRESS St
General Information
Standard status
Active
Size
7,600 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
(813) 842-4292
Listed By:
Alexander Matos · License #3291553
(813) 842-4292
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 4 at 5:25AM
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 Alexander Matos
Investment Insights
Based on property information with market context.
This Midtown investment opportunity is strategically located along the highly traveled W. Cypress Street corridor, just minutes from the rapidly expanding Midtown Tampa district. The property features an approximately 7,600+ square foot multi-tenant commercial building positioned within one of Tampa’s most active redevelopment corridors. The property benefits from strong street frontage, excellent visibility, and convenient access to I-275, Kennedy Boulevard, Downtown Tampa, Tampa International Airport, and Midtown Tampa. The surrounding area is characterized by dense residential neighborhoods, strong daytime population, and continued commercial and mixed-use development, supporting long-term tenant demand and rental growth. From an investment standpoint, the asset offers efficient operating expenses, as tenants are individually metered and responsible for their own electrical service. The parking lot was recently resurfaced, reducing near-term capital expenditure concerns. Units 6, 5, and 4 were completely remodeled in 2021 and 2025, providing modernized interiors that support stronger tenant retention and future rental upside. Zoned for commercial use, the property delivers stable in-place income with upside potential through rental growth and long-term corridor appreciation. The location has a bike score of 69, making it bikeable, a walk score of 77, making it very walkable, and a transit score of 34, indicating some transit options.
Key Highlights
- Strategically located in a high‑growth Tampa submarket near the rapidly expanding Midtown Tampa district.
- Multi‑tenant commercial building with stable in‑place income and upside potential.
- Excellent visibility and convenient access to I‑275, Kennedy Boulevard, Downtown Tampa, Tampa International Airport, and Midtown Tampa.
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 | $182.4k | $24.00 |
| − Vacancy | −$44.7k | −$5.88 |
| EGI | $137.7k | $18.12 |
| − OpEx | −$34.4k | −$4.53 |
| NOI | $103.3k | $13.59 |
7,600 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,284 @ 7.0% cap · market cap 4.59%
Second Best
Mixed Use
$1.47M
$1.28M – $1.71M
NOI $102,600 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,941 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
Market
Properties on Market for Mixed-use properties in Hillsborough County
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant commercial building in a high-growth Tampa submarket.
Where is this mixed-use property located?
The property is located at 3007 W CYPRESS St Tampa, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Strategically located in a high‑growth Tampa submarket near the rapidly expanding Midtown Tampa district.; Multi‑tenant commercial building with stable in‑place income and upside potential.; Excellent visibility and convenient access to I‑275, Kennedy Boulevard, Downtown Tampa, Tampa International Airport, and Midtown Tampa.
