Industrial Flex Facility with
New
For Sale
$3,400,000
3107 E 7TH, Tampa, FL 33605
A mix of office, industrial, and mezzanine areas supports varied operational needs.
Property Size6,565 SF
Lot Size0.53 Acres
Price / SF$353.03
Days on Market2
Property Features for 3107 E 7TH
General Information
Standard status
Active
Size
6,565 SF
Lot size
0.53 Acres
Property subtype
Industrial
Zoning
IG
Warehouse & Industrial
Office Build-Out
4,200 SF
Mezzanine
3,066 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$33,245
Building Details
Building Size
6,565 SF
Year Built
2022
Construction
metal frame
Listing Agency:
FLORIDA COMMERCIAL GROUP
Listed By:
Tina Marie Eloian · License #653748
(813) 997-4321
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:48PM
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 FLORIDA COMMERCIAL GROUP
Investment Insights
Based on property information with market context.
Built in 2022, this industrial flex property contains 9,631 square feet on a 23,300-square-foot site. The building includes 6,565 square feet of heated area, with 4,200 square feet devoted to offices and 2,365 square feet to industrial and base area. A 3,066-square-foot mezzanine adds further usable space. Metal-frame construction, concrete floors, and approximately 24-foot wall height are among the building features.
The property is in East Ybor, south of I-4, with access to Tampa’s urban core and major transportation corridors. Its IG (Industrial General) zoning allows qualifying uses such as light manufacturing, warehousing, wholesaling, assembly, and product processing, subject to applicable requirements and City confirmation.
The property is in East Ybor, south of I-4, with access to Tampa’s urban core and major transportation corridors. Its IG (Industrial General) zoning allows qualifying uses such as light manufacturing, warehousing, wholesaling, assembly, and product processing, subject to applicable requirements and City confirmation.
Key Highlights
- 9,631 square feet of total building area on a 23,300‑square‑foot site
- 6,565 square feet of heated space, including 4,200 square feet of office area
- 3,066‑square‑foot mezzanine and approximately 24‑foot wall height
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
$142,035
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
4.18%
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%
$2,840,700
$2.8M
Cap Rate 7%
$2,029,071
$2.0M
Cap Rate 9%
$1,578,167
$1.6M
Market Conditions
NOI Build-Up for 9,631 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
$176.8K $18.36/SF
− Vacancy
−$9.7K −$1.01/SF
EGI
$167.1K $17.35/SF
− OpEx
−$25.1K −$2.60/SF
NOI
$142.0K $14.75/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$2,840,700
Cap Rate 7%
$2,029,071
Cap Rate 9%
$1,578,167
Alternative Uses
Best Use
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,035 @ 7.0% cap · market cap 4.18%
Second Best
Flex RnD
$1.82M
$1.59M – $2.12M
NOI $127,106 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,062 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A mix of office, industrial, and mezzanine areas supports varied operational needs.
Where is this flex space located?
The property is located at 3107 E 7TH Tampa, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 9,631 square feet of total building area on a 23,300‑square‑foot site; 6,565 square feet of heated space, including 4,200 square feet of office area; 3,066‑square‑foot mezzanine and approximately 24‑foot wall height
