Office Building with Owner-User
For Sale
$1,250,000
3410 E 7TH Avenue, Tampa, FL 33605
Commercial Sale, TAMPA, FL
Property Size6,700 SF
Lot Size0.33 Acres
Price / SF$186.57
Days on Market57
Property Features for 3410 E 7TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Subdivision
EAST BAY ADD
Directions
3410 E 7th Ave
Standard status
Active
APN
A-17-29-19-4OD-000016-00010.0
Size
6,700 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EAST BAY ADDITION LOTS 10 11 AND 12 BLOCK 16
Tax Annual Amount
11756
Legal Description
EAST BAY ADDITION LOTS 10 11 AND 12 BLOCK 16
Utilities
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Building Details
Year built
1948
Building materials
Stucco
Listing Agency:
REAL ESTATE FIRM OF FLORIDA, LLC · RE/MAX International
(813) 961-6000
Listed By:
Kristoffer Slaven · License #3302872
(813) 428-4976
Added: Jun 30
Changed: Aug 24
Last Checked: Aug 25 at 6:06AM
MLS# TB8525005
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,700-square-foot office building presents a flexible ownership configuration, with approximately 2,400 square feet leased and approximately 4,300 square feet available. The property can accommodate an owner-user while retaining leased space within the building. A new roof was installed in 2024, and the site includes on-site parking. The building was constructed in 1948 and features stucco construction, central air, and window or wall units.
Positioned along East 7th Avenue in Tampa, the property is near Historic Ybor City, Downtown Tampa, Channelside, the Port of Tampa, Interstate 4, Interstate 275, and the Selmon Expressway. The site encompasses approximately 0.33 acres and carries CI zoning.
Positioned along East 7th Avenue in Tampa, the property is near Historic Ybor City, Downtown Tampa, Channelside, the Port of Tampa, Interstate 4, Interstate 275, and the Selmon Expressway. The site encompasses approximately 0.33 acres and carries CI zoning.
Key Highlights
- 6,700‑square‑foot office building with approximately 2,400 square feet leased
- Approximately 4,300 square feet available for an owner‑user 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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
765
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 occupancy combines leased space with room for an owner-user or additional tenants.
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‑square‑foot office building with approximately 2,400 square feet leased; Approximately 4,300 square feet available for an owner‑user or additional leasing; New roof installed in 2024
