Mixed-Use Property with Seven
For Sale
Contact for pricing
3410-3418 E 7th Ave, Tampa, FL 33605
Commercial Intensive zoning supports varied business uses across the property's multi-suite layout.
Property Size6,780 SF
Price / SF$169.62
Days on Market32
Property Features for 3410-3418 E 7th Ave
General Information
Standard status
Active
Size
6,780 SF
Property subtype
RETAIL
Zoning
CI
Building Details
Tenancy
Multi
Listing Agency:
Florida Commercial Group
(813) 935-9600
Listed By:
Tina Marie Eloian · License #653748
(813) 997-4321
Source:
Moodyscre
Added: Aug 31
Changed: Sep 28
Last Checked: Oct 1 at 1:44PM
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.
The property contains 6,780 square feet of commercial space divided among seven suites, with individual areas ranging from approximately 800 to 1,350 square feet. The layouts can accommodate office, retail, creative, and service-oriented uses. Commercial Intensive (CI) zoning applies, and rear on-site parking serves the property.
Situated at E. 7th Avenue and N. 34th Street in Tampa, the site is near Garytown and provides access to surrounding neighborhoods and major east Tampa thoroughfares.
Situated at E. 7th Avenue and N. 34th Street in Tampa, the site is near Garytown and provides access to surrounding neighborhoods and major east Tampa thoroughfares.
Key Highlights
- 6,780 square feet divided among seven commercial suites
- Individual suites range from approximately 800 to 1,350 square feet
- Commercial Intensive (CI) zoning
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
$91,530
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
7.96%
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%
$1,830,600
$1.8M
Cap Rate 7%
$1,307,571
$1.3M
Cap Rate 9%
$1,017,000
$1.0M
Market Conditions
NOI Build-Up for 6,780 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
$162.7K $24.00/SF
− Vacancy
−$16.3K −$2.40/SF
EGI
$146.4K $21.60/SF
− OpEx
−$54.9K −$8.10/SF
NOI
$91.5K $13.50/SF
Area
Tampa, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,830,600
Cap Rate 7%
$1,307,571
Cap Rate 9%
$1,017,000
Alternative Uses
Best Use
Mixed Use
$1.31M
$1.14M – $1.53M
NOI $91,530 @ 7.0% cap · market cap 7.96%
Second Best
Retail
$1.15M
$1.01M – $1.35M
NOI $80,729 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,568 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
946
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Sunbelt Rentals, Inc.
Home Improvements & Furnishings
946 visits/mo
0.2 miles
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 Retail in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial Intensive zoning supports varied business uses across the property's multi-suite layout.
Where is this mixed-use property located?
The property is located at 3410-3418 E 7th Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6,780 square feet divided among seven commercial suites; Individual suites range from approximately 800 to 1,350 square feet; Commercial Intensive (CI) zoning
