Industrial Flex Building with
New
For Sale
$3,400,000
3107 E 7TH AVENUE, Tampa, FL 33605
IG zoning accommodates qualifying industrial activities, subject to applicable requirements and City confirmation.
Property Size9,631 SF
Lot Size0.54 Acres
Price / SF$517.90
Days on Market5
Property Features for 3107 E 7TH AVENUE
General Information
Standard status
Active
Size
9,631 SF
Lot size
0.54 Acres
Zoning
IG
Warehouse & Industrial
Clear Height
24 ft
Office Build-Out
4,200 SF
Mezzanine
3,066 SF
Taxes and HOA fees
Annual Taxes
$33,245
Building Details
Building Size
9,631 SF
Year Built
2022
Stories
1
Construction
metal-frame
Listing Agency:
FLORIDA COMMERCIAL GROUP
Listed By:
Tina Marie Eloian · License #653748
(813) 997-4321
Source:
Evrealestate
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 9:48AM
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 across a 6,565-square-foot heated area and a 3,066-square-foot mezzanine. The heated portion includes 4,200 square feet of office space and 2,365 square feet of industrial/base area. Metal-frame construction, concrete floors, and approximately 24-foot wall height round out the building’s physical profile. The site totals 23,300 square feet, or approximately 0.535 acres.
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 zoning 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 zoning requirements and City confirmation.
Key Highlights
- 9,631 SF of total building area on a 23,300‑square‑foot site
- 6,565 SF heated area, including 4,200 SF of office and 2,365 SF of industrial/base space
- 3,066 SF mezzanine
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
$96,818
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
2.85%
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%
$1,936,360
$1.9M
Cap Rate 7%
$1,383,114
$1.4M
Cap Rate 9%
$1,075,756
$1.1M
Market Conditions
NOI Build-Up for 6,565 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
$120.5K $18.36/SF
− Vacancy
−$6.6K −$1.01/SF
EGI
$113.9K $17.35/SF
− OpEx
−$17.1K −$2.60/SF
NOI
$96.8K $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%
$1,936,360
Cap Rate 7%
$1,383,114
Cap Rate 9%
$1,075,756
Alternative Uses
Best Use
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,818 @ 7.0% cap · market cap 2.85%
Second Best
Flex RnD
$1.24M
$1.08M – $1.44M
NOI $86,642 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,062 @ 7.0% cap · market cap 3.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
Location Intelligence
Trade Area within ½ mile
765
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Tampa, FL
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Frequently Asked Questions
What type of property is this?
Flex space - IG zoning accommodates qualifying industrial activities, subject to applicable requirements and City confirmation.
Where is this flex space located?
The property is located at 3107 E 7TH AVENUE 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 SF of total building area on a 23,300‑square‑foot site; 6,565 SF heated area, including 4,200 SF of office and 2,365 SF of industrial/base space; 3,066 SF mezzanine
