Multi-Tenant Office and Commercial
For Sale
$1,250,000
3410 E 7TH AVENUE, Tampa, FL 33605
A Tampa office and commercial building with in-place leased space and substantial additional area plus on-site parking.
Property Size6,700 SF
Days on Market56
Property Features for 3410 E 7TH AVENUE
General Information
Standard status
Active
Size
6,700 SF
Property subtype
Commercial
Zoning
CI
Taxes and HOA fees
Annual Taxes
$11,756
Building Details
Building Size
6,700 SF
Year Built
1948
Listing Agency:
REAL ESTATE FIRM OF FLORIDA, LLC
(813) 428-4976
Listed By:
Kristoffer Slaven · License #3302872
(813) 428-4976
Source:
Mbifloridarealty
Added: Jun 30
Changed: Aug 23
Last Checked: Aug 22 at 8:59AM
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.
This office and commercial building offers a flexible layout with approximately 2,400 square feet currently under lease and approximately 4,300 square feet available for additional leasing or owner occupancy. The property includes on-site parking and is positioned on approximately 0.33 acres, providing practical, self-contained access for tenants and guests.
Located along East 7th Avenue in Ybor City, the building offers visibility on a recognizable commercial corridor. It is described as minutes from Historic Ybor City, Downtown Tampa, Channelside, the Port of Tampa, and major transportation corridors including Interstate 4, Interstate 275, and the Selmon Expressway.
Major capital improvements have been completed, including a new roof installed in 2024, which can help reduce near-term maintenance concerns for the next owner.
Located along East 7th Avenue in Ybor City, the building offers visibility on a recognizable commercial corridor. It is described as minutes from Historic Ybor City, Downtown Tampa, Channelside, the Port of Tampa, and major transportation corridors including Interstate 4, Interstate 275, and the Selmon Expressway.
Major capital improvements have been completed, including a new roof installed in 2024, which can help reduce near-term maintenance concerns for the next owner.
Key Highlights
- 6,700 SF office and commercial building in Ybor City (Year Built: 1948)
- About 2,400 SF currently under lease; about 4,300 SF available for owner‑occupant or additional leasing
- 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
7.28%
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
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 - A Tampa office and commercial building with in-place leased space and substantial additional area plus on-site parking.
Where is this office building located?
The property is located at 3410 E 7TH AVENUE 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 SF office and commercial building in Ybor City (Year Built: 1948); About 2,400 SF currently under lease; about 4,300 SF available for owner‑occupant or additional leasing; New roof installed in 2024
