Retail Showroom Condo with
For Sale
$1,300,000
3684 TAMPA ROAD, Oldsmar, FL 34677
Commercial condo with a showroom/customer area, private office, large storage, and two restrooms on Tampa Road frontage.
Property Size3,850 SF
Price / SF$337.66
Days on Market278
Property Features for 3684 TAMPA ROAD
General Information
Standard status
Active
Size
3,850 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,642
Amenities
Central Air
3
Corner Lot.
Paved Driveway.
Central Business District, Corner, City Road, Paved Road, Curbs & gutters.
Building Details
Year Built
2004
Listing Agency:
GULF PROPERTY MANAGEMENT LLC
(727) 639-1949
Listed By:
Joel Rodgers · License #3117844
Source:
Xome
Added: Nov 9, 2025
Changed: Aug 12
Last Checked: Aug 13 at 3:13AM
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 GULF PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
Unit 101 is a commercial condo configured as a retail showroom with a spacious customer showroom and merchandising area. The layout also includes a private office, a large storage room, and two restrooms. The space is described as flexible, with potential to be subdivided into two separate business spaces.
Located at 3684 Tampa Road in Oldsmar, the unit offers Tampa Road frontage and visibility to support customer and client access.
The seller notes the established operating business is available for purchase separately under a separate listing, while the asking price for this listing is for the real estate only.
Located at 3684 Tampa Road in Oldsmar, the unit offers Tampa Road frontage and visibility to support customer and client access.
The seller notes the established operating business is available for purchase separately under a separate listing, while the asking price for this listing is for the real estate only.
Key Highlights
- 3,706± SF commercial condo with showroom/customer area on Tampa Road frontage
- Flexible floor plan configured for retail showroom use, with potential to subdivide into two separate business spaces
- Includes private office, large storage room, and two restrooms
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
$37,797
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
2.91%
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%
$755,940
$755.9K
Cap Rate 7%
$539,957
$540.0K
Cap Rate 9%
$419,967
$420.0K
Market Conditions
NOI Build-Up for 3,850 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
$57.8K $15.00/SF
− Vacancy
−$3.8K −$0.98/SF
EGI
$54.0K $14.03/SF
− OpEx
−$16.2K −$4.21/SF
NOI
$37.8K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$755,940
Cap Rate 7%
$539,957
Cap Rate 9%
$419,967
Alternative Uses
Best Use
Retail
$540.0K
$472.5K – $630.0K
NOI $37,797 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$876.2K – $1.17M
NOI $70,099 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
254k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Apparel 25%
Leisure 25%
Dining 13%
AMC Woodlands Square 20
Leisure
63,503 visits/mo
0.5 miles
Marshalls
Apparel
43,801 visits/mo
0.3 miles
Dollar Tree
Shops & Services
25,724 visits/mo
0.3 miles
Panera Bread
Dining
22,756 visits/mo
0.2 miles
Bealls Florida
Apparel
20,285 visits/mo
0.5 miles
Demographics for 34677, FL
22,524
Population
10,056
Households
2.2
Avg Household Size
46
Median Age
41%
College-Educated
95%
High-School Grad
12.7 sq mi
ZIP Area
1,774
Density / Sq Mi
$85,389
Median Household Income
$46,404
Median Earnings
$1,484
Median Rent
$352,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial condo with a showroom/customer area, private office, large storage, and two restrooms on Tampa Road frontage.
Where is this retail space located?
The property is located at 3684 TAMPA ROAD Oldsmar, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,706± SF commercial condo with showroom/customer area on Tampa Road frontage; Flexible floor plan configured for retail showroom use, with potential to subdivide into two separate business spaces; Includes private office, large storage room, and two restrooms
