South Tampa Leased Office
For Sale
$950,000
Pending
3105 W GRANADA STREET, Tampa, FL 33629
Two-story office building in South Tampa with income potential.
Property Size2,349 SF
Lot Size0.11 Acres
Days on Market551
Property Features for 3105 W GRANADA STREET
General Information
Standard status
Pending
Size
2,349 SF
Lot size
0.11 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1983
Listing Agency:
SOUTH CEDAR REAL ESTATE, INC
(813) 624-9420
Listed By:
Alan Schonbrun · License #3584522
(813) 624-9420
Source:
Exitrealty
Added: Jan 28, 2025
Changed: Jul 6
Last Checked: Aug 2 at 4:42AM
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 SOUTH CEDAR REAL ESTATE, INC
Investment Insights
Based on property information with market context.
Located in South Tampa, this two-story office building offers 2,349+ square feet of space on a 5,000+ square foot site. Situated just off S. MacDill Avenue, a commercial corridor, the property is currently leased, providing income. The building is divided into two separate units with double-locking doors, allowing for multi-tenant leasing or future owner use. The first floor features 1,670± square feet and is built out with LVT and tile flooring, acoustic tile ceilings, and drywall finishes. The upstairs includes a full kitchen, full bath, wood flooring, track lighting, and mezzanine space. There is also an air-conditioned garage/office space with painted concrete flooring, drywall finishes, fluorescent lighting, and an 8’ high bay door. Up to seven parking spaces are available. The property is located in Flood Zone X, and PD zoning allows for business/professional office use, a photo studio with accessory retail, or a residential-office hybrid.
Key Highlights
- Recently appraised $200,000 over the asking price, indicating instant equity.
- Located in prime South Tampa, steps from S. MacDill Ave., near business hubs and residential areas.
- Currently leased, providing immediate income potential.
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 | $56.4k | $24.00 |
| − Vacancy | −$13.8k | −$5.88 |
| EGI | $42.6k | $18.12 |
| − OpEx | −$10.6k | −$4.53 |
| NOI | $31.9k | $13.59 |
2,349 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$456.0K
$399.0K – $532.1K
NOI $31,923 @ 7.0% cap · market cap 3.36%
Second Best
Mixed Use
$453.0K
$396.4K – $528.5K
NOI $31,712 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$547.2K
$478.8K – $638.5K
NOI $38,307 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 33629, FL
26,394
Population
11,237
Households
2.3
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
4.8 sq mi
ZIP Area
5,499
Density / Sq Mi
$158,337
Median Household Income
$88,821
Median Earnings
$1,758
Median Rent
$764,100
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in South Tampa with income potential.
Where is this office building located?
The property is located at 3105 W GRANADA STREET Tampa, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Recently appraised $200,000 over the asking price, indicating instant equity.; Located in prime South Tampa, steps from S. MacDill Ave., near business hubs and residential areas.; Currently leased, providing immediate income potential.
