Office Building with Owner-User
For Sale
$1,250,000
3410 E 7th Ave, Tampa, FL 33605
Office and commercial property with leased space, owner-user availability, on-site parking, and a roof installed in 2024.
Property Size6,700 SF
Lot Size0.33 Acres
Price / SF$186.57
Days on Market41
Property Features for 3410 E 7th Ave
General Information
Standard status
Active
Size
6,700 SF
Lot size
0.33 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1948
Buildings
1
Building Size
6,700 SF
Listing Agency:
REAL ESTATE FIRM OF FLORIDA, LLC
(813) 428-4976
Listed By:
Kristoffer Slaven · License #3302872
Source:
Livewelltampabay
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:03AM
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 REAL ESTATE FIRM OF FLORIDA, LLC
Investment Insights
Based on property information with market context.
Built in 1948, this office and commercial building contains 6,700 square feet on approximately 0.33 acres. Approximately 2,400 square feet is leased, while approximately 4,300 square feet is available for occupancy or future leasing. The property includes on-site parking and has a new roof installed in 2024.
Located at 3410 E. 7th Avenue in Tampa, the building sits along a recognized commercial corridor 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 routes. The combination of existing leased area and available interior space supports both continued leasing and owner occupancy.
Located at 3410 E. 7th Avenue in Tampa, the building sits along a recognized commercial corridor 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 routes. The combination of existing leased area and available interior space supports both continued leasing and owner occupancy.
Key Highlights
- 6,700‑square‑foot office and commercial building
- Approximately 2,400 square feet currently under lease
- Approximately 4,300 square feet available for occupancy or leasing
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
7.28%
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 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,264 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
729
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 - Office and commercial property with leased space, owner-user availability, on-site parking, and a roof installed in 2024.
Where is this office building located?
The property is located at 3410 E 7th Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6,700‑square‑foot office and commercial building; Approximately 2,400 square feet currently under lease; Approximately 4,300 square feet available for occupancy or leasing
