Office Building with Owner-User
New
For Sale
$1,150,000
3410 E 7TH, Tampa, FL 33605
Flexible office property with leased space, available occupancy, on-site parking, and a 2024 roof replacement.
Property Size6,700 SF
Lot Size0.33 Acres
Price / SF$171.64
Days on Market2
Property Features for 3410 E 7TH
General Information
Standard status
Active
Size
6,700 SF
Lot size
0.33 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,756
Building Details
Building Size
6,700 SF
Year Built
1948
Buildings
1
Listing Agency:
James N. Paxton
Listed By:
Kristoffer Slaven · License #3302872
(813) 428-4976
Source:
Elliman
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 16 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 James N. Paxton
Investment Insights
Based on property information with market context.
The 6,700-square-foot office and commercial building provides a combination of existing occupancy and user-controlled space. Approximately 2,400 square feet is leased, while approximately 4,300 square feet is available for an owner-occupant or future leasing. On-site parking supports the property, and a new roof was installed in 2024. Constructed in 1948, the building sits on approximately 0.33 acres.
Located at 3410 E 7th Avenue in Tampa, the property is positioned near Historic Ybor City, Downtown Tampa, Channelside, and the Port of Tampa. Interstate 4, Interstate 275, and the Selmon Expressway are among the nearby transportation corridors. The location records a bike score of 57, a walk score of 55, and a transit score of 41.
Located at 3410 E 7th Avenue in Tampa, the property is positioned near Historic Ybor City, Downtown Tampa, Channelside, and the Port of Tampa. Interstate 4, Interstate 275, and the Selmon Expressway are among the nearby transportation corridors. The location records a bike score of 57, a walk score of 55, and a transit score of 41.
Key Highlights
- 6,700‑square‑foot office and commercial building
- Approximately 2,400 square feet leased and approximately 4,300 square feet available
- New roof installed in 2024
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
$91,053
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
7.92%
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%
$1,821,060
$1.8M
Cap Rate 7%
$1,300,757
$1.3M
Cap Rate 9%
$1,011,700
$1.0M
Market Conditions
NOI Build-Up for 6,700 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
$160.8K $24.00/SF
− Vacancy
−$39.4K −$5.88/SF
EGI
$121.4K $18.12/SF
− OpEx
−$30.4K −$4.53/SF
NOI
$91.1K $13.59/SF
Area
Tampa, FL
Vacancy
24.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,821,060
Cap Rate 7%
$1,300,757
Cap Rate 9%
$1,011,700
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,053 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,264 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
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 Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with leased space, available occupancy, on-site parking, and a 2024 roof replacement.
Where is this office building located?
The property is located at 3410 E 7TH 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: 6,700‑square‑foot office and commercial building; Approximately 2,400 square feet leased and approximately 4,300 square feet available; New roof installed in 2024
