Class A Office
3707 West Cherry Street Tampa, FL 33607
3707 West Cherry Street, Tampa, FL, 33607
Contact for pricing
For Sale
Contact for pricing
Westshore Center offers renovated office interiors with updated roof, HVAC, ADA restrooms, and LED lighting.
Property Size21,781 SF
Price / SF$284.65
Days on Market44
Property Features for 3707 West Cherry Street
General Information
- Standard status
- Active
- Size
- 21,781 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agency
The Ross Realty Group Inc
(727) 639-3800
Listed by
Elliott Ross · License #BK416734
Source
Crexi
Added: Jun 8 Updated: Jul 20 at 9:38PM Checked: Jul 21 at 6:42AM
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 The Ross Realty Group Inc
Investment Insights
Based on property information with market context.
Westshore Center Office Building is a renovated office property with significant capital improvements completed since 2020, including a new roof, HVAC, duct work, ADA restrooms, Class A interior upgrades, and LED lighting.
The building is located in the Westshore Business District, just east of N Dale Mabry Highway, and provides convenient drive access to Interstate 275, the Veterans Expressway, downtown Tampa, and Tampa International Airport.
With these recent systems and interior enhancements, the property is positioned as a modern office option within the Westshore area.
The building is located in the Westshore Business District, just east of N Dale Mabry Highway, and provides convenient drive access to Interstate 275, the Veterans Expressway, downtown Tampa, and Tampa International Airport.
With these recent systems and interior enhancements, the property is positioned as a modern office option within the Westshore area.
Key Highlights
- Office building built in 1984 at 3707 W Cherry Street, Tampa, FL 33607
- Owners invested over $1.5 million in renovations since purchasing in 2020
- Renovations include a new roof, new HVAC, and duct work upgrades
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $522.7k | $24.00 |
| − Vacancy | −$128.1k | −$5.88 |
| EGI | $394.7k | $18.12 |
| − OpEx | −$98.7k | −$4.53 |
| NOI | $296.0k | $13.59 |
21,781 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.23M
$3.70M – $4.93M
NOI $296,004 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.07M
$4.44M – $5.92M
NOI $355,205 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Priority Pet Sitting
Dog Walker
Jones Emergency AC ...
Hardware & Home Improvement
Elite Events
Event Planning
Tampa Feng Shui ...
Interior Design
Jenn Peden Hair ...
Hair Salon
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FAQs
What type of property is this?
Office building - Westshore Center offers renovated office interiors with updated roof, HVAC, ADA restrooms, and LED lighting.
Where is this office building located?
The property is located at 3707 West Cherry Street Tampa, FL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Office building built in 1984 at 3707 W Cherry Street, Tampa, FL 33607; Owners invested over $1.5 million in renovations since purchasing in 2020; Renovations include a new roof, new HVAC, and duct work upgrades
