For Sale
$298,000
3417 E LAKE Avenue, Tampa, FL 33610
Commercial Sale, TAMPA, FL
Property Size1,391 SF
Lot Size0.15 Acres
Price / SF$214.23
Days on Market356
Property Features for 3417 E LAKE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Pets allowed
Yes
Appliances
Dryer, Microwave, Refrigerator, Washer
Subdivision
FOREST PARK RESUB OF BLOCKS 1
Lot features
Corner Lot, City Limits
Directions
From Middleton High School (4801 N 22nd St, Tampa, FL 33610) head east on E Osborne Ave toward N 26th St, at the traffic circle, take the 1st exit onto N 34th St, at the traffic circle, take the 3rd exit onto E Lake Ave, destination will be on the right
Standard status
Active
APN
A-08-29-19-4NA-000001-00013.0
Size
1,391 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
FOREST PARK RESUB OF BLOCKS 1 2 3 AND 4 LOT 13 BLOCK 1
Tax Annual Amount
2541
Legal Description
FOREST PARK RESUB OF BLOCKS 1 2 3 AND 4 LOT 13 BLOCK 1
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
1
Building materials
Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA · Keller Williams Realty
(813) 875-3700
Listed By:
Correy Smith · License #3347183
(850) 496-7111
Added: Sep 19, 2025
Changed: Aug 19
Last Checked: Sep 9 at 2:06PM
MLS# TB8427415
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.
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
$16,901
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
5.67%
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%
$338,020
$338.0K
Cap Rate 7%
$241,443
$241.4K
Cap Rate 9%
$187,789
$187.8K
Market Conditions
NOI Build-Up for 1,391 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
$30.0K $21.60/SF
− Vacancy
−$3.0K −$2.16/SF
EGI
$27.0K $19.44/SF
− OpEx
−$10.1K −$7.29/SF
NOI
$16.9K $12.15/SF
Area
ZIP 33610
Vacancy
10.00%
Lease Rate
$21.60 /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%
$338,020
Cap Rate 7%
$241,443
Cap Rate 9%
$187,789
Alternative Uses
Best Use
Mixed Use
$241.4K
$211.3K – $281.7K
NOI $16,901 @ 7.0% cap · market cap 5.67%
Second Best
Office B
$234.0K
$204.8K – $273.0K
NOI $16,381 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$320.8K
$280.7K – $374.3K
NOI $22,457 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 33610, FL
45,218
Population
17,995
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
82%
High-School Grad
18.0 sq mi
ZIP Area
2,512
Density / Sq Mi
$49,765
Median Household Income
$34,773
Median Earnings
$1,307
Median Rent
$210,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 3417 E LAKE Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $298,000.
